Quantbot Technologies LP Has $858,000 Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Quantbot Technologies LP lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 93.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,248 shares of the specialty chemicals company’s stock after selling 34,285 shares during the quarter. Quantbot Technologies LP’s holdings in Sherwin-Williams were worth $858,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV grew its position in Sherwin-Williams by 13.0% in the third quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company’s stock valued at $694,000 after purchasing an additional 209 shares in the last quarter. Tamar Securities LLC increased its position in shares of Sherwin-Williams by 3.4% in the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company’s stock valued at $18,608,000 after acquiring an additional 1,604 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after acquiring an additional 193 shares in the last quarter. Swedbank AB boosted its position in Sherwin-Williams by 4.2% during the third quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock valued at $44,676,000 after purchasing an additional 4,681 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Sherwin-Williams by 4.3% in the third quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after purchasing an additional 4,074 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was 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 $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Stock Up 0.9 %

NYSE SHW opened at $397.40 on Monday. The company has a market cap of $100.09 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 3.20 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $272.34 and a 1-year high of $400.42. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The company has a 50 day moving average of $378.94 and a 200-day moving average of $347.31.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. On average, equities research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced 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. This represents a $2.86 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is presently 28.49%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent analyst reports. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Morgan Stanley raised their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Citigroup lowered their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Robert W. Baird raised their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $396.47.

Sherwin-Williams 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.