Millennium Management LLC Has $187.33 Million Position in Sherwin-Williams Co (SHW)

Millennium Management LLC increased its position in shares of Sherwin-Williams Co (NYSE:SHW) by 76.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 476,111 shares of the specialty chemicals company’s stock after buying an additional 206,266 shares during the period. Millennium Management LLC’s holdings in Sherwin-Williams were worth $187,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Sherwin-Williams by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 7,104,385 shares of the specialty chemicals company’s stock worth $3,233,988,000 after buying an additional 62,550 shares during the period. Vanguard Group Inc increased its stake in Sherwin-Williams by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 7,104,385 shares of the specialty chemicals company’s stock worth $3,233,988,000 after buying an additional 62,550 shares during the period. BlackRock Inc. grew its holdings in Sherwin-Williams by 0.8% during the 4th quarter. BlackRock Inc. now owns 5,429,226 shares of the specialty chemicals company’s stock worth $2,136,182,000 after acquiring an additional 42,112 shares in the last quarter. Capital World Investors grew its holdings in Sherwin-Williams by 11.5% during the 3rd quarter. Capital World Investors now owns 3,489,339 shares of the specialty chemicals company’s stock worth $1,588,382,000 after acquiring an additional 359,552 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in Sherwin-Williams by 1.6% during the 4th quarter. Fiera Capital Corp now owns 1,402,576 shares of the specialty chemicals company’s stock worth $551,858,000 after acquiring an additional 22,248 shares in the last quarter. 77.68% of the stock is currently owned by hedge funds and other institutional investors.

SHW has been the subject of several recent analyst reports. KeyCorp decreased their price objective on shares of Sherwin-Williams from $500.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, January 16th. Barclays reissued a “hold” rating and set a $440.00 price objective on shares of Sherwin-Williams in a report on Sunday, February 3rd. Wells Fargo & Co raised shares of Sherwin-Williams from a “market perform” rating to an “outperform” rating and set a $475.00 price objective for the company in a report on Monday, January 14th. JPMorgan Chase & Co. raised shares of Sherwin-Williams from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $380.00 to $415.00 in a report on Monday, December 17th. Finally, Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $464.29.



In other news, insider Joel D. Baxter sold 7,621 shares of Sherwin-Williams stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $439.15, for a total value of $3,346,762.15. Following the completion of the transaction, the insider now directly owns 10,308 shares of the company’s stock, valued at approximately $4,526,758.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Allen J. Mistysyn sold 2,874 shares of Sherwin-Williams stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $433.90, for a total transaction of $1,247,028.60. Following the completion of the transaction, the senior vice president now directly owns 10,599 shares of the company’s stock, valued at $4,598,906.10. The disclosure for this sale can be found here. Insiders sold a total of 11,839 shares of company stock valued at $5,186,817 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Shares of NYSE SHW traded up $1.86 during midday trading on Monday, hitting $422.58. The company’s stock had a trading volume of 3,600 shares, compared to its average volume of 636,547. Sherwin-Williams Co has a 1-year low of $355.28 and a 1-year high of $479.64. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.59 and a current ratio of 1.01. The firm has a market capitalization of $38.99 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.27.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.02). Sherwin-Williams had a net margin of 6.32% and a return on equity of 46.48%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the firm posted $3.16 earnings per share. Equities analysts forecast that Sherwin-Williams Co will post 21.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Monday, February 25th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 22nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.86. This represents a $4.52 annualized dividend and a dividend yield of 1.07%. Sherwin-Williams’s payout ratio is 24.39%.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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