Insider Selling: Sherwin-Williams (NYSE:SHW) SVP Sells $454,262.94 in Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Bryan Young sold 1,314 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $345.71, for a total transaction of $454,262.94. Following the transaction, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,472,656.95. The trade was a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $344.26 on Friday. The company has a market capitalization of $83.17 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05. The firm has a fifty day simple moving average of $329.67 and a 200-day simple moving average of $333.03. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 2.00. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77.

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

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, November 13th. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.41%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. DA Davidson set a $390.00 target price on Sherwin-Williams and gave the stock a “buy” rating in a research report on Wednesday, October 28th. BNP Paribas Exane increased their price target on Sherwin-Williams from $345.00 to $360.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Stephens lowered their price objective on Sherwin-Williams from $375.00 to $353.00 and set a “hold” rating for the company in a research note on Tuesday, September 22nd. Guggenheim restated a “buy” rating and set a $375.00 price objective (down from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 28th. Finally, KeyCorp initiated coverage on Sherwin-Williams in a research report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $377.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at approximately $6,100,083,000. Wellington Management Group LLP boosted its holdings in Sherwin-Williams by 133.7% in the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after purchasing an additional 1,593,009 shares during the period. Bank of New York Mellon Corp acquired a new position in Sherwin-Williams in the second quarter worth $547,097,000. Legal & General Group Plc bought a new stake in Sherwin-Williams during the second quarter valued at $459,652,000. Finally, Bank of America Corp DE bought a new stake in Sherwin-Williams during the second quarter valued at $412,339,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Company Profile

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels.

Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.

Sherwin-Williams serves customers in North America and markets around the world.