Quantinno Capital Management LP Has $13.09 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Quantinno Capital Management LP increased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,509 shares of the specialty chemicals company's stock after acquiring an additional 6,521 shares during the period. Quantinno Capital Management LP's holdings in Sherwin-Williams were worth $13,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $28,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $36,000. WR Wealth Planners LLC raised 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 purchasing an additional 35 shares during the period. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $41,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SHW. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Jefferies Financial Group restated a "hold" rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their price target for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research note on Friday, January 31st. 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, the company has a consensus rating of "Moderate Buy" and an average price target of $397.00.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $1.77 during mid-day trading on Friday, reaching $363.22. The company's stock had a trading volume of 892,926 shares, compared to its average volume of 1,764,457. The firm has a market cap of $91.02 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.98 and a beta of 1.25. The business has a 50 day moving average price of $341.61 and a 200-day moving average price of $355.17. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42.

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

Sherwin-Williams Announces Dividend

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

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.