Key Points
- Sherwin‑Williams SVP Bryan Young sold 2,513 shares on Feb. 24 at an average price of $364.47 for a total of $915,913.11, reducing his stake by ~20.01% to 10,045 shares (≈$3.66M).
- Dividend increased to $0.80 quarterly (annualized $3.20) with an ex‑dividend date of March 2 and a yield of ~0.9%, raising the payout ratio to about 30.77%.
- Recent results and outlook: the company beat Q earnings (EPS $2.23 vs. $2.16; revenue $5.60B vs. $5.57B), and analysts maintain a "Moderate Buy" consensus with a $387.67 average price target (several firms raised targets up to $410).
The Sherwin-Williams Company (NYSE:SHW - Get Free Report) SVP Bryan Young sold 2,513 shares of the business's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Sherwin-Williams Trading Up 0.1%
NYSE SHW traded up $0.35 on Thursday, hitting $357.60. The company's stock had a trading volume of 86,364 shares, compared to its average volume of 1,820,849. The firm has a market cap of $88.60 billion, a P/E ratio of 34.89, a PEG ratio of 3.15 and a beta of 1.25. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The company's 50-day simple moving average is $348.77 and its 200 day simple moving average is $346.57. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03.
Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.
Sherwin-Williams Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.79. Sherwin-Williams's payout ratio is presently 30.77%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on SHW. Mizuho lifted their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the company an "outperform" rating in a research report on Tuesday, February 17th. Citigroup restated a "buy" rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Sherwin-Williams in a report on Monday, December 29th. Vertical Research raised Sherwin-Williams from a "hold" rating to a "buy" rating and set a $371.00 price objective for the company in a research report on Wednesday, January 7th. Finally, Royal Bank Of Canada set a $390.00 target price on shares of Sherwin-Williams and gave the stock an "outperform" rating in a research report on Friday, January 30th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $387.67.
View Our Latest Stock Analysis on Sherwin-Williams
Institutional Investors Weigh In On Sherwin-Williams
A number of institutional investors have recently modified their holdings of SHW. Modera Wealth Management LLC raised its position in shares of Sherwin-Williams by 2.4% in the 3rd quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company's stock worth $435,000 after purchasing an additional 29 shares during the last quarter. CoreCap Advisors LLC raised its holdings in Sherwin-Williams by 0.6% in the fourth quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company's stock worth $1,653,000 after buying an additional 29 shares during the last quarter. Sowell Financial Services LLC lifted its stake in shares of Sherwin-Williams by 2.8% in the fourth quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company's stock worth $343,000 after buying an additional 29 shares in the last quarter. Richard W. Paul & Associates LLC grew its holdings in shares of Sherwin-Williams by 1.6% during the second quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company's stock valued at $647,000 after buying an additional 30 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Sherwin-Williams by 1.4% during the fourth quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company's stock valued at $686,000 after buying an additional 30 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.
Sherwin-Williams Company Profile
(
Get Free Report)
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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