The Sherwin-Williams Company (NYSE:SHW) is 11 Capital Partners LP's 10th Largest Position

11 Capital Partners LP lowered its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 30.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,678 shares of the specialty chemicals company's stock after selling 15,300 shares during the quarter. Sherwin-Williams makes up 4.9% of 11 Capital Partners LP's investment portfolio, making the stock its 10th largest position. 11 Capital Partners LP's holdings in Sherwin-Williams were worth $12,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth $28,000. Sierra Ocean LLC purchased a new position in Sherwin-Williams during the fourth quarter worth about $36,000. WR Wealth Planners LLC increased its stake in Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after acquiring an additional 35 shares during the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 77.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SHW shares. Royal Bank of Canada raised their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Mizuho set a $395.00 target price on Sherwin-Williams in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Five investment 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, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded up $6.10 during trading on Friday, reaching $359.74. The company had a trading volume of 1,398,615 shares, compared to its average volume of 1,768,049. The firm has a market capitalization of $90.48 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm's 50-day simple moving average is $342.22 and its 200 day simple moving average is $356.33. The Sherwin-Williams Company has a 52 week low of $282.09 and a 52 week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate 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 last year, the company earned $2.17 earnings per share. Sell-side analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. Sherwin-Williams's payout ratio is presently 29.87%.

Insider Buying and Selling at Sherwin-Williams

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

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.