The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Brant Point Investment Management LLC

Brant Point Investment Management LLC raised its holdings in The Sherwin-Williams Company (NYSE:SHW) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,983 shares of the specialty chemicals company’s stock after acquiring an additional 133 shares during the quarter. Sherwin-Williams accounts for about 0.8% of Brant Point Investment Management LLC’s holdings, making the stock its 17th biggest position. Brant Point Investment Management LLC’s holdings in Sherwin-Williams were worth $6,793,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SHW. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter valued at $28,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth about $36,000. WR Wealth Planners LLC increased its holdings in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in Sherwin-Williams during the fourth quarter worth about $41,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHW has been the subject of several research reports. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research report on Friday, January 31st. Jefferies Financial Group restated a “hold” rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. UBS Group cut their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price target for the stock from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and a consensus target price of $392.50.

Sherwin-Williams Price Performance

SHW opened at $333.03 on Friday. The company has a 50 day moving average of $345.34 and a two-hundred day moving average of $359.22. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The company has a market cap of $83.76 billion, a P/E ratio of 31.57, a P/E/G ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 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 last year, the firm earned $1.81 EPS. On average, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.79 dividend. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.