11 Capital Partners LP Boosts Holdings in The Sherwin-Williams Company (NYSE:SHW)

11 Capital Partners LP lifted its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 23.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,878 shares of the specialty chemicals company’s stock after buying an additional 10,747 shares during the quarter. Sherwin-Williams makes up about 0.7% of 11 Capital Partners LP’s investment portfolio, making the stock its 14th largest holding. 11 Capital Partners LP’s holdings in Sherwin-Williams were worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in SHW. Capital World Investors grew its position in shares of Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in Sherwin-Williams by 132.8% in the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after purchasing an additional 917,979 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Sherwin-Williams by 610.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after purchasing an additional 898,143 shares during the period. Jensen Investment Management Inc. acquired a new position in Sherwin-Williams in the second quarter worth $169,770,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Sherwin-Williams by 8,986.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock worth $166,592,000 after purchasing an additional 528,243 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Insider Buying and Selling

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SHW. UBS Group boosted their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Wells Fargo & Company lifted their price objective on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. KeyCorp lifted their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their price target on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.68.

Sherwin-Williams Trading Down 0.3 %

Shares of NYSE SHW opened at $378.52 on Friday. The business has a 50 day simple moving average of $353.82 and a 200 day simple moving average of $328.32. The Sherwin-Williams Company has a 52 week low of $232.06 and a 52 week high of $382.83. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The stock has a market cap of $95.49 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 2.98 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same period in the previous year, the company earned $3.29 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts predict that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.715 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.76%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

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.