Quantinno Capital Management LP Has $90.27 Million Stock Holdings in The Sherwin-Williams Company $SHW

Quantinno Capital Management LP grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 29.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 281,618 shares of the specialty chemicals company’s stock after purchasing an additional 63,606 shares during the period. Quantinno Capital Management LP’s holdings in Sherwin-Williams were worth $90,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHW. Vanguard Group Inc. increased its position in Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares in the last quarter. State Street Corp boosted its holdings in Sherwin-Williams by 2.4% in the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after acquiring an additional 364,832 shares in the last quarter. Geode Capital Management LLC grew its stake in Sherwin-Williams by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after acquiring an additional 37,145 shares during the period. Norges Bank acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $1,089,450,000. Finally, Viking Global Investors LP increased its holdings in shares of Sherwin-Williams by 10.1% during the fourth quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company’s stock valued at $1,027,923,000 after acquiring an additional 291,217 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $327.27 on Tuesday. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $379.65. The company has a 50-day simple moving average of $321.21 and a 200 day simple moving average of $332.13. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The company has a market capitalization of $80.72 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same period in the previous year, the company earned $2.25 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts predict that The Sherwin-Williams Company will post 11.78 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.

Analyst Ratings Changes

SHW has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Berenberg Bank set a $380.00 price objective on shares of Sherwin-Williams in a report on Monday, June 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a report on Wednesday, July 8th. BMO Capital Markets raised their price target on shares of Sherwin-Williams from $355.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Finally, UBS Group lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $385.00 to $330.00 in a report on Tuesday, June 2nd. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $373.92.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.