Aquatic Capital Management LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

Aquatic Capital Management LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,652 shares of the specialty chemicals company's stock, valued at approximately $3,961,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $1,359,747,000. Capital Research Global Investors grew its stake in Sherwin-Williams by 47.1% during the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after acquiring an additional 960,724 shares in the last quarter. Barclays PLC boosted its holdings in shares of Sherwin-Williams by 54.2% during the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock worth $704,855,000 after purchasing an additional 728,798 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $230,829,000. Finally, Proficio Capital Partners LLC increased its holdings in shares of Sherwin-Williams by 41,520.8% in the fourth quarter. Proficio Capital Partners LLC now owns 479,472 shares of the specialty chemicals company's stock valued at $162,987,000 after purchasing an additional 478,320 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Royal Bank of Canada increased their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday. Barclays lowered their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Citigroup lowered 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. Finally, Morgan Stanley lowered their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $397.00.

Sherwin-Williams Stock Up 0.2 %

NYSE:SHW traded up $0.54 during midday trading on Thursday, reaching $353.46. The company had a trading volume of 1,446,950 shares, compared to its average volume of 1,768,539. The firm has a market capitalization of $88.90 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 2.98 and a beta of 1.26. The stock's fifty day simple moving average is $341.90 and its 200-day simple moving average is $356.74. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during 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%. Sherwin-Williams's revenue was down 1.1% compared to the same quarter last year. During the same period last year, the business posted $2.17 earnings per share. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

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 issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is 29.95%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams 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 directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.