Polar Asset Management Partners Inc. Sells 4,700 Shares of The Sherwin-Williams Company (NYSE:SHW)

Polar Asset Management Partners Inc. cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 25.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,700 shares of the specialty chemicals company's stock after selling 4,700 shares during the period. Polar Asset Management Partners Inc.'s holdings in Sherwin-Williams were worth $5,229,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Valued Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 32 shares in the last quarter. First Personal Financial Services acquired a new stake in Sherwin-Williams during the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC bought a new stake in Sherwin-Williams during the 3rd quarter worth approximately $32,000. GHP Investment Advisors Inc. increased its position in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after acquiring an additional 28 shares during the period. Finally, HHM Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock valued at $27,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Down 1.7 %

Sherwin-Williams stock traded down $6.83 during midday trading on Thursday, reaching $385.24. The stock had a trading volume of 1,388,283 shares, compared to its average volume of 1,641,104. The company has a fifty day moving average price of $379.74 and a two-hundred day moving average price of $349.03. The company has a market capitalization of $97.02 billion, a P/E ratio of 38.37, a PEG ratio of 3.19 and a beta of 1.19. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data 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 net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm earned $3.20 EPS. The company's revenue was up .7% compared to the same quarter last year. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, November 15th. Sherwin-Williams's dividend payout ratio (DPR) is 28.49%.

Insider Activity

In other news, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares of the company's stock, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. StockNews.com downgraded Sherwin-Williams from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Royal Bank of Canada decreased their price target on Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price objective on Sherwin-Williams from $350.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 15th. Barclays increased their target price on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Finally, KeyCorp restated a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.