Key Points
- SVP James Jaye sold 2,301 Sherwin-Williams shares for about $795,134 at an average price of $345.56, reducing his holdings by 24.91% to 6,936 shares.
- Quarterly earnings were mixed: EPS of $3.63 missed analysts’ $3.69 estimate, while revenue of $6.86 billion topped expectations and rose 7.9% year over year.
- Analysts’ consensus rating was Moderate Buy, with a consensus price target of $377.29; the company also declared a quarterly dividend of $0.80 per share.
The Sherwin-Williams Company (NYSE:SHW - Get Free Report) SVP Bryan Young sold 1,314 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $345.71, for a total transaction of $454,262.94. Following the transaction, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,472,656.95. This trade represents a 11.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Sherwin-Williams Price Performance
SHW opened at $349.54 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00. The Sherwin-Williams Company has a 52-week low of $289.86 and a 52-week high of $377.77. The company has a 50 day moving average of $329.69 and a two-hundred day moving average of $333.05. The company has a market cap of $84.44 billion, a P/E ratio of 30.52, a P/E/G ratio of 3.03 and a beta of 1.05.
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 (EPS) for the quarter, missing the consensus estimate of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.78 billion. During the same period in the previous year, the company earned $3.59 EPS. Sherwin-Williams's revenue was up 7.9% on a year-over-year basis. On average, analysts expect that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.
Sherwin-Williams Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams's dividend payout ratio is currently 29.41%.
Wall Street Analyst Weigh In
SHW has been the topic of several research reports. BNP Paribas Exane raised their price objective on Sherwin-Williams from $345.00 to $360.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on Sherwin-Williams from $355.00 to $375.00 and gave the stock a "hold" rating in a research report on Wednesday, July 29th. Wells Fargo & Company set a $340.00 target price on Sherwin-Williams and gave the company an "equal weight" rating in a research note on Friday, September 25th. The Goldman Sachs Group reiterated a "buy" rating and set a $415.00 target price (up from $390.00) on shares of Sherwin-Williams in a report on Friday, October 9th. Finally, UBS Group reissued a "neutral" rating and set a $370.00 price target (up from $363.00) on shares of Sherwin-Williams in a research report on Wednesday, October 28th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and an average price target of $377.29.
View Our Latest Analysis on Sherwin-Williams
Institutional Investors Weigh In On Sherwin-Williams
A number of large investors have recently added to or reduced their stakes in SHW. Maryland State Retirement & Pension System grew its stake in shares of Sherwin-Williams by 10.4% during the third quarter. Maryland State Retirement & Pension System now owns 13,781 shares of the specialty chemicals company's stock valued at $4,455,000 after acquiring an additional 1,302 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Sherwin-Williams by 0.9% in the third quarter. Ritholtz Wealth Management now owns 6,997 shares of the specialty chemicals company's stock worth $2,262,000 after acquiring an additional 63 shares in the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of Sherwin-Williams by 4.4% in the third quarter. Joel Isaacson & Co. LLC now owns 1,140 shares of the specialty chemicals company's stock worth $369,000 after acquiring an additional 48 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in Sherwin-Williams by 1.0% in the third quarter. Jacobi Capital Management LLC now owns 3,156 shares of the specialty chemicals company's stock valued at $1,020,000 after purchasing an additional 30 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new position in Sherwin-Williams in the third quarter valued at about $3,870,000. 77.67% of the stock is owned by institutional investors and hedge funds.
Sherwin-Williams Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
