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 the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $1.93 during trading hours on Wednesday, hitting $371.57. 911,609 shares of the stock traded hands, compared to its average volume of 1,630,937. 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’s 50 day moving average price is $376.69 and its 200-day moving average price is $343.20. The stock has a market capitalization of $93.58 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 3.05 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.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company 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 company earned $3.20 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts expect that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on SHW shares. BMO Capital Markets lifted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Citigroup dropped their price objective on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

Institutional Investors Weigh In On Sherwin-Williams

Several hedge funds and other institutional investors have recently made changes to their positions in SHW. Valued Wealth Advisors LLC lifted its holdings in shares of Sherwin-Williams by 88.9% in 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 last quarter. HHM Wealth Advisors LLC increased its position in Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 45 shares during the period. First Personal Financial Services acquired a new position in Sherwin-Williams during the 3rd quarter worth approximately $29,000. Semmax Financial Advisors Inc. increased its position in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds 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.