Sherwin-Williams (NYSE:SHW) Stock: Insider Mary Garceau Sells 3,891 Shares

The Sherwin-Williams Company (NYSE:SHW) SVP Mary Garceau sold 3,891 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $350.42, for a total value of $1,363,484.22. Following the sale, the senior vice president owned 31,466 shares of the company’s stock, valued at $11,026,315.72. This trade represents a 11.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Sherwin-Williams Price Performance

Shares of SHW traded up $22.84 during trading hours on Wednesday, hitting $363.70. 3,144,504 shares of the company were exchanged, compared to its average volume of 1,950,071. 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 company has a market capitalization of $87.87 billion, a PE ratio of 33.43, a PEG ratio of 2.93 and a beta of 1.05. The firm has a fifty day simple moving average of $329.40 and a 200-day simple moving average of $333.05. The Sherwin-Williams Company has a one year low of $289.86 and a one year high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced 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). 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 analyst estimates of $6.78 billion. During the same period last year, the firm earned $3.59 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s payout ratio is presently 29.41%.

Analysts Set New Price Targets

Several research analysts have commented on SHW shares. Royal Bank Of Canada decreased their target price on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. The Goldman Sachs Group restated a “buy” rating and set a $415.00 price target (up from $390.00) on shares of Sherwin-Williams in a report on Friday, October 9th. Barclays set a $329.00 price objective on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a research note on Wednesday, October 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Finally, Rothschild & Co Redburn boosted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.29.

Institutional Investors Weigh In On Sherwin-Williams

A number of institutional investors have recently bought and sold shares of SHW. Fulcrum Asset Management LLP purchased a new position in Sherwin-Williams during the third quarter valued at approximately $774,000. M Holdings Securities Inc. purchased a new stake in Sherwin-Williams in the 3rd quarter worth approximately $301,000. Brighton Jones LLC lifted its position in Sherwin-Williams by 34.7% in the 3rd quarter. Brighton Jones LLC now owns 2,516 shares of the specialty chemicals company’s stock worth $813,000 after buying an additional 648 shares in the last quarter. Ethic Inc. boosted its stake in shares of Sherwin-Williams by 5.9% during the 3rd quarter. Ethic Inc. now owns 31,598 shares of the specialty chemicals company’s stock valued at $10,215,000 after buying an additional 1,765 shares during the period. Finally, StoneX Group Inc. boosted its stake in shares of Sherwin-Williams by 17.9% during the 3rd quarter. StoneX Group Inc. now owns 6,178 shares of the specialty chemicals company’s stock valued at $2,003,000 after buying an additional 940 shares during the period. 77.67% of the stock is currently 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.