The Sherwin-Williams Company (NYSE:SHW) Stake Increased by Twinbeech Capital LP

Twinbeech Capital LP boosted its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 148.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 210,109 shares of the specialty chemicals company’s stock after purchasing an additional 125,496 shares during the quarter. Sherwin-Williams comprises about 1.2% of Twinbeech Capital LP’s holdings, making the stock its 4th biggest holding. Twinbeech Capital LP owned 0.08% of Sherwin-Williams worth $71,422,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SHW. Midwest Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $28,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $36,000. WR Wealth Planners LLC boosted its holdings in shares of 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 during the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $41,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SHW shares. UBS Group dropped their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Royal Bank of Canada raised their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. Citigroup dropped their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $397.00.

Sherwin-Williams Price Performance

NYSE SHW opened at $363.22 on Monday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The stock has a market cap of $91.02 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.98 and a beta of 1.25. The company’s 50 day moving average is $341.61 and its two-hundred day moving average is $355.15. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the business earned $2.17 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. As a group, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, May 16th. Sherwin-Williams’s payout ratio is 29.87%.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred 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 sale, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.