Voleon Capital Management LP Buys New Shares in The Sherwin-Williams Company (NYSE:SHW)

Voleon Capital Management LP acquired a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,915 shares of the specialty chemicals company's stock, valued at approximately $2,011,000.

A number of other large investors have also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC lifted its holdings in shares of Sherwin-Williams by 2.9% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after acquiring an additional 29 shares during the last quarter. Apella Capital LLC lifted its stake in Sherwin-Williams by 2.1% in the 4th quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after purchasing an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after buying an additional 30 shares in the last quarter. IMS Capital Management grew its stake in shares of Sherwin-Williams by 2.4% during the fourth quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after buying an additional 30 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its holdings in shares of Sherwin-Williams by 2.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after buying an additional 30 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business's 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 completion of the sale, the insider now directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. The trade was 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. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SHW shares. Jefferies Financial Group restated a "hold" rating and set a $380.00 price target (down from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Wells Fargo & Company upgraded shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $350.00 to $420.00 in a research report on Wednesday. Zelman & Associates upgraded Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Citigroup reduced their price objective on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, 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. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $397.00.

Sherwin-Williams Price Performance

Shares of SHW traded up $6.10 during trading hours on Friday, reaching $359.74. 1,398,615 shares of the stock traded hands, compared to its average volume of 1,767,006. The company's 50-day moving average price is $342.22 and its two-hundred day moving average price is $356.10. 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 Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a market cap of $90.48 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The business's revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.17 EPS. On average, analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

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

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.