Dilation Capital Management LP Purchases New Position in The Sherwin-Williams Company (NYSE:SHW)

Dilation Capital Management LP bought a new stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,051 shares of the specialty chemicals company's stock, valued at approximately $4,436,000. Sherwin-Williams comprises 4.1% of Dilation Capital Management LP's investment portfolio, making the stock its 12th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC purchased a new position in Sherwin-Williams during the 4th quarter worth $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $36,000. WR Wealth Planners LLC raised its position in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SHW. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a research report on Friday, January 31st. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price target (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Mizuho set a $395.00 price target on Sherwin-Williams in a research note on Tuesday, April 15th. Citigroup cut their price target on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group cut their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $392.50.

Insider Buying and Selling

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 stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Sherwin-Williams Stock Down 3.2 %

Shares of NYSE SHW opened at $322.77 on Tuesday. The stock has a fifty day moving average price of $344.13 and a 200 day moving average price of $358.32. The company has a market cap of $81.18 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. 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 - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping 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 posted $1.81 earnings per share. Research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.95%.

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.

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