Point72 Hong Kong Ltd Sells 24,069 Shares of The Sherwin-Williams Company (NYSE:SHW)

Point72 Hong Kong Ltd lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 71.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,656 shares of the specialty chemicals company's stock after selling 24,069 shares during the quarter. Point72 Hong Kong Ltd's holdings in Sherwin-Williams were worth $3,282,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Voleon Capital Management LP bought a new position in Sherwin-Williams in the 4th quarter valued at about $2,011,000. Merit Financial Group LLC grew its stake in Sherwin-Williams by 80.0% in the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock valued at $400,000 after buying an additional 523 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Sherwin-Williams by 52.6% during the 4th quarter. Park Avenue Securities LLC now owns 6,680 shares of the specialty chemicals company's stock worth $2,271,000 after purchasing an additional 2,303 shares in the last quarter. Burney Co. grew its stake in Sherwin-Williams by 4.6% during the fourth quarter. Burney Co. now owns 17,272 shares of the specialty chemicals company's stock valued at $5,871,000 after acquiring an additional 766 shares in the last quarter. Finally, Kerusso Capital Management LLC increased its holdings in shares of Sherwin-Williams by 75.9% in the fourth quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock worth $3,498,000 after purchasing an additional 4,439 shares during the period. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 completion of the transaction, the insider now directly owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This trade represents a 34.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Up 0.5%

Shares of SHW traded up $1.77 during trading hours on Friday, hitting $363.22. The stock had a trading volume of 892,926 shares, compared to its average volume of 1,764,457. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company's fifty day simple moving average is $341.61 and its 200 day simple moving average is $355.17. The firm has a market cap of $91.02 billion, a P/E ratio of 34.43, a P/E/G ratio of 2.98 and a beta of 1.25. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. Sherwin-Williams's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. Sherwin-Williams's dividend payout ratio is 29.87%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research report on Friday, January 31st. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Morgan Stanley lowered their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada lifted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $397.00.

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.