Woodline Partners LP Makes New Investment in The Sherwin-Williams Company (NYSE:SHW)

Woodline Partners LP acquired a new position in The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,915 shares of the specialty chemicals company's stock, valued at approximately $4,730,000.

Other large investors also recently bought and sold shares of the company. Voleon Capital Management LP bought a new stake in Sherwin-Williams in the 4th quarter worth about $2,011,000. Merit Financial Group LLC grew its stake 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 valued at $400,000 after purchasing an additional 523 shares during the period. Kerusso Capital Management LLC grew its stake in shares of Sherwin-Williams by 75.9% during the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company's stock valued at $3,498,000 after purchasing an additional 4,439 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at about $169,000. Finally, Jamison Private Wealth Management Inc. grew its stake in shares of Sherwin-Williams by 58.5% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 3,307 shares of the specialty chemicals company's stock valued at $1,124,000 after purchasing an additional 1,220 shares during the period. 77.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SHW has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Citigroup lowered their price target on Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group reissued a "hold" rating and issued a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Mizuho set a $395.00 price target on Sherwin-Williams in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Five 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. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average price target of $397.00.

Sherwin-Williams Trading Down 0.2%

Shares of NYSE SHW traded down $0.55 during trading hours on Thursday, hitting $354.18. 168,914 shares of the company traded hands, compared to its average volume of 1,752,487. The stock has a market capitalization of $88.76 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. 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 company's 50 day moving average price is $344.22 and its 200 day moving average price is $354.28. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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 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 74.50% and a net margin of 11.61%. Sherwin-Williams's quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.17 EPS. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is 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.