What Could Be Propelling Sherwin-Williams Co to Decrease?

 What Could Be Propelling Sherwin Williams Co to Decrease?

In today’s session Sherwin-Williams Co (SHW) recorded an unusually high (265) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious SHW decrease. With 265 contracts traded and 16084 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: SHW161216P00250000 closed last at: $1.1 or 50% down. About 263,632 shares traded hands. Sherwin-Williams Co (NYSE:SHW) has declined 9.61% since April 21, 2016 and is downtrending. It has underperformed by 14.94% the S&P500.

Analysts await Sherwin-Williams Co (NYSE:SHW) to report earnings on January, 26. They expect $2.10 earnings per share, down 0.94% or $0.02 from last year’s $2.12 per share. SHW’s profit will be $197.03 million for 32.25 P/E if the $2.10 EPS becomes a reality. After $4.23 actual earnings per share reported by Sherwin-Williams Co for the previous quarter, Wall Street now forecasts -50.35% negative EPS growth.

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. As per Monday, March 21, the company rating was downgraded by KeyBanc Capital Markets. Northcoast upgraded the shares of SHW in a report on Wednesday, July 22 to “Buy” rating. The rating was maintained by Barclays Capital with “Equal Weight” on Monday, November 2. On Wednesday, January 20 the stock rating was upgraded by Goldman Sachs to “Buy”. The company was downgraded on Monday, July 11 by Seaport Global. The company was maintained on Friday, October 30 by RBC Capital Markets. The firm earned “Accumulate” rating on Tuesday, January 5 by Seaport Global Securities. Argus Research initiated it with “Hold” rating and $293 target price in Wednesday, April 6 report. The stock of Sherwin-Williams Co (NYSE:SHW) has “Buy” rating given on Monday, October 10 by Argus Research. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 29 report.

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 increased to 1.1 in Q2 2016. Its up 0.06, from 1.04 in 2016Q1. The ratio is positive, 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.
Sumitomo Mitsui Asset holds 0.13% or 14,225 shares in its portfolio. Private Na holds 0.63% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 8,265 shares. Voloridge Management Ltd Liability Corporation reported 107,781 shares or 0.9% of all its holdings. Raymond James Trust Na holds 0.07% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 2,684 shares. Carlson Cap Limited Partnership holds 0.2% or 54,038 shares in its portfolio. Alta Cap Mgmt Ltd, a Utah-based fund reported 179,036 shares. Cibc Asset Mngmt Inc owns 19,268 shares or 0.04% of their US portfolio. Cubist Systematic Strategies Ltd Limited Liability Company has invested 0.03% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Hermes Inv Mgmt Limited has 0.02% invested in the company for 2,800 shares. Moreover, Arrow has 0.01% invested in Sherwin-Williams Co (NYSE:SHW) for 120 shares. Mckinley Management Limited Co Delaware has 120 shares for 0% of their US portfolio. Blackrock Gp Ltd accumulated 729,316 shares or 0.11% of the stock. Amer International Gru Inc holds 0% or 25,860 shares in its portfolio. Quantitative Systematic Strategies Ltd Limited Liability Company has 5,407 shares for 0.73% of their US portfolio. Harvey Prtnrs Limited Com accumulated 3.66% or 12,500 shares.

Insider Transactions: Since August 1, 2016, the stock had 1 buying transaction, and 2 insider sales for $10.10 million net activity. MORIKIS JOHN G sold $9.07 million worth of stock. 500 shares with value of $123,650 were bought by STROPKI JOHN M on Thursday, October 27. 3,853 shares were sold by Baxter Joel D., worth $1.16 million on Friday, August 5.

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 $25.42 billion. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. It has a 22.7 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 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 published the news titled: “Sherwin-Williams Executive Chairman Chris Connor to Retire; President and CEO …” on November 07, 2016. Reuters.com‘s news article titled: “BRIEF-The Sherwin-Williams Co Q3 earnings per share $4.08” with publication date: October 25, 2016 was also an interesting one.

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