Schonfeld Strategic Advisors LLC Sells 5,430 Shares of The Sherwin-Williams Company (NYSE:SHW)

Schonfeld Strategic Advisors LLC decreased its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,835 shares of the specialty chemicals company's stock after selling 5,430 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Sherwin-Williams were worth $8,102,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth $26,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter worth $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $36,000. WR Wealth Planners LLC increased its holdings in Sherwin-Williams by 41.7% in 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 last quarter. Finally, AlphaMark Advisors LLC bought a new position in Sherwin-Williams during the fourth quarter worth about $41,000. Institutional investors own 77.67% of the company's stock.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction that occurred 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. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Berenberg Bank upgraded shares of Sherwin-Williams from a "hold" rating to a "buy" rating and increased their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Morgan Stanley cut their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada upped their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday. Barclays reduced their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Finally, Jefferies Financial Group restated a "hold" rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Five 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Stock Up 0.0 %

NYSE:SHW traded up $0.01 on Monday, hitting $359.65. 1,520,041 shares of the company's stock were exchanged, compared to its average volume of 1,766,272. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a 50-day moving average price of $342.22 and a 200-day moving average price of $355.86. The company has a market cap of $90.46 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share 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 during the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the company earned $2.17 earnings per share. The business's revenue was down 1.1% compared to the same quarter last year. As a group, analysts expect that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.88%. 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.