Sherwin-Williams Co (NYSE:SHW) Short Interest Update

Sherwin-Williams Co (NYSE:SHW) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,202,400 shares, a growth of 6.9% from the April 30th total of 1,125,100 shares. Based on an average daily volume of 550,800 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.5% of the company’s stock are sold short.

A number of analysts have weighed in on SHW shares. Wells Fargo & Co increased their target price on shares of Twitter from $33.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. Zacks Investment Research cut shares of Ionis Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Deutsche Bank increased their price objective on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Northcoast Research cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and set a $465.96 price objective on the stock. in a report on Tuesday, June 25th. Finally, Argus increased their price objective on shares of Waste Management from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. Sherwin-Williams presently has an average rating of “Buy” and an average target price of $480.09.

In other Sherwin-Williams news, insider Robert F. Lynch sold 6,984 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the transaction, the insider now directly owns 13,855 shares in the company, valued at approximately $5,965,131.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff M. Fettig acquired 500 shares of Sherwin-Williams stock in a transaction on Wednesday, May 22nd. The shares were bought at an average price of $432.07 per share, for a total transaction of $216,035.00. The disclosure for this purchase can be found here. Insiders sold 26,471 shares of company stock valued at $12,202,129 over the last 90 days. Insiders own 0.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Investors Research Corp bought a new position in Sherwin-Williams during the first quarter valued at approximately $25,000. Thor Advisors LLC bought a new position in shares of Sherwin-Williams in the first quarter valued at approximately $25,000. Hexavest Inc. bought a new position in shares of Sherwin-Williams in the second quarter valued at approximately $27,000. Penserra Capital Management LLC bought a new position in shares of Sherwin-Williams in the first quarter valued at approximately $28,000. Finally, Berman Capital Advisors LLC bought a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $28,000. 76.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SHW stock traded up $4.53 during trading on Friday, hitting $469.73. 424,263 shares of the company were exchanged, compared to its average volume of 418,656. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.96 and a quick ratio of 0.56. The company has a market capitalization of $43.36 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.95 and a beta of 1.27. The business’s 50-day moving average is $456.17. Sherwin-Williams has a twelve month low of $355.28 and a twelve month high of $479.64.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.03). The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.09 billion. Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.57 earnings per share. On average, equities analysts predict that Sherwin-Williams will post 20.98 earnings per share for the current year.

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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