Caisse DE Depot ET Placement DU Quebec Sells 61,500 Shares of The Sherwin-Williams Company (NYSE:SHW)

Caisse DE Depot ET Placement DU Quebec trimmed its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 60.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,780 shares of the specialty chemicals company's stock after selling 61,500 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Sherwin-Williams were worth $13,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams during the 4th quarter worth $28,000. Sierra Ocean LLC bought a new stake in Sherwin-Williams in the 4th quarter worth about $36,000. WR Wealth Planners LLC boosted its stake in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new position in Sherwin-Williams in the 4th quarter valued at $41,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Trading Down 0.2 %

SHW stock traded down $0.80 during trading on Wednesday, reaching $351.72. The company had a trading volume of 1,025,875 shares, compared to its average volume of 1,761,829. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The business has a 50 day moving average of $342.15 and a 200 day moving average of $355.64. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The company has a market cap of $88.46 billion, a P/E ratio of 33.34, a PEG ratio of 2.98 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.17 earnings per share. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Wall Street Analyst Weigh In

SHW has been the topic of a number of research reports. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a report on Friday, January 31st. Royal Bank of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Barclays lowered their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley reduced their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Mizuho set a $395.00 price target on Sherwin-Williams in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $397.00.

Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.

About Sherwin-Williams

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.