Quantbot Technologies LP Has $10.90 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Quantbot Technologies LP lifted its stake in The Sherwin-Williams Company (NYSE:SHW) by 166.0% in the second quarter, HoldingsChannel.com reports. The firm owned 36,533 shares of the specialty chemicals company’s stock after purchasing an additional 22,797 shares during the quarter. Sherwin-Williams comprises 0.5% of Quantbot Technologies LP’s investment portfolio, making the stock its 12th largest position. Quantbot Technologies LP’s holdings in Sherwin-Williams were worth $10,903,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Conning Inc. raised its position in shares of Sherwin-Williams by 1.9% during the second quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock worth $479,000 after acquiring an additional 30 shares during the last quarter. Oxbow Advisors LLC increased its position in Sherwin-Williams by 4.5% in the second quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 30 shares during the period. Global X Japan Co. Ltd. raised its holdings in Sherwin-Williams by 2.2% during the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock worth $419,000 after purchasing an additional 30 shares during the last quarter. Optas LLC lifted its position in Sherwin-Williams by 1.3% during the 2nd quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after purchasing an additional 32 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Sherwin-Williams by 2.9% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on SHW. Robert W. Baird increased their price objective on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Wells Fargo & Company raised their price target on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Morgan Stanley upped their price objective on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Jefferies Financial Group raised their target price on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Barclays boosted their target price on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $362.68.

Sherwin-Williams Price Performance

SHW stock opened at $375.40 on Monday. The stock has a 50-day moving average price of $346.75 and a two-hundred day moving average price of $326.70. The Sherwin-Williams Company has a 1 year low of $232.06 and a 1 year high of $378.86. The stock has a market cap of $94.70 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.17. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $3.29 earnings per share. Equities analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

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.