The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 89.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,775 shares of the specialty chemicals company's stock after selling 402,707 shares during the period. Two Sigma Investments LP's holdings in Sherwin-Williams were worth $16,240,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at $28,000. Sierra Ocean LLC purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at $36,000. WR Wealth Planners LLC increased its stake in shares of Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares during the period. Finally, AlphaMark Advisors LLC purchased a new position in shares of Sherwin-Williams during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SHW shares. Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday, April 15th. Citigroup dropped their price objective on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. UBS Group dropped their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Barclays dropped their price objective on 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. Finally, Royal Bank of Canada raised their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Price Performance

Shares of SHW traded down $3.12 during trading hours on Wednesday, hitting $356.20. 161,759 shares of the stock were exchanged, compared to its average volume of 1,756,213. 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 Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a market cap of $89.26 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The stock's 50-day moving average price is $343.81 and its two-hundred day moving average price is $354.28.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The company had revenue of $5.31 billion for 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 firm's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.17 earnings per share. Research analysts expect 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, 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 yield of 0.89%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.87%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's 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 approximately $1,933,009.50. The trade was a 34.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate 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.