Candlestick Capital Management LP Decreases Stake in The Sherwin-Williams Company (NYSE:SHW)

Candlestick Capital Management LP lessened its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 26.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,119 shares of the specialty chemicals company's stock after selling 49,673 shares during the quarter. Sherwin-Williams accounts for about 1.1% of Candlestick Capital Management LP's investment portfolio, making the stock its 27th largest position. Candlestick Capital Management LP owned 0.06% of Sherwin-Williams worth $47,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Midwest Capital Advisors LLC bought a new position in Sherwin-Williams in the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $28,000. Sierra Ocean LLC bought a new position in shares of Sherwin-Williams during the fourth quarter worth $36,000. WR Wealth Planners LLC increased its position in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after buying an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth $41,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Up 0.2 %

Shares of SHW traded up $0.54 during trading hours on Thursday, hitting $353.46. The company had a trading volume of 1,446,950 shares, compared to its average volume of 1,768,539. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The stock has a market capitalization of $88.90 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 2.98 and a beta of 1.26. The firm has a fifty day moving average price of $341.90 and a 200-day moving average price of $356.74. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.17 earnings per share. On average, equities research analysts forecast that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors 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 of this dividend is Friday, May 16th. Sherwin-Williams's payout ratio is currently 29.95%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group dropped their target price on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 price objective (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a research report on Friday, January 31st. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $350.00 to $420.00 in a report on Wednesday. Finally, Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by 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.