Insider Selling: Sherwin-Williams (NYSE:SHW) SVP Sells $915,913.11 in Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Bryan Young sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Sherwin-Williams Stock Up 0.4%

Shares of SHW stock opened at $362.08 on Friday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $379.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The stock has a fifty day moving average price of $350.29 and a 200 day moving average price of $346.71. The stock has a market cap of $89.71 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 3.12 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 EPS. Analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.80 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. Sherwin-Williams’s dividend payout ratio is 30.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC increased its position in Sherwin-Williams by 3.5% in the 4th quarter. Anchor Investment Management LLC now owns 17,979 shares of the specialty chemicals company’s stock valued at $5,826,000 after acquiring an additional 611 shares in the last quarter. Tempo Wealth LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $1,469,000. MidFirst Bank acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $3,392,000. Kera Capital Partners Inc. raised its position in Sherwin-Williams by 58.1% in the 4th quarter. Kera Capital Partners Inc. now owns 1,475 shares of the specialty chemicals company’s stock worth $523,000 after purchasing an additional 542 shares during the last quarter. Finally, MV Capital Management Inc. bought a new position in Sherwin-Williams in the 4th quarter worth approximately $529,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Mizuho increased their target price on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Vertical Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research note on Wednesday, January 7th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Finally, Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Company Profile

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.