The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC grew its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 33.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,716 shares of the specialty chemicals company's stock after purchasing an additional 45,941 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.07% of Sherwin-Williams worth $62,791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Woodline Partners LP acquired a new position in Sherwin-Williams during the 4th quarter worth approximately $4,730,000. XN LP increased its position in Sherwin-Williams by 3.0% during the 4th quarter. XN LP now owns 381,852 shares of the specialty chemicals company's stock worth $129,803,000 after purchasing an additional 10,956 shares during the period. Sone Capital Management LLC acquired a new position in Sherwin-Williams during the 4th quarter worth approximately $18,607,000. Vident Advisory LLC increased its position in Sherwin-Williams by 3.4% during the 4th quarter. Vident Advisory LLC now owns 21,430 shares of the specialty chemicals company's stock worth $7,285,000 after purchasing an additional 711 shares during the period. Finally, Twinbeech Capital LP increased its position in Sherwin-Williams by 148.3% during the 4th quarter. Twinbeech Capital LP now owns 210,109 shares of the specialty chemicals company's stock worth $71,422,000 after purchasing an additional 125,496 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SHW. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a report on Friday, January 31st. UBS Group lowered their price target on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Royal Bank of Canada upped their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Berenberg Bank upgraded Sherwin-Williams from a "hold" rating to a "buy" rating and upped their price target for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, Citigroup lowered their price target on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus price target of $397.00.

Sherwin-Williams Price Performance

SHW stock opened at $361.92 on Tuesday. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock's 50 day moving average price is $341.84 and its 200 day moving average price is $355.17. The firm has a market cap of $90.70 billion, a P/E ratio of 34.31, a PEG ratio of 2.98 and a beta of 1.25.

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

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

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.

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