Trexquant Investment LP Sells 30,430 Shares of The Sherwin-Williams Company (NYSE:SHW)

Trexquant Investment LP lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 78.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,489 shares of the specialty chemicals company's stock after selling 30,430 shares during the period. Trexquant Investment LP's holdings in Sherwin-Williams were worth $2,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Sherwin-Williams by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company's stock valued at $7,422,932,000 after buying an additional 138,170 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Sherwin-Williams by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company's stock valued at $1,636,679,000 after acquiring an additional 96,571 shares in the last quarter. Alliancebernstein L.P. increased its position in Sherwin-Williams by 2.0% during the fourth quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company's stock worth $1,467,138,000 after acquiring an additional 86,268 shares during the period. Norges Bank bought a new position in Sherwin-Williams during the fourth quarter worth about $1,359,747,000. Finally, Alphinity Investment Management Pty Ltd raised its stake in Sherwin-Williams by 5.6% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company's stock worth $738,261,000 after purchasing an additional 114,591 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

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Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent research reports. Barclays lowered their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley reduced their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Citigroup decreased their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday. Wells Fargo & Company reduced their price target on Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, UBS Group cut their target price on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $393.31.

Sherwin-Williams Stock Up 2.2 %

SHW traded up $7.20 during mid-day trading on Friday, reaching $337.11. 2,032,653 shares of the stock were exchanged, compared to its average volume of 1,781,910. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock has a market capitalization of $84.79 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.98 and a beta of 1.26. The company has a 50 day moving average price of $347.47 and a two-hundred day moving average price of $360.37.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the firm posted $1.81 EPS. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio is 29.95%.

Sherwin-Williams Company 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.