11 Capital Partners LP Has $9.06 Million Stock Holdings in The Sherwin-Williams Company $SHW

Key Points

• 11 Capital Partners LP cut its stake in Sherwin-Williams by 28.7% in Q3 and now holds 26,174 shares valued at $9.063 million, making SHW its 20th-largest holding (2.6% of the fund).
• Sherwin-Williams beat quarterly EPS estimates ($2.23 vs. $2.16) with revenue up 5.6% year-over-year and boosted its quarterly dividend to $0.80 (annualized $3.20, ~1.0% yield).
• Major institutions are increasing exposure—Norges Bank opened a roughly $1.30 billion stake while Viking Global, Amundi, JPMorgan and DZ BANK significantly raised positions; institutional ownership totals 77.67%.

11 Capital Partners LP reduced its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 28.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,174 shares of the specialty chemicals company's stock after selling 10,540 shares during the quarter. Sherwin-Williams accounts for 2.6% of 11 Capital Partners LP's holdings, making the stock its 20th biggest holding. 11 Capital Partners LP's holdings in Sherwin-Williams were worth $9,063,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth approximately $1,296,565,000. Viking Global Investors LP boosted its stake in Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company's stock valued at $672,213,000 after buying an additional 985,520 shares in the last quarter. Amundi lifted its holdings in shares of Sherwin-Williams by 55.8% in the second quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company's stock worth $587,047,000 after acquiring an additional 596,657 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sherwin-Williams by 22.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company's stock valued at $1,043,595,000 after purchasing an additional 553,275 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Sherwin-Williams by 9.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company's stock valued at $1,334,918,000 after purchasing an additional 351,453 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Trading Down 1.6%

NYSE SHW opened at $317.67 on Friday. The stock has a market capitalization of $78.58 billion, a P/E ratio of 30.93, a P/E/G ratio of 2.79 and a beta of 1.25. The business has a 50 day simple moving average of $352.25 and a 200 day simple moving average of $344.86. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company's revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.09 earnings per share. Research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.80 per share. This is a boost from Sherwin-Williams's previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams's payout ratio is currently 31.16%.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,976 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares of the company's stock, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president directly owned 10,045 shares of the company's stock, valued at $3,661,101.15. This trade represents a 20.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SHW shares. Mizuho upped their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 17th. UBS Group set a $420.00 price objective on Sherwin-Williams in a report on Friday, January 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the company an "outperform" rating in a research report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a "buy" rating to a "hold" rating and set a $380.00 price objective for the company. in a research note on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $388.21.

About Sherwin-Williams

Sherwin-Williams NYSE: SHW is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.