Interval Partners LP Buys 1,635 Shares of The Sherwin-Williams Company (NYSE:SHW)

Interval Partners LP boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,693 shares of the specialty chemicals company’s stock after acquiring an additional 1,635 shares during the period. Sherwin-Williams makes up approximately 0.7% of Interval Partners LP’s investment portfolio, making the stock its 27th largest holding. Interval Partners LP’s holdings in Sherwin-Williams were worth $25,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First United Bank & Trust bought a new position in Sherwin-Williams during the fourth quarter worth about $31,000. Tortoise Investment Management LLC lifted its holdings in Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 65 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in Sherwin-Williams during the fourth quarter worth about $35,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $36,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $47,000. 77.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jane M. Cronin 9,320 shares of the firm’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Wells Fargo & Company lifted their price target on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Loop Capital dropped their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Citigroup dropped their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, BMO Capital Markets lifted their price target on Sherwin-Williams from $360.00 to $386.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $355.00.

Sherwin-Williams Stock Performance

NYSE SHW traded down $0.71 during trading on Tuesday, reaching $351.84. 1,354,890 shares of the company’s stock were exchanged, compared to its average volume of 1,618,140. The business has a 50 day moving average price of $308.11 and a 200-day moving average price of $315.36. The stock has a market capitalization of $88.76 billion, a P/E ratio of 37.40, a PEG ratio of 2.75 and a beta of 1.16. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The Sherwin-Williams Company has a fifty-two week low of $232.06 and a fifty-two week high of $356.69.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. The firm had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.29 earnings per share. Sell-side analysts forecast that The Sherwin-Williams Company will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

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.