The Sherwin-Williams Company (NYSE:SHW - Get Free Report) SVP Mary Garceau sold 3,891 shares of the company's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $350.42, for a total value of $1,363,484.22. Following the completion of the sale, the senior vice president directly owned 31,466 shares of the company's stock, valued at approximately $11,026,315.72. This trade represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Sherwin-Williams Stock Performance
Shares of NYSE:SHW opened at $363.70 on Thursday. The company has a market capitalization of $87.87 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 2.84 and a beta of 1.05. The firm's 50 day simple moving average is $329.67 and its 200 day simple moving average is $333.09. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.71 and a quick ratio of 0.45. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing the consensus estimate of $3.69 by ($0.06). The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.59 EPS. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be given 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 Friday, November 13th. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.41%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Sherwin-Williams from $392.00 to $383.00 and set an "outperform" rating for the company in a report on Thursday, October 29th. JPMorgan Chase & Co. dropped their price objective on Sherwin-Williams from $380.00 to $375.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. Stephens decreased their target price 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. Argus increased their price target on Sherwin-Williams from $355.00 to $380.00 in a report on Thursday, August 27th. Finally, Weiss Ratings downgraded Sherwin-Williams from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday, October 28th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $377.29.
Get Our Latest Stock Report on Sherwin-Williams
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Sherwin-Williams in the 2nd quarter worth $6,100,083,000. Wellington Management Group LLP increased its holdings in Sherwin-Williams by 133.7% during the 2nd 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 in the last quarter. Amundi raised its stake in shares of Sherwin-Williams by 20.6% in the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company's stock valued at $705,497,000 after purchasing an additional 376,505 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Sherwin-Williams in the 2nd quarter valued at about $547,097,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sherwin-Williams by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,417,166 shares of the specialty chemicals company's stock valued at $454,226,000 after purchasing an additional 39,853 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.
About Sherwin-Williams
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Get Free Report)
The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.
Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.
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