Magnetar Financial LLC Boosts Position in The Sherwin-Williams Company (NYSE:SHW)

Magnetar Financial LLC lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,556 shares of the specialty chemicals company's stock after buying an additional 1,975 shares during the period. Magnetar Financial LLC's holdings in Sherwin-Williams were worth $5,628,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Legacy Capital Wealth Partners LLC increased its holdings in shares of 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 valued at $350,000 after purchasing an additional 29 shares during the period. Apella Capital LLC increased its holdings in Sherwin-Williams by 2.1% in the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock worth $498,000 after buying an additional 30 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in Sherwin-Williams by 0.8% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock worth $1,272,000 after buying an additional 30 shares during the last quarter. IMS Capital Management lifted its stake 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 valued at $437,000 after acquiring an additional 30 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in shares of Sherwin-Williams by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 7,428 shares of the specialty chemicals company's stock valued at $2,835,000 after acquiring an additional 31 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

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Sherwin-Williams Price Performance

Shares of SHW stock traded up $8.49 on Monday, reaching $342.90. 1,847,668 shares of the company were exchanged, compared to its average volume of 1,633,860. The company has a market cap of $86.24 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 2.98 and a beta of 1.23. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The business has a 50-day moving average price of $354.10 and a 200 day moving average price of $364.49. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate 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 last year, the company posted $1.81 earnings per share. Equities research analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.79 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a yield of 0.92%. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup reissued a "buy" rating and set a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Royal Bank of Canada decreased their price objective on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Finally, Morgan Stanley lowered their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $401.13.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

About Sherwin-Williams

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.