Thoroughbred Financial Services LLC Sells 236 Shares of The Sherwin-Williams Company (NYSE:SHW)

Thoroughbred Financial Services LLC cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHWFree Report) by 2.8% during the fourth quarter, Holdings Channel reports. The fund owned 8,122 shares of the specialty chemicals company’s stock after selling 236 shares during the period. Thoroughbred Financial Services LLC’s holdings in Sherwin-Williams were worth $2,533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Sherwin-Williams by 16.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after buying an additional 6,639 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $38,444,000. Machina Capital S.A.S. increased its holdings in shares of Sherwin-Williams by 149.0% in the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock valued at $2,473,000 after purchasing an additional 5,801 shares in the last quarter. AIA Group Ltd lifted its holdings in Sherwin-Williams by 20.8% during the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after buying an additional 2,810 shares in the last quarter. Finally, Pearl River Capital LLC bought a new position in Sherwin-Williams in the third quarter valued at about $4,517,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.6 %

Shares of NYSE SHW traded down $1.79 during midday trading on Monday, reaching $310.61. The company’s stock had a trading volume of 480,744 shares, compared to its average volume of 1,463,806. The stock has a 50 day simple moving average of $323.55 and a 200-day simple moving average of $307.38. The company has a current ratio of 0.78, a quick ratio of 0.46 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $78.76 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.51 and a beta of 1.18. The Sherwin-Williams Company has a fifty-two week low of $223.28 and a fifty-two week high of $348.37.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Equities research analysts predict that The Sherwin-Williams Company will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.92%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Analysts Set New Price Targets

Several analysts have weighed in on SHW shares. Evercore ISI boosted their price objective on Sherwin-Williams from $360.00 to $365.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Mizuho reduced their price objective on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Barclays upped their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Finally, Citigroup cut their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $340.56.

Read Our Latest Research Report on SHW

Insiders Place Their Bets

In other news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 in the last 90 days. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHWFree Report).

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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