Bancreek Capital Management LP Sells 6,707 Shares of The Sherwin-Williams Company (NYSE:SHW)

Bancreek Capital Management LP lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 29.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,980 shares of the specialty chemicals company’s stock after selling 6,707 shares during the period. Sherwin-Williams comprises 5.3% of Bancreek Capital Management LP’s portfolio, making the stock its 10th largest holding. Bancreek Capital Management LP’s holdings in Sherwin-Williams were worth $5,432,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Millstone Evans Group LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at approximately $347,000. TD Private Client Wealth LLC lifted its position in shares of Sherwin-Williams by 17.6% in the fourth quarter. TD Private Client Wealth LLC now owns 4,007 shares of the specialty chemicals company’s stock valued at $1,362,000 after acquiring an additional 600 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams during the fourth quarter valued at $28,000. Whittier Trust Co. of Nevada Inc. increased its position in Sherwin-Williams by 42.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 21,949 shares of the specialty chemicals company’s stock worth $7,461,000 after purchasing an additional 6,569 shares in the last quarter. Finally, Holderness Investments Co. increased its position in Sherwin-Williams by 42.1% during the 4th quarter. Holderness Investments Co. now owns 5,066 shares of the specialty chemicals company’s stock worth $1,722,000 after purchasing an additional 1,501 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Price Performance

SHW opened at $334.38 on Friday. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a 50 day moving average of $353.97 and a two-hundred day moving average of $364.59. The company has a market cap of $84.10 billion, a P/E ratio of 31.69, a P/E/G ratio of 2.98 and a beta of 1.23. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the business posted $1.81 earnings per share. On average, analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a yield of 0.95%. Sherwin-Williams’s payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SHW shares. Citigroup reaffirmed a “buy” rating and set a $423.00 price target (up from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. Royal Bank of Canada decreased their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $401.13.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

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.