Polar Asset Management Partners Inc. Has $20.86 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Polar Asset Management Partners Inc. lifted its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 347.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,366 shares of the specialty chemicals company's stock after acquiring an additional 47,666 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Sherwin-Williams were worth $20,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC lifted its position in shares of Sherwin-Williams by 80.0% during the 4th quarter. Merit Financial Group LLC now owns 1,177 shares of the specialty chemicals company's stock worth $400,000 after purchasing an additional 523 shares during the last quarter. Secure Asset Management LLC acquired a new position in Sherwin-Williams during the fourth quarter worth $306,000. Veracity Capital LLC bought a new position in Sherwin-Williams during the 4th quarter valued at about $212,000. Brighton Jones LLC boosted its holdings in shares of Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after acquiring an additional 655 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $227,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on 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 transaction, the insider now owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Barclays cut their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley decreased their target price 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. Finally, Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $350.00 to $420.00 in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $397.00.

Sherwin-Williams Stock Down 1.3%

Shares of NYSE SHW traded down $4.60 during mid-day trading on Wednesday, hitting $354.72. The company had a trading volume of 792,169 shares, compared to its average volume of 1,758,743. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm has a 50-day simple moving average of $343.81 and a two-hundred day simple moving average of $354.28. The company has a market capitalization of $88.89 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business's quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.17 earnings per share. On average, equities analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Sherwin-Williams Company 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.