Masterton Capital Management LP Invests $7 Million in The Sherwin-Williams Company (NYSE:SHW)

Masterton Capital Management LP bought a new position in The Sherwin-Williams Company (NYSE:SHW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,600 shares of the specialty chemicals company’s stock, valued at approximately $7,003,000. Sherwin-Williams accounts for 4.0% of Masterton Capital Management LP’s investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors have also recently bought and sold shares of SHW. Norges Bank bought a new position in Sherwin-Williams in the 4th quarter worth approximately $1,359,747,000. Capital Research Global Investors increased its position in Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock worth $1,019,329,000 after purchasing an additional 960,724 shares during the period. Barclays PLC lifted its position in Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company’s stock valued at $704,855,000 after purchasing an additional 728,798 shares during the period. Raymond James Financial Inc. acquired a new position in Sherwin-Williams in the fourth quarter valued at approximately $230,829,000. Finally, Northern Trust Corp lifted its stake in Sherwin-Williams by 28.0% in the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company’s stock valued at $926,590,000 after buying an additional 595,586 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company lowered their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley reduced their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Barclays lowered their price target on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. Finally, Citigroup decreased their price objective on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $392.00.

Sherwin-Williams Trading Up 0.1 %

Shares of SHW stock opened at $331.97 on Tuesday. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company’s fifty day simple moving average is $341.75 and its two-hundred day simple moving average is $356.82. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a market capitalization of $83.49 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 2.98 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (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 earned $1.81 earnings per share. As a group, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio is currently 29.95%.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by company insiders.

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.