Woodline Partners LP Invests $4.73 Million in The Sherwin-Williams Company (NYSE:SHW)

Woodline Partners LP acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund 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. Midwest Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $36,000. WR Wealth Planners LLC grew its position in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock valued at $40,000 after purchasing an additional 35 shares in the last quarter. Finally, AlphaMark Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $41,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Up 1.9%

NYSE:SHW traded up $6.78 during trading hours on Tuesday, hitting $359.29. The company's stock had a trading volume of 1,260,200 shares, compared to its average volume of 1,762,513. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. 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 stock has a market capitalization of $90.04 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The stock has a fifty day moving average of $343.35 and a 200-day moving average of $354.25.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly 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. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The company had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. During the same period last year, the firm earned $2.17 earnings per share. Sherwin-Williams's quarterly revenue was down 1.1% on a year-over-year basis. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SHW has been the topic of a number of recent analyst reports. Barclays decreased their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Royal Bank of Canada upped their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. UBS Group decreased their price objective on Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Morgan Stanley decreased their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $397.00.

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.