Time to Sell Sherwin-Williams Co After Today’s Option Traders Bearish Bets?


 Time to Sell Sherwin Williams Co After Today's Option Traders Bearish Bets?

In today’s session Sherwin-Williams Co (SHW) recorded an unusually high (1,547) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious SHW decrease. With 1,547 contracts traded and 804 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: SHW161118P00260000 closed last at: $6.4 or 48.8% up. About 241,319 shares traded hands. Sherwin-Williams Co (NYSE:SHW) has declined 1.97% since March 8, 2016 and is downtrending. It has underperformed by 11.29% the S&P500.

Analysts await Sherwin-Williams Co (NYSE:SHW) to report earnings on November, 3. They expect $4.33 earnings per share, up 9.07% or $0.36 from last year’s $3.97 per share. SHW’s profit will be $402.28M for 15.48 P/E if the $4.33 EPS becomes a reality. After $4.06 actual earnings per share reported by Sherwin-Williams Co for the previous quarter, Wall Street now forecasts 6.65% EPS growth.

Sherwin-Williams Co (NYSE:SHW) Ratings Coverage

Out of 15 analysts covering Sherwin-Williams Company (NYSE:SHW), 9 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 60% are positive. $336 is the highest target while $265 is the lowest. The $290.75 average target is 8.44% above today’s ($268.12) stock price. Sherwin-Williams Company has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Sherwin-Williams Co (NYSE:SHW) earned “Hold” rating by Argus Research on Wednesday, April 6. The rating was upgraded by Susquehanna to “Positive” on Monday, March 21. The firm earned “Outperform” rating on Tuesday, March 22 by Credit Suisse. On Tuesday, January 5 the stock rating was initiated by Seaport Global Securities with “Accumulate”. The rating was upgraded by Sterne Agee CRT to “Neutral” on Tuesday, August 25. CLSA upgraded the stock to “Buy” rating in Friday, July 22 report. The rating was maintained by RBC Capital Markets on Friday, October 30 with “Outperform”. The firm has “Neutral” rating by Seaport Global given on Monday, July 11. RBC Capital Markets maintained the shares of SHW in a report on Wednesday, November 25 with “Outperform” rating. On Wednesday, September 23 the stock rating was downgraded by Longbow to “Neutral”.

According to Zacks Investment Research, “Sherwin-Williams Co. is a manufacturer, distributor and retailer of paint, coatings and related products. It is the one of largest paint companies in the United States and in the world. Well known brands include Sherwin- Williams, Dutch Boy, Pratt & Lambert, Martin-Senour, Thompson’s, Minwax and Krylon. (Company Press Release)”

Insitutional Activity: The institutional sentiment decreased to 1.04 in Q2 2016. Its down 0.17, from 1.21 in 2016Q1. The ratio dived, 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.
The United Kingdom-based Uss Investment Mngmt Limited has invested 2.39% in Sherwin-Williams Co (NYSE:SHW). Legacy accumulated 743 shares or 0.14% of the stock. Moreover, Chesley Taft & Ltd Limited Liability Company has 0.23% invested in Sherwin-Williams Co (NYSE:SHW) for 7,500 shares. Granite Prtn Limited Com holds 0.41% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 17,734 shares. First Quadrant L P Ca last reported 0.01% of its portfolio in the stock. Stanley reported 4,000 shares or 0.46% of all its holdings. Kingfisher Capital Ltd Liability Company holds 0% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 3,344 shares. Aberdeen Asset Public Ltd Company Uk owns 16,153 shares or 0.02% of their US portfolio. Seatown Holdg Pte Limited has invested 1.61% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Welch Group Ltd Liability Corp has invested 0.04% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Paloma accumulated 23,211 shares or 0.07% of the stock. Us National Bank & Trust De reported 55,347 shares or 0.06% of all its holdings. Planning Corporation has invested 0.37% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Congress Asset Management Ma last reported 0.14% of its portfolio in the stock. Metropolitan Life Insur Ny accumulated 0.1% or 44,324 shares.

Insider Transactions: Since April 22, 2016, the stock had 0 buys, and 8 insider sales for $20.47 million net activity. Mistysyn Allen J had sold 3,353 shares worth $977,668. 20,353 shares were sold by HENNESSY SEAN P, worth $6.00 million on Friday, May 13. $1.05M worth of Sherwin-Williams Co (NYSE:SHW) was sold by Davisson Robert J on Monday, May 9. MORIKIS JOHN G also sold $9.07M worth of Sherwin-Williams Co (NYSE:SHW) shares. $1.16M worth of shares were sold by Baxter Joel D. on Friday, August 5. The insider Hodnik David F sold 843 shares worth $250,802. 2,000 shares were sold by KROPF SUSAN J, worth $595,980.

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 $24.91 billion. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. It has a 22.68 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.

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: Finance.Yahoo.com which released: “The Sherwin-Williams Company (SHW)” on March 21, 2016, also Etfdailynews.com with their article: “Sherwin-Williams Co, The Valspar Corp: A Perfect Color Match In Paint Industry …” published on March 28, 2016, Forbes.com published: “Sherwin-Williams is Now Oversold (SHW)” on October 07, 2016. More interesting news about Sherwin-Williams Co (NYSE:SHW) were released by: Investorplace.com and their article: “Why Sherwin-Williams Co (SHW), Southwest Airlines Co (LUV) and Tractor Supply …” published on July 21, 2016 as well as Crainscleveland.com‘s news article titled: “Feds want to know more about Sherwin-Williams Co.’s planned purchase of …” with publication date: May 12, 2016.

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