Sherwin-Williams Co (NYSE:SHW) SVP Thomas P. Gilligan sold 4,964 shares of Sherwin-Williams stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $642.70, for a total transaction of $3,190,362.80. Following the transaction, the senior vice president now owns 8,751 shares of the company’s stock, valued at $5,624,267.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of SHW stock opened at $647.92 on Friday. The firm has a market cap of $58.99 billion, a price-to-earnings ratio of 34.54, a P/E/G ratio of 3.64 and a beta of 1.22. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.57 and a current ratio of 1.10. Sherwin-Williams Co has a 52 week low of $325.43 and a 52 week high of $659.87. The firm’s 50-day simple moving average is $588.73 and its two-hundred day simple moving average is $550.00.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $7.10 EPS for the quarter, topping the consensus estimate of $5.69 by $1.41. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.55 billion. Sherwin-Williams had a net margin of 9.83% and a return on equity of 53.67%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.57 earnings per share. Analysts forecast that Sherwin-Williams Co will post 20.5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $1.34 dividend. The ex-dividend date is Thursday, August 20th. This represents a $5.36 annualized dividend and a dividend yield of 0.83%. Sherwin-Williams’s payout ratio is 25.38%.

SHW has been the subject of a number of analyst reports. Loop Capital lifted their price objective on shares of Sherwin-Williams from $625.00 to $695.00 and gave the company a “buy” rating in a report on Wednesday. Stifel Nicolaus reiterated a “hold” rating on shares of Sherwin-Williams in a report on Thursday, April 30th. Credit Suisse Group raised their price target on shares of Sherwin-Williams from $625.00 to $734.00 and gave the company an “outperform” rating in a research report on Wednesday. Robert W. Baird raised their price target on shares of Sherwin-Williams from $550.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Finally, UBS Group raised their price target on shares of Sherwin-Williams from $480.00 to $520.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Sherwin-Williams has a consensus rating of “Buy” and an average target price of $641.95.

Several institutional investors and hedge funds have recently bought and sold shares of SHW. Vontobel Asset Management Inc. increased its stake in shares of Sherwin-Williams by 291.4% in the first quarter. Vontobel Asset Management Inc. now owns 485,080 shares of the specialty chemicals company’s stock worth $240,025,000 after purchasing an additional 361,140 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Sherwin-Williams by 70.7% in the first quarter. Capital Research Global Investors now owns 869,620 shares of the specialty chemicals company’s stock worth $399,608,000 after purchasing an additional 360,086 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Sherwin-Williams by 1,708.5% in the first quarter. Diamond Hill Capital Management Inc. now owns 309,967 shares of the specialty chemicals company’s stock worth $142,436,000 after purchasing an additional 292,828 shares in the last quarter. Morgan Stanley increased its stake in shares of Sherwin-Williams by 46.8% in the first quarter. Morgan Stanley now owns 870,538 shares of the specialty chemicals company’s stock worth $400,031,000 after purchasing an additional 277,410 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Sherwin-Williams by 20.6% in the first quarter. JPMorgan Chase & Co. now owns 1,458,755 shares of the specialty chemicals company’s stock worth $670,328,000 after purchasing an additional 248,727 shares in the last quarter. Hedge funds and other institutional investors own 76.25% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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