Sherwin-Williams (NYSE:SHW) Stock: Insider James Jaye Sells 2,301 Shares

The Sherwin-Williams Company (NYSE:SHW) SVP James Jaye sold 2,301 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $345.56, for a total transaction of $795,133.56. Following the sale, the senior vice president owned 6,936 shares in the company, valued at $2,396,804.16. The trade was a 24.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sherwin-Williams Price Performance

Shares of SHW traded down $13.96 during trading hours on Thursday, reaching $349.54. The company had a trading volume of 3,088,733 shares, compared to its average volume of 1,955,557. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 2.00. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77. The firm has a 50 day simple moving average of $329.67 and a 200-day simple moving average of $333.09. The company has a market capitalization of $84.44 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.84 and a beta of 1.05.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $6.78 billion. During the same period in the prior year, the firm posted $3.59 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Research 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. Stockholders of record on Friday, November 13th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.41%.

Institutional Trading of Sherwin-Williams

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth about $6,100,083,000. Wellington Management Group LLP raised its position in shares of Sherwin-Williams by 133.7% in the second 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. Bank of New York Mellon Corp purchased a new position in shares of Sherwin-Williams during the second quarter valued at approximately $547,097,000. Legal & General Group Plc purchased a new position in shares of Sherwin-Williams during the second quarter valued at approximately $459,652,000. Finally, Bank of America Corp DE acquired a new stake in Sherwin-Williams during the second quarter worth approximately $412,339,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on SHW. Royal Bank Of Canada lowered their price target on Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Bank of America upped their target price on Sherwin-Williams from $369.00 to $383.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Argus raised their price target on Sherwin-Williams from $355.00 to $380.00 in a research report on Thursday, August 27th. Finally, Melius Research started coverage on Sherwin-Williams in a research note on Tuesday, October 6th. They set a “hold” rating and a $367.00 price target for the company. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $377.29.

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.