Bancreek Capital Management LP Acquires 2,201 Shares of The Sherwin-Williams Company (NYSE:SHW)

Bancreek Capital Management LP lifted its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,687 shares of the specialty chemicals company's stock after purchasing an additional 2,201 shares during the quarter. Sherwin-Williams accounts for approximately 5.5% of Bancreek Capital Management LP's holdings, making the stock its 10th largest position. Bancreek Capital Management LP's holdings in Sherwin-Williams were worth $8,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SHW. Empowered Funds LLC lifted its position in shares of Sherwin-Williams by 25.5% in the first quarter. Empowered Funds LLC now owns 4,248 shares of the specialty chemicals company's stock worth $1,475,000 after purchasing an additional 863 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Sherwin-Williams by 11.2% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 654 shares of the specialty chemicals company's stock valued at $227,000 after acquiring an additional 66 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Sherwin-Williams by 124.4% in the first quarter. TD Asset Management Inc now owns 213,730 shares of the specialty chemicals company's stock worth $74,235,000 after acquiring an additional 118,503 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Sherwin-Williams by 16.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 303,922 shares of the specialty chemicals company's stock worth $105,561,000 after acquiring an additional 42,744 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in Sherwin-Williams by 22.5% during the first quarter. Lord Abbett & CO. LLC now owns 217,853 shares of the specialty chemicals company's stock valued at $75,667,000 after purchasing an additional 40,056 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded up $3.18 during trading on Wednesday, hitting $386.85. 572,187 shares of the stock were exchanged, compared to its average volume of 1,633,026. The company has a market capitalization of $97.43 billion, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of 3.09 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The Sherwin-Williams Company has a 1-year low of $258.52 and a 1-year high of $392.57. The company's fifty day simple moving average is $375.00 and its 200-day simple moving average is $340.53.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the business earned $3.20 earnings per share. The firm's revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams's dividend payout ratio (DPR) is presently 28.49%.

Insiders Place Their Bets

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHW. Jefferies Financial Group raised their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research note on Monday, August 26th. Royal Bank of Canada reduced their target price on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Citigroup reduced their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Finally, Evercore ISI increased their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $396.47.

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.