Magnetar Financial LLC Buys New Shares in The Sherwin-Williams Company $SHW

Key Points

• Magnetar Financial bought a new position of 16,226 shares in The Sherwin‑Williams Company in Q3, valued at about $5.62 million.
• Two insiders recently sold shares (Bryan J. Young sold 2,513 shares; Colin M. Davie sold 2,976), and company insiders now own just 0.60% of the stock.
• Analysts have a consensus "Moderate Buy" with a $388.21 average price target, while Sherwin‑Williams beat quarterly EPS and revenue estimates and raised its quarterly dividend to $0.80 (annualized $3.20, ~1.0% yield).

Magnetar Financial LLC bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,226 shares of the specialty chemicals company's stock, valued at approximately $5,618,000.

A number of other large investors have also recently added to or reduced their stakes in SHW. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams in the 2nd quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 44 shares during the period. Rossby Financial LCC raised its holdings in shares of Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company's stock valued at $33,000 after purchasing an additional 48 shares during the period. Delos Wealth Advisors LLC acquired a new stake in Sherwin-Williams in the 2nd quarter valued at about $36,000. Finally, True Wealth Design LLC lifted its stake in Sherwin-Williams by 129.8% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the specialty chemicals company's stock valued at $37,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Insiders Place Their Bets

In other news, SVP Bryan J. Young sold 2,513 shares of the business's stock in a transaction dated 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 owned 10,045 shares of the company's stock, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Colin M. Davie sold 2,976 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent analyst reports. Zacks Research downgraded Sherwin-Williams from a "hold" rating to a "strong sell" rating in a research report on Friday, January 30th. Citigroup reaffirmed a "buy" rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the stock an "outperform" rating in a report on Friday, January 30th. Finally, Vertical Research raised Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $388.21.

Sherwin-Williams Stock Down 2.4%

Sherwin-Williams stock opened at $322.56 on Thursday. The company's 50-day moving average price is $352.38 and its two-hundred day moving average price is $345.05. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock has a market cap of $79.79 billion, a P/E ratio of 31.41, a P/E/G ratio of 2.86 and a beta of 1.25. The Sherwin-Williams Company has a twelve month low of $308.84 and a twelve month high of $379.65.

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

Sherwin-Williams Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, March 2nd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.79. Sherwin-Williams's dividend payout ratio (DPR) is 31.16%.

Sherwin-Williams Company Profile

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.

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