Quantbot Technologies LP Purchases Shares of 13,736 The Sherwin-Williams Company (NYSE:SHW)

Quantbot Technologies LP acquired a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,736 shares of the specialty chemicals company’s stock, valued at approximately $4,771,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SHW. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Sherwin-Williams during the 4th quarter worth about $38,444,000. AIA Group Ltd grew its stake in shares of Sherwin-Williams by 20.8% during the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after purchasing an additional 2,810 shares during the last quarter. Simplicity Solutions LLC increased its holdings in shares of Sherwin-Williams by 182.2% in the fourth quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock valued at $3,337,000 after purchasing an additional 6,909 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Sherwin-Williams by 5.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock worth $77,510,000 after purchasing an additional 13,984 shares during the last quarter. Finally, Waterloo Capital L.P. acquired a new position in Sherwin-Williams during the 4th quarter worth $360,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 1.4 %

SHW traded up $4.40 during trading on Friday, reaching $318.37. The company had a trading volume of 1,491,925 shares, compared to its average volume of 1,574,988. The business’s fifty day moving average price is $304.27 and its 200 day moving average price is $312.93. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $348.37. The company has a market cap of $80.72 billion, a P/E ratio of 33.94, a PEG ratio of 2.46 and a beta of 1.16.

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

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Mizuho lowered their target price on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. BMO Capital Markets cut their target price on shares of Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. UBS Group lowered their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Finally, StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $340.65.

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.