Atika Capital Management LLC Cuts Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Atika Capital Management LLC decreased its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 50.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,400 shares of the specialty chemicals company's stock after selling 20,600 shares during the period. Atika Capital Management LLC's holdings in Sherwin-Williams were worth $6,935,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Legacy Capital Wealth Partners LLC grew its holdings in Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock valued at $350,000 after buying an additional 29 shares in the last quarter. Apella Capital LLC grew its stake in 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 lifted its stake in 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 worth $1,272,000 after purchasing an additional 30 shares in the last quarter. IMS Capital Management boosted its holdings in Sherwin-Williams by 2.4% in the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock valued at $437,000 after purchasing an additional 30 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in shares of Sherwin-Williams by 7.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock valued at $149,000 after purchasing an additional 31 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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Sherwin-Williams Trading Up 0.8 %

SHW traded up $2.66 during midday trading on Friday, reaching $332.57. 1,050,105 shares of the company's stock traded hands, compared to its average volume of 1,776,307. The stock has a market capitalization of $83.64 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 2.98 and a beta of 1.26. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42. The firm has a fifty day moving average of $347.88 and a two-hundred day moving average of $360.67. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued 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 quarter in the prior year, the company posted $1.81 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business 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 was Monday, March 3rd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.95%. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

Wall Street Analysts Forecast Growth

SHW has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Jefferies Financial Group reissued 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. Finally, Berenberg Bank raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $393.31.

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 that occurred on 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 sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company's stock.

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.