The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by CenterBook Partners LP

CenterBook Partners LP lifted its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 55.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,015 shares of the specialty chemicals company's stock after purchasing an additional 5,352 shares during the period. CenterBook Partners LP's holdings in Sherwin-Williams were worth $5,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHW. Legacy Capital Wealth Partners LLC lifted its stake in Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after acquiring an additional 29 shares during the period. Apella Capital LLC increased its holdings in shares of Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after acquiring an additional 30 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in shares of Sherwin-Williams by 0.8% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after purchasing an additional 30 shares during the last quarter. IMS Capital Management grew its position in Sherwin-Williams by 2.4% during the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after purchasing an additional 30 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of Sherwin-Williams by 7.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock worth $149,000 after buying an additional 31 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

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Sherwin-Williams Trading Up 0.7 %

Sherwin-Williams stock traded up $2.29 during midday trading on Monday, hitting $339.06. 434,090 shares of the stock were exchanged, compared to its average volume of 1,778,605. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The stock's 50-day simple moving average is $347.47 and its 200 day simple moving average is $360.20. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The stock has a market capitalization of $85.28 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data 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 period in the previous year, the firm earned $1.81 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

Wall Street Analyst Weigh In

SHW has been the topic of several research reports. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. 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 research note on Friday, January 24th. Morgan Stanley reduced their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Finally, Royal Bank of Canada cut their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. Six research 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. According to data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $393.31.

Insiders Place Their Bets

In related news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by 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.