Quadrature Capital Ltd Reduces Stake in The Sherwin-Williams Company (NYSE:SHW)

Quadrature Capital Ltd reduced its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 61.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,465 shares of the specialty chemicals company's stock after selling 26,428 shares during the period. Quadrature Capital Ltd's holdings in Sherwin-Williams were worth $6,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Valued Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 32 shares during the period. HHM Wealth Advisors LLC boosted its position in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after buying an additional 45 shares during the period. First Personal Financial Services bought a new position in shares of Sherwin-Williams during the third quarter valued at approximately $29,000. Semmax Financial Advisors Inc. raised its holdings in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 60 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $32,000. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now directly owns 29,205 shares in the company, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Down 0.1 %

Sherwin-Williams stock traded down $0.35 during trading hours on Friday, reaching $384.89. The stock had a trading volume of 1,909,970 shares, compared to its average volume of 1,642,243. The company has a market cap of $96.93 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 3.19 and a beta of 1.19. The business's 50 day moving average price is $379.74 and its 200-day moving average price is $349.03. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.20 EPS. Sell-side analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams's payout ratio is 28.49%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Jefferies Financial Group upped their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a "buy" rating in a research report on Monday, August 26th. BMO Capital Markets upped their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. KeyCorp reiterated a "sector weight" rating on shares of Sherwin-Williams in a report on Monday, October 7th. Wells Fargo & Company upped their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $396.47.

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.