The Sherwin-Williams Company (NYSE:SHW) Shares Acquired by Bancreek Capital Management LP

Bancreek Capital Management LP grew its stake in The Sherwin-Williams Company (NYSE:SHW) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,687 shares of the specialty chemicals company’s stock after purchasing an additional 2,201 shares during the quarter. Sherwin-Williams makes up approximately 5.5% of Bancreek Capital Management LP’s investment portfolio, making the stock its 10th largest holding. Bancreek Capital Management LP’s holdings in Sherwin-Williams were worth $8,659,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SHW. Griffin Asset Management Inc. boosted its position in Sherwin-Williams by 0.3% during the 3rd quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock worth $3,548,000 after buying an additional 26 shares during the period. Capital Advisors Ltd. LLC raised its stake in Sherwin-Williams by 2.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock valued at $458,000 after acquiring an additional 28 shares during the period. GHP Investment Advisors Inc. raised its stake in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares during the period. Allworth Financial LP raised its stake in Sherwin-Williams by 1.8% in the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock valued at $595,000 after acquiring an additional 28 shares during the period. Finally, First Interstate Bank increased its position in shares of Sherwin-Williams by 1.9% in the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock worth $560,000 after purchasing an additional 28 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 1.4 %

Shares of Sherwin-Williams stock opened at $383.67 on Wednesday. The business has a 50-day moving average of $374.60 and a 200-day moving average of $339.99. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The company has a market capitalization of $96.63 billion, a PE ratio of 38.21, a P/E/G ratio of 3.14 and a beta of 1.17. The Sherwin-Williams Company has a 1-year low of $252.75 and a 1-year high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the firm posted $3.20 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s payout ratio is 28.49%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SHW. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. BMO Capital Markets lifted their target price on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, Barclays increased their price target on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

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.