Quantinno Capital Management LP Boosts Position in The Sherwin-Williams Company (NYSE:SHW)

Quantinno Capital Management LP boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 48.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,988 shares of the specialty chemicals company’s stock after buying an additional 10,378 shares during the quarter. Quantinno Capital Management LP’s holdings in Sherwin-Williams were worth $12,209,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SHW. Kingswood Wealth Advisors LLC purchased a new position in Sherwin-Williams during the 2nd quarter worth approximately $234,000. Park Avenue Securities LLC increased its holdings in shares of Sherwin-Williams by 3.2% during the 2nd quarter. Park Avenue Securities LLC now owns 4,470 shares of the specialty chemicals company’s stock valued at $1,334,000 after purchasing an additional 139 shares in the last quarter. CWM LLC increased its holdings in shares of Sherwin-Williams by 8.6% during the 2nd quarter. CWM LLC now owns 7,542 shares of the specialty chemicals company’s stock valued at $2,251,000 after purchasing an additional 598 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Sherwin-Williams by 7.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after purchasing an additional 193 shares in the last quarter. Finally, Simplicity Wealth LLC increased its holdings in shares of Sherwin-Williams by 0.7% during the 2nd quarter. Simplicity Wealth LLC now owns 11,115 shares of the specialty chemicals company’s stock valued at $3,317,000 after purchasing an additional 73 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SHW. Barclays lifted their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Insider Activity

In related news, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 0.8 %

Shares of SHW opened at $392.07 on Thursday. The Sherwin-Williams Company has a 52-week low of $278.45 and a 52-week high of $400.42. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The firm’s fifty day moving average is $379.71 and its two-hundred day moving average is $348.78. The stock has a market cap of $98.74 billion, a PE ratio of 39.05, a price-to-earnings-growth ratio of 3.19 and a beta of 1.19.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm earned $3.20 EPS. Research analysts forecast that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.73%. Sherwin-Williams’s payout ratio is 28.49%.

Sherwin-Williams Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.