Short Interest Buzzer: Sherwin Williams Company (NYSE:SHW) on Focus After Report of More Shorts

November 16, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Buzzer: Sherwin Williams Company (NYSE:SHW) on Focus After Report of More Shorts

The stock of Sherwin Williams Company (NYSE:SHW) registered an increase of 26.92% in short interest. SHW’s total short interest was 1.27M shares in November as published by FINRA. Its up 26.92% from 1.00 million shares, reported previously. With 763,800 shares average volume, it will take short sellers 2 days to cover their SHW’s short positions. The short interest to Sherwin Williams Company’s float is 1.6%. The stock increased 0.89% or $2.35 during the last trading session, hitting $265.73. Sherwin-Williams Co (NYSE:SHW) has declined 9.77% since April 14, 2016 and is downtrending. It has underperformed by 14.46% the S&P500.

The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The company has a market cap of $24.84 billion. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. It has a 22.27 P/E ratio. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment maker product finishes and related items.

Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.17, from 1.21 in 2016Q1. The ratio is negative, as 50 funds sold all Sherwin-Williams Co shares owned while 222 reduced positions. 73 funds bought stakes while 210 increased positions. They now own 67.61 million shares or 5.44% less from 71.50 million shares in 2016Q1.
Everpoint Asset Mgmt Ltd has 0.49% invested in the company for 83,842 shares. Ig Inv Mgmt holds 23,662 shares or 0.03% of its portfolio. New Mexico Educational Retirement Board holds 0.12% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 9,121 shares. Exxonmobil Invest Tx reported 20,351 shares or 0.13% of all its holdings. Nordea Investment Management accumulated 0.06% or 67,648 shares. Ridgeworth Capital Management Ltd Liability last reported 117,450 shares in the company. Adirondack Company last reported 15 shares in the company. First Trust Advisors L P owns 49,150 shares or 0.05% of their US portfolio. Nelson Roberts Investment Advsrs holds 0.01% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 70 shares. First Midwest National Bank Trust Division holds 0.25% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 6,985 shares. First Quadrant L P Ca holds 0.01% or 800 shares in its portfolio. Vigilant Mgmt Limited Liability Corporation holds 22 shares or 0% of its portfolio. Commonwealth Bankshares Of Aus, a Australia-based fund reported 5,256 shares. Cortland Associates Mo holds 0.08% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 1,300 shares. Ameriprise Financial holds 0.3% or 1.77 million shares in its portfolio.

Insider Transactions: Since August 1, 2016, the stock had 1 buy, and 2 selling transactions for $10.10 million net activity. Shares for $1.16M were sold by Baxter Joel D.. MORIKIS JOHN G sold 30,353 shares worth $9.07 million. $123,650 worth of Sherwin-Williams Co (NYSE:SHW) was bought by STROPKI JOHN M on Thursday, October 27.

Sherwin-Williams Co (NYSE:SHW) Ratings Coverage

Out of 16 analysts covering Sherwin-Williams Company (NYSE:SHW), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. Sherwin-Williams Company has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. CLSA upgraded the stock to “Buy” rating in Friday, July 22 report. The rating was downgraded by Seaport Global to “Neutral” on Monday, July 11. The firm has “Positive” rating given on Monday, March 21 by Susquehanna. The company was maintained on Friday, January 29 by RBC Capital Markets. Longbow upgraded the shares of SHW in a report on Wednesday, March 16 to “Buy” rating. The firm has “Equal Weight” rating given on Monday, November 2 by Barclays Capital. The firm has “Market Perform” rating by Wells Fargo given on Thursday, September 29. The stock of Sherwin-Williams Co (NYSE:SHW) has “Buy” rating given on Wednesday, January 20 by Goldman Sachs. The firm has “Accumulate” rating by Seaport Global Securities given on Tuesday, January 5. The stock of Sherwin-Williams Co (NYSE:SHW) earned “Buy” rating by Northcoast on Wednesday, July 22.

SHW Company Profile

The Sherwin-Williams Company (Sherwin-Williams), incorporated on July 16, 1884, is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail clients in North and South America with additional activities in the Caribbean region, Europe and Asia. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group.

More notable recent Sherwin-Williams Co (NYSE:SHW) news were published by: Fool.com which released: “Why Sherwin-Williams Co.’s Shares Plunged 11% Today” on October 25, 2016, also Prnewswire.com with their article: “Sherwin-Williams Executive Chairman Chris Connor to Retire; President and CEO …” published on November 07, 2016, Reuters.com published: “BRIEF-The Sherwin-Williams Co and Valspar comment on market speculation” on October 28, 2016. More interesting news about Sherwin-Williams Co (NYSE:SHW) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Innophos Holdings, Reliance Steel & Aluminum and Sherwin …” published on November 14, 2016 as well as Valuewalk.com‘s news article titled: “Dividend Aristocrats in Focus Part 8: Sherwin-Williams Co (SHW)” with publication date: October 20, 2016.

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By Ellis Scott


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