Y Intercept Hong Kong Ltd Reduces Position in The Sherwin-Williams Company (NYSE:SHW)

Y Intercept Hong Kong Ltd reduced its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 62.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,137 shares of the specialty chemicals company's stock after selling 8,714 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Sherwin-Williams were worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHW. Voleon Capital Management LP acquired a new stake in shares of Sherwin-Williams during the fourth quarter valued at $2,011,000. Kingswood Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after acquiring an additional 201 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Sherwin-Williams during the first quarter valued at $306,000. Wealthcare Advisory Partners LLC boosted its stake in shares of Sherwin-Williams by 18.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 882 shares of the specialty chemicals company's stock valued at $308,000 after acquiring an additional 137 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Sherwin-Williams by 19.8% during the first quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company's stock valued at $1,636,000 after acquiring an additional 773 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Down 0.1%

Sherwin-Williams stock traded down $0.34 during trading on Friday, reaching $339.87. 1,867,755 shares of the company's stock were exchanged, compared to its average volume of 1,760,740. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $400.42. The firm has a market cap of $85.17 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 3.25 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.45 and a current ratio of 0.78. The company's 50-day moving average is $348.62 and its two-hundred day moving average is $348.06.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same period last year, the business earned $3.70 earnings per share. The company's revenue for the quarter was up .6% compared to the same quarter last year. On average, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of analyst reports. Bank of America raised their target price on shares of Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research report on Monday, June 23rd. Wells Fargo & Company decreased their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday. Mizuho decreased their target price on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday. Royal Bank Of Canada raised their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley decreased their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus target price of $383.33.

Sherwin-Williams Company 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.