The Sherwin-Williams Company (NYSE:SHW) SVP Mary L. Garceau Sells 15,770 Shares of Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Mary L. Garceau sold 15,770 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Sherwin-Williams Trading Down 0.5 %

Shares of SHW opened at $394.00 on Thursday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The firm has a market capitalization of $99.23 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 3.22 and a beta of 1.17. The company has a 50-day moving average of $378.27 and a 200 day moving average of $345.96. The Sherwin-Williams Company has a 1-year low of $272.34 and a 1-year high of $400.42.

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

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.73%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SHW shares. Citigroup lowered their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada lowered their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Robert W. Baird raised their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Institutional Trading of Sherwin-Williams

Several institutional investors and hedge funds have recently made changes to their positions in SHW. Valued Wealth Advisors LLC increased its position in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares during the period. HHM Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares in the last quarter. First Personal Financial Services purchased a new position in Sherwin-Williams during the third quarter valued at approximately $29,000. Semmax Financial Advisors Inc. raised its stake in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Sherwin-Williams during the third quarter worth $32,000. 77.67% of the stock is currently owned by institutional investors.

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.