The Sherwin-Williams Company (NYSE:SHW) Holdings Lowered by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lowered its stake in The Sherwin-Williams Company (NYSE:SHW) by 75.8% during the fourth quarter, HoldingsChannel reports. The firm owned 34,524 shares of the specialty chemicals company’s stock after selling 108,021 shares during the period. ExodusPoint Capital Management LP’s holdings in Sherwin-Williams were worth $11,736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SHW. Legacy Capital Wealth Partners LLC raised its holdings in shares of Sherwin-Williams by 2.9% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after acquiring an additional 29 shares during the period. Apella Capital LLC lifted its holdings in shares of Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock valued at $498,000 after purchasing an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in shares of Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after buying an additional 30 shares during the period. IMS Capital Management raised its position in Sherwin-Williams by 2.4% during the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company’s stock valued at $437,000 after buying an additional 30 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its stake in Sherwin-Williams by 7.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company’s stock worth $149,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada lowered their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research note on Friday, January 31st. Finally, Mizuho reduced their price objective on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $398.94.

Sherwin-Williams Price Performance

NYSE SHW opened at $331.91 on Friday. The company has a market cap of $83.48 billion, a P/E ratio of 31.46, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The company has a fifty day simple moving average of $352.24 and a 200 day simple moving average of $362.90.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company earned $1.81 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.79 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams’s payout ratio is 29.95%.

Insider Activity

In related news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by company insiders.

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.