Bluegrass Capital Partners LP Sells 9,500 Shares of The Sherwin-Williams Company (NYSE:SHW)

Bluegrass Capital Partners LP cut its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 44.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,000 shares of the specialty chemicals company's stock after selling 9,500 shares during the period. Sherwin-Williams makes up approximately 3.6% of Bluegrass Capital Partners LP's investment portfolio, making the stock its 11th largest position. Bluegrass Capital Partners LP's holdings in Sherwin-Williams were worth $4,079,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SHW. Midwest Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at $26,000. First Personal Financial Services bought a new position in Sherwin-Williams in the third quarter valued at about $29,000. FSA Wealth Management LLC bought a new position in shares of Sherwin-Williams in the third quarter worth about $32,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP acquired a new position in Sherwin-Williams during the 3rd quarter worth approximately $38,000. Institutional investors own 77.67% of the company's stock.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction on Thursday, February 27th. The shares were 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. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.60% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SHW. Royal Bank of Canada lowered their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Mizuho dropped their price target on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and raised their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, StockNews.com cut Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average target price of $401.13.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $2.19 during trading hours on Wednesday, reaching $350.83. 617,194 shares of the stock traded hands, compared to its average volume of 1,608,035. The company has a market capitalization of $88.24 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company's 50-day simple moving average is $353.36 and its two-hundred day simple moving average is $365.96. 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 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period in the previous year, the business posted $1.81 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.90%. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date is Monday, March 3rd. Sherwin-Williams's dividend payout ratio (DPR) 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.