Point72 Hong Kong Ltd Decreases Holdings in The Sherwin-Williams Company (NYSE:SHW)

Point72 Hong Kong Ltd cut its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 71.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of SHW. Midwest Capital Advisors LLC purchased a new position in Sherwin-Williams during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams in the 4th quarter valued at approximately $28,000. Sierra Ocean LLC acquired a new stake in Sherwin-Williams during the 4th quarter valued at $36,000. WR Wealth Planners LLC increased its position in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Down 1.4%

Shares of Sherwin-Williams stock opened at $350.99 on Thursday. The stock has a 50-day simple moving average of $341.35 and a 200-day simple moving average of $355.22. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The firm has a market cap of $87.96 billion, a price-to-earnings ratio of 33.27, 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 current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. Sherwin-Williams’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.17 EPS. On average, equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, May 16th. Sherwin-Williams’s dividend payout ratio is 29.87%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SHW. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Barclays cut 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. UBS Group lowered their price objective on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Finally, Berenberg Bank upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Five research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $397.00.

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.