XTX Topco Ltd Acquires 6,224 Shares of The Sherwin-Williams Company (NYSE:SHW)

XTX Topco Ltd raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 669.2% in the third quarter, Holdings Channel.com reports. The fund owned 7,154 shares of the specialty chemicals company’s stock after acquiring an additional 6,224 shares during the quarter. XTX Topco Ltd’s holdings in Sherwin-Williams were worth $2,730,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SHW. Kingswood Wealth Advisors LLC bought a new position in Sherwin-Williams during the second quarter valued at about $234,000. Csenge Advisory Group raised its stake in shares of Sherwin-Williams by 8.3% in the 2nd quarter. Csenge Advisory Group now owns 994 shares of the specialty chemicals company’s stock valued at $297,000 after acquiring an additional 76 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Sherwin-Williams in the 2nd quarter worth approximately $3,018,000. OLD National Bancorp IN boosted its position in Sherwin-Williams by 14.5% during the second quarter. OLD National Bancorp IN now owns 3,982 shares of the specialty chemicals company’s stock worth $1,188,000 after purchasing an additional 503 shares during the period. Finally, Capital Investment Advisors LLC grew its holdings in Sherwin-Williams by 7.0% during the second quarter. Capital Investment Advisors LLC now owns 731 shares of the specialty chemicals company’s stock valued at $218,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $384.89 on Friday. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The stock has a market cap of $96.93 billion, a P/E ratio of 38.34, a PEG ratio of 3.16 and a beta of 1.19. The company’s 50-day simple moving average is $379.74 and its 200 day simple moving average is $349.03.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the company posted $3.20 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts forecast 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 was paid on Friday, December 6th. Stockholders of record on Friday, November 15th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 15,770 shares of the firm’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 of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The stock was 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 directly 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 corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SHW shares. Barclays upped their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Citigroup decreased their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. BMO Capital Markets lifted their price objective on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Wells Fargo & Company boosted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Robert W. Baird raised their target price on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $396.47.

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.