Insider Selling: Sherwin-Williams (NYSE:SHW) SVP Sells 1,314 Shares of Company Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Bryan Young sold 1,314 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $345.71, for a total value of $454,262.94. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,472,656.95. The trade was a 11.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $13.96 during midday trading on Thursday, reaching $349.54. 3,088,733 shares of the company were exchanged, compared to its average volume of 1,955,557. The company has a market capitalization of $84.44 billion, a price-to-earnings ratio of 32.13, 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 Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.78 billion. Sherwin-Williams had a net margin of 10.74% and a return on equity of 69.51%. Sherwin-Williams’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $3.59 earnings per share. On average, analysts anticipate that The Sherwin-Williams Company will post 12.02 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be given 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 payout ratio is currently 29.41%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHW. Mizuho set a $396.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $353.00 target price on shares of Sherwin-Williams in a research note on Tuesday, October 27th. Weiss Ratings lowered Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. BMO Capital Markets restated an “outperform” rating on shares of Sherwin-Williams in a report on Monday, September 28th. Finally, Argus lifted their price objective on Sherwin-Williams from $355.00 to $380.00 in a research report on Thursday, August 27th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $377.29.

Institutional Investors Weigh In On Sherwin-Williams

Several hedge funds have recently modified their holdings of the stock. Ritholtz Wealth Management increased its holdings in shares of Sherwin-Williams by 0.9% during the 3rd quarter. Ritholtz Wealth Management now owns 6,997 shares of the specialty chemicals company’s stock worth $2,262,000 after buying an additional 63 shares during the last quarter. Joel Isaacson & Co. LLC raised its position in shares of Sherwin-Williams by 4.4% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 1,140 shares of the specialty chemicals company’s stock worth $369,000 after buying an additional 48 shares during the period. 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 acquiring an additional 30 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Sherwin-Williams during the third quarter worth about $3,870,000. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of Sherwin-Williams by 0.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 11,731 shares of the specialty chemicals company’s stock worth $3,792,000 after purchasing an additional 51 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

About Sherwin-Williams

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.