Quadcap Wealth Management LLC Has $878,000 Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Quadcap Wealth Management LLC trimmed its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,582 shares of the specialty chemicals company’s stock after selling 33 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Sherwin-Williams were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in shares of Sherwin-Williams by 20.4% during the fourth quarter. Quantinno Capital Management LP now owns 38,509 shares of the specialty chemicals company’s stock valued at $13,090,000 after purchasing an additional 6,521 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of Sherwin-Williams by 2.6% during the fourth quarter. Pathstone Holdings LLC now owns 32,476 shares of the specialty chemicals company’s stock worth $11,040,000 after acquiring an additional 815 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter worth about $1,163,000. Nissay Asset Management Corp Japan ADV raised its position in shares of Sherwin-Williams by 0.5% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 64,479 shares of the specialty chemicals company’s stock worth $22,135,000 after acquiring an additional 327 shares during the last quarter. Finally, Nomura Holdings Inc. raised its position in shares of Sherwin-Williams by 1,322.2% during the fourth quarter. Nomura Holdings Inc. now owns 51,868 shares of the specialty chemicals company’s stock worth $17,631,000 after acquiring an additional 48,221 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHW. Royal Bank of Canada raised their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Wells Fargo & Company upgraded Sherwin-Williams from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $397.00.

Sherwin-Williams Trading Up 2.9%

NYSE SHW opened at $361.45 on Friday. The company has a market cap of $90.58 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The business has a 50 day moving average price of $341.42 and a 200-day moving average price of $355.21. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.17 earnings per share. As a group, equities 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 announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.87%. Sherwin-Williams’s payout ratio is 29.87%.

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.