The Sherwin-Williams Company (NYSE:SHW) SVP Sells $971,185.95 in Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sherwin-Williams Trading Down 0.5 %

Shares of SHW stock opened at $371.66 on Thursday. The company has a market cap of $93.60 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 3.01 and a beta of 1.17. The Sherwin-Williams Company has a 1 year low of $270.95 and a 1 year high of $392.57. The stock’s 50 day simple moving average is $376.69 and its two-hundred day simple moving average is $343.40. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The company had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.20 EPS. Research analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.77%. Sherwin-Williams’s payout ratio is 28.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SHW shares. Barclays lifted their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Evercore ISI raised their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley boosted their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets increased their target price on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company boosted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Institutional Trading of Sherwin-Williams

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. raised its holdings in shares of Sherwin-Williams by 0.3% in the third quarter. Griffin Asset Management Inc. now owns 9,296 shares of the specialty chemicals company’s stock worth $3,548,000 after buying an additional 26 shares during the period. Capital Advisors Ltd. LLC grew its position in Sherwin-Williams by 2.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock valued at $458,000 after acquiring an additional 28 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 28 shares during the period. Allworth Financial LP lifted its position in shares of Sherwin-Williams by 1.8% during the third quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock worth $595,000 after purchasing an additional 28 shares during the last quarter. Finally, First Interstate Bank boosted its stake in shares of Sherwin-Williams by 1.9% during the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after purchasing an additional 28 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Company Profile

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.