The Sherwin-Williams Company (NYSE:SHW – Get Free Report) CAO James Lang sold 1,309 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $361.91, for a total value of $473,740.19. Following the transaction, the chief accounting officer owned 861 shares in the company, valued at $311,604.51. The trade was a 60.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sherwin-Williams Stock Performance
Shares of NYSE:SHW opened at $344.26 on Friday. The company’s 50 day moving average price is $329.67 and its two-hundred day moving average price is $333.03. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77. The firm has a market cap of $83.17 billion, a PE ratio of 31.64, a PEG ratio of 2.87 and a beta of 1.05. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00.
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter in the previous year, the business posted $3.59 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts predict that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.
Sherwin-Williams Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a $0.80 dividend. 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 Analyst Weigh In
A number of analysts have weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Stephens reduced their price target on Sherwin-Williams from $375.00 to $353.00 and set a “hold” rating on the stock in a report on Tuesday, September 22nd. JPMorgan Chase & Co. reduced their price target on Sherwin-Williams from $380.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $353.00 price objective on shares of Sherwin-Williams in a report on Tuesday, October 27th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.
Read Our Latest Analysis on Sherwin-Williams
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Milestone Asset Management LLC bought a new stake in shares of Sherwin-Williams during the third quarter valued at approximately $3,153,000. Caisse de depot et placement du Quebec bought a new position in shares of Sherwin-Williams in the 2nd quarter worth $5,473,000. William John Sempolinski bought a new position in shares of Sherwin-Williams in the 2nd quarter worth $2,456,000. BlackRock Inc. acquired a new stake in Sherwin-Williams in the 2nd quarter valued at $6,100,083,000. Finally, First Citizens Bank & Trust Co. grew its position in Sherwin-Williams by 421.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 4,309 shares of the specialty chemicals company’s stock valued at $1,393,000 after purchasing an additional 3,483 shares during the period. 77.67% of the stock is owned by institutional investors.
Sherwin-Williams Company Profile
The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels.
Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.
Sherwin-Williams serves customers in North America and markets around the world.
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