Bancreek Capital Management LP Has $5.43 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Bancreek Capital Management LP trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,980 shares of the specialty chemicals company's stock after selling 6,707 shares during the period. Sherwin-Williams makes up about 5.3% of Bancreek Capital Management LP's investment portfolio, making the stock its 10th largest holding. Bancreek Capital Management LP's holdings in Sherwin-Williams were worth $5,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC raised its position in Sherwin-Williams by 18.2% in the 3rd quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock worth $2,474,238,000 after buying an additional 999,164 shares during the last quarter. Geode Capital Management LLC grew its position in Sherwin-Williams by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,733,131 shares of the specialty chemicals company's stock worth $1,799,196,000 after purchasing an additional 58,463 shares during the period. Alphinity Investment Management Pty Ltd raised its stake in Sherwin-Williams by 5.6% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,171,802 shares of the specialty chemicals company's stock valued at $738,261,000 after buying an additional 114,591 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sherwin-Williams by 12.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,724,746 shares of the specialty chemicals company's stock valued at $586,293,000 after buying an additional 187,724 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Sherwin-Williams by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,472,073 shares of the specialty chemicals company's stock worth $500,402,000 after buying an additional 50,983 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have issued reports on SHW shares. Citigroup reissued a "buy" rating and issued a $423.00 target price (up from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their price objective for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $401.13.

Insider Activity

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction 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 transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

SHW stock traded up $3.33 during mid-day trading on Wednesday, hitting $344.49. The company had a trading volume of 1,499,179 shares, compared to its average volume of 1,632,712. The company has a market capitalization of $86.64 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.98 and a beta of 1.23. The company has a 50-day moving average price of $354.10 and a 200 day moving average price of $364.35. 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 Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the company posted $1.81 earnings per share. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.79 per share. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, March 3rd. Sherwin-Williams's payout ratio is presently 29.95%.

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.