Bancreek Capital Management LP Has $4.31 Million Stake in The Sherwin-Williams Company (NYSE:SHW)

Bancreek Capital Management LP lowered its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,333 shares of the specialty chemicals company's stock after selling 3,647 shares during the quarter. Sherwin-Williams comprises about 6.4% of Bancreek Capital Management LP's portfolio, making the stock its 11th biggest holding. Bancreek Capital Management LP's holdings in Sherwin-Williams were worth $4,307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams in the fourth quarter worth about $27,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams in the first quarter worth about $27,000. Lee Danner & Bass Inc. bought a new stake in Sherwin-Williams in the fourth quarter worth about $28,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Sherwin-Williams in the first quarter worth about $30,000. Finally, HWG Holdings LP bought a new stake in Sherwin-Williams in the first quarter worth about $46,000. Institutional investors and hedge funds own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Royal Bank Of Canada boosted their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. UBS Group dropped their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Finally, Barclays dropped their price target on shares of 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average price target of $391.31.

Sherwin-Williams Trading Down 0.7%

NYSE SHW traded down $2.36 on Thursday, hitting $350.16. 1,088,732 shares of the company were exchanged, compared to its average volume of 1,716,156. The company's 50 day moving average price is $350.84 and its 200-day moving average price is $347.99. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The firm has a market capitalization of $87.75 billion, a P/E ratio of 33.10, a price-to-earnings-growth ratio of 3.17 and a beta of 1.18. The Sherwin-Williams Company has a twelve month low of $294.32 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. The company 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 71.86% and a net margin of 11.63%. The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.17 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.90%. Sherwin-Williams's dividend payout ratio is 29.87%.

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.