The Sherwin-Williams Company $SHW Shares Sold by CenterBook Partners LP

CenterBook Partners LP cut its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 59.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,089 shares of the specialty chemicals company’s stock after selling 10,272 shares during the period. CenterBook Partners LP’s holdings in Sherwin-Williams were worth $2,455,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Brighton Jones LLC grew its holdings in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after acquiring an additional 655 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after purchasing an additional 626 shares during the period. Avidian Wealth Enterprises LLC increased its stake in Sherwin-Williams by 14.0% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 959 shares of the specialty chemicals company’s stock worth $329,000 after purchasing an additional 118 shares in the last quarter. Brookstone Capital Management raised its holdings in Sherwin-Williams by 2.1% during the 2nd quarter. Brookstone Capital Management now owns 5,450 shares of the specialty chemicals company’s stock worth $1,871,000 after buying an additional 112 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its holdings in Sherwin-Williams by 20.9% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 2,336 shares of the specialty chemicals company’s stock worth $802,000 after buying an additional 404 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 2.2%

Shares of NYSE SHW opened at $357.67 on Friday. The business has a 50 day simple moving average of $346.10 and a 200 day simple moving average of $346.28. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The stock has a market cap of $88.66 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 3.16 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.09 earnings per share. On average, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be given a $0.80 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. Sherwin-Williams’s payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SHW shares. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. UBS Group set a $420.00 target price on Sherwin-Williams in a report on Friday, January 30th. Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Wednesday, January 7th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $387.67.

Insider Activity

In related news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company Profile

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.