Sherwin-Williams (NYSE:SHW) SVP Sells $1,363,484.22 in Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Mary Garceau sold 3,891 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $350.42, for a total value of $1,363,484.22. Following the completion of the sale, the senior vice president directly owned 31,466 shares in the company, valued at approximately $11,026,315.72. The trade was a 11.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded up $22.84 during midday trading on Wednesday, reaching $363.70. 3,144,504 shares of the company were exchanged, compared to its average volume of 1,950,071. The firm’s 50-day simple moving average is $329.40 and its 200-day simple moving average is $333.05. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The company has a market capitalization of $87.87 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 2.93 and a beta of 1.05. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The firm had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.59 earnings per share. On average, analysts anticipate that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.80 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.20 annualized dividend and a yield of 0.9%. Sherwin-Williams’s payout ratio is 29.41%.

Institutional Trading of Sherwin-Williams

Several institutional investors have recently made changes to their positions in the stock. Eastern Bank increased its position in shares of Sherwin-Williams by 50.8% during the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 30 shares during the period. Focus Financial Network Inc. lifted its holdings in shares of Sherwin-Williams by 1.0% in the third quarter. Focus Financial Network Inc. now owns 3,068 shares of the specialty chemicals company’s stock valued at $992,000 after buying an additional 31 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of Sherwin-Williams by 4.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 812 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 31 shares during the last quarter. Heartland Bank & Trust Co raised its holdings in shares of Sherwin-Williams by 2.8% in the 1st quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock worth $376,000 after purchasing an additional 32 shares in the last quarter. Finally, Childress Capital Advisors LLC raised its holdings in shares of Sherwin-Williams by 4.9% in the 3rd quarter. Childress Capital Advisors LLC now owns 713 shares of the specialty chemicals company’s stock worth $230,000 after purchasing an additional 33 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SHW shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Stephens reduced their target price on Sherwin-Williams from $375.00 to $353.00 and set a “hold” rating on the stock in a research report on Tuesday, September 22nd. Royal Bank Of Canada decreased their price target on Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Jefferies Financial Group restated a “hold” rating and issued a $353.00 price target on shares of Sherwin-Williams in a report on Tuesday, October 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Sherwin-Williams from $380.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.29.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.