XTX Topco Ltd Sells 7,719 Shares of The Sherwin-Williams Company (NYSE:SHW)

Key Points

• XTX Topco Ltd drastically reduced its stake in Sherwin-Williams by 90.6%, selling 7,719 shares and leaving it with just 804 shares valued at $281,000.
• Non-insider institutional investors currently hold 77.67% of Sherwin-Williams stock, reflecting a trend of increased confidence among several hedge funds.
• Sherwin-Williams reported earnings per share of $3.38 for the recent quarter, falling short of analyst expectations, while announcing a quarterly dividend of $0.79 per share.

XTX Topco Ltd reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 90.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 804 shares of the specialty chemicals company's stock after selling 7,719 shares during the period. XTX Topco Ltd's holdings in Sherwin-Williams were worth $281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Coppell Advisory Solutions LLC boosted its position in Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after buying an additional 30 shares during the period. Opal Wealth Advisors LLC boosted its position in Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after buying an additional 32 shares during the period. YANKCOM Partnership boosted its position in Sherwin-Williams by 8.8% in the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock valued at $147,000 after buying an additional 34 shares during the period. Kornitzer Capital Management Inc. KS lifted its position in shares of Sherwin-Williams by 4.9% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after purchasing an additional 35 shares during the period. Finally, Zhang Financial LLC lifted its position in shares of Sherwin-Williams by 2.2% in the 1st quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock worth $592,000 after purchasing an additional 36 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

SHW has been the subject of several research reports. Bank of America upped their price target 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. Citigroup lowered their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price target 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. UBS Group lowered their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Mizuho lowered their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $383.33.

Sherwin-Williams Trading Up 0.8%

Shares of Sherwin-Williams stock opened at $354.81 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The firm has a market capitalization of $88.47 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 3.33 and a beta of 1.16. The firm's 50 day simple moving average is $345.57 and its two-hundred day simple moving average is $347.77.

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

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.79 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio is presently 31.35%.

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.

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