Sherwin-Williams (NYSE:SHW) CAO James Lang Sells 1,309 Shares of Company Stock

The Sherwin-Williams Company (NYSE:SHW) CAO James Lang sold 1,309 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $361.91, for a total transaction of $473,740.19. Following the completion of the sale, the chief accounting officer directly owned 861 shares of the company’s stock, valued at approximately $311,604.51. This trade represents a 60.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sherwin-Williams Stock Down 1.4%

Shares of NYSE:SHW opened at $344.26 on Friday. The stock has a market cap of $83.17 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 2.93 and a beta of 1.05. 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 one year low of $289.86 and a one year high of $377.77. The company has a 50 day moving average of $329.67 and a 200-day moving average of $333.03.

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

Sherwin-Williams Dividend Announcement

The business 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 dividend of $0.80 per share. The ex-dividend date is Friday, November 13th. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.41%.

Institutional Investors Weigh In On Sherwin-Williams

Large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Sherwin-Williams during the 2nd quarter valued at $6,100,083,000. Wellington Management Group LLP lifted its position in shares of 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 valued at $958,821,000 after buying an additional 1,593,009 shares during the last quarter. Amundi increased its holdings in shares of Sherwin-Williams by 20.6% in the first quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock worth $705,497,000 after purchasing an additional 376,505 shares during the period. Bank of New York Mellon Corp purchased a new position in Sherwin-Williams in the 2nd quarter worth $547,097,000. Finally, Dimensional Fund Advisors LP increased its holdings in Sherwin-Williams by 2.9% during the 1st 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 during the period. 77.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sherwin-Williams in a report on Monday, September 28th. Weiss Ratings lowered Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Royal Bank Of Canada lowered their price target on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research report on Thursday, October 29th. Mizuho set a $396.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Finally, Rothschild & Co Redburn increased their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $377.29.

About Sherwin-Williams

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.