Interval Partners LP Cuts Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Interval Partners LP lessened its holdings in The Sherwin-Williams Company (NYSE:SHW) by 43.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,103 shares of the specialty chemicals company’s stock after selling 25,593 shares during the quarter. Interval Partners LP’s holdings in Sherwin-Williams were worth $11,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gen Wealth Partners Inc grew its holdings in Sherwin-Williams by 134.0% during the fourth quarter. Gen Wealth Partners Inc now owns 5,218 shares of the specialty chemicals company’s stock worth $1,774,000 after acquiring an additional 2,988 shares during the period. Graham Capital Management L.P. boosted its position in shares of Sherwin-Williams by 288.9% during the 4th quarter. Graham Capital Management L.P. now owns 10,500 shares of the specialty chemicals company’s stock worth $3,569,000 after purchasing an additional 7,800 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Sherwin-Williams by 42.8% during the 4th quarter. Focus Partners Wealth now owns 31,020 shares of the specialty chemicals company’s stock worth $11,006,000 after purchasing an additional 9,291 shares during the period. Ethic Inc. increased its holdings in shares of Sherwin-Williams by 20.0% in the 4th quarter. Ethic Inc. now owns 23,125 shares of the specialty chemicals company’s stock valued at $7,861,000 after purchasing an additional 3,857 shares in the last quarter. Finally, Fiduciary Trust Co lifted its stake in shares of Sherwin-Williams by 1.1% in the fourth quarter. Fiduciary Trust Co now owns 6,045 shares of the specialty chemicals company’s stock valued at $2,055,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the subject of a number of research analyst reports. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a report on Friday, January 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and boosted their target price for the stock from $321.00 to $420.00 in a research report on Friday, January 24th. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Finally, Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $397.00.

Sherwin-Williams Stock Performance

Shares of SHW opened at $351.84 on Friday. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company’s 50 day simple moving average is $341.81 and its 200 day simple moving average is $355.31. The company has a market capitalization of $88.17 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 2.98 and a beta of 1.25. 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) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 EPS. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 29.87%.

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.