Polar Asset Management Partners Inc. Acquires 47,666 Shares of The Sherwin-Williams Company (NYSE:SHW)

Polar Asset Management Partners Inc. increased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 347.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,366 shares of the specialty chemicals company's stock after buying 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 (SEC).

Several other institutional investors have also added to or reduced their stakes in SHW. Capital Investment Advisors LLC boosted its position in shares of Sherwin-Williams by 5.6% during the fourth quarter. Capital Investment Advisors LLC now owns 737 shares of the specialty chemicals company's stock valued at $251,000 after buying an additional 39 shares during the last quarter. Wedmont Private Capital lifted its position in Sherwin-Williams by 9.5% during the fourth quarter. Wedmont Private Capital now owns 2,843 shares of the specialty chemicals company's stock valued at $938,000 after purchasing an additional 246 shares during the last quarter. Signal Advisors Wealth LLC increased its position in shares of Sherwin-Williams by 6.4% during the 4th quarter. Signal Advisors Wealth LLC now owns 2,134 shares of the specialty chemicals company's stock valued at $725,000 after purchasing an additional 128 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in Sherwin-Williams by 7.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 438 shares of the specialty chemicals company's stock worth $149,000 after purchasing an additional 31 shares during the period. Finally, Community Trust & Investment Co. grew its position in Sherwin-Williams by 3.4% during the 4th quarter. Community Trust & Investment Co. now owns 9,319 shares of the specialty chemicals company's stock worth $3,168,000 after acquiring an additional 305 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. The trade was a 34.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Trading Down 1.4%

Shares of SHW opened at $350.99 on Thursday. The Sherwin-Williams Company has a 12-month low of $282.09 and a 12-month high of $400.42. The firm has a market capitalization of $87.96 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock's fifty day simple moving average is $341.35 and its 200-day simple moving average is $355.22.

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

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, May 16th. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Analysts Set New Price Targets

SHW has been the subject of several research reports. Royal Bank of Canada increased their target price on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Citigroup reduced their price target on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Mizuho set a $395.00 price objective on Sherwin-Williams in a research report on Tuesday, April 15th. Finally, Morgan Stanley dropped their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $397.00.

About Sherwin-Williams

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.

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