Colin M. Davie Sells 2,799 Shares of The Sherwin-Williams Company (NYSE:SHW) Stock

The Sherwin-Williams Company (NYSE:SHW) insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now directly owns 5,365 shares in the company, valued at $1,933,009.50. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $356.49 on Tuesday. The business has a fifty day simple moving average of $351.49 and a two-hundred day simple moving average of $365.86. The firm has a market capitalization of $89.66 billion, a P/E ratio of 33.79, a P/E/G ratio of 2.98 and a beta of 1.22. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter last year, the company earned $1.81 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.79 dividend. The ex-dividend date is Monday, March 3rd. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. Sherwin-Williams’s dividend payout ratio is presently 29.95%.

Analysts Set New Price Targets

Several research analysts recently commented on SHW shares. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Royal Bank of Canada lowered their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Berenberg Bank raised Sherwin-Williams from a “hold” rating to a “buy” rating and upped their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $403.31.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS grew its stake in shares of Sherwin-Williams by 4.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock worth $275,000 after acquiring an additional 29 shares during the last quarter. Essex Savings Bank grew its position in Sherwin-Williams by 3.4% during the 3rd quarter. Essex Savings Bank now owns 880 shares of the specialty chemicals company’s stock valued at $336,000 after purchasing an additional 29 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its stake in Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 29 shares in the last quarter. Apella Capital LLC raised its holdings in Sherwin-Williams by 2.1% in the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company’s stock worth $498,000 after buying an additional 30 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC raised its holdings in Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company’s stock worth $1,272,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.