Sherwin-Williams Co (NYSE:SHW) insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the completion of the sale, the insider now owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Sherwin-Williams Co (NYSE:SHW) traded up $5.28 during midday trading on Thursday, hitting $406.47. 375,936 shares of the stock were exchanged, compared to its average volume of 629,899. Sherwin-Williams Co has a 1-year low of $265.14 and a 1-year high of $410.66. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. The firm has a market capitalization of $37,924.57, a P/E ratio of 29.22, a PEG ratio of 2.26 and a beta of 1.22.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the business posted $4.23 earnings per share. Sherwin-Williams’s revenue for the quarter was up 37.4% compared to the same quarter last year. analysts anticipate that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.90%.
A number of equities research analysts have weighed in on the company. Northcoast Research restated a “buy” rating and issued a $435.00 target price (up from $375.00) on shares of Sherwin-Williams in a research report on Friday, October 6th. Moffett Nathanson began coverage on Sherwin-Williams in a report on Monday. They issued a “buy” rating on the stock. Zacks Investment Research cut Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Vertical Research reaffirmed a “hold” rating and issued a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Finally, Jefferies Group upped their price target on Sherwin-Williams from $364.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. Sherwin-Williams presently has an average rating of “Hold” and a consensus target price of $402.32.
Hedge funds and other institutional investors have recently bought and sold shares of the company. NN Investment Partners Holdings N.V. boosted its holdings in Sherwin-Williams by 252.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,760 shares of the specialty chemicals company’s stock worth $618,000 after purchasing an additional 1,261 shares in the last quarter. Asset Advisors Corp boosted its holdings in Sherwin-Williams by 31.8% in the second quarter. Asset Advisors Corp now owns 5,745 shares of the specialty chemicals company’s stock worth $2,016,000 after purchasing an additional 1,385 shares in the last quarter. Investment House LLC bought a new stake in Sherwin-Williams in the second quarter worth $219,000. Hemenway Trust Co LLC boosted its holdings in Sherwin-Williams by 16.7% in the second quarter. Hemenway Trust Co LLC now owns 1,750 shares of the specialty chemicals company’s stock worth $614,000 after purchasing an additional 250 shares in the last quarter. Finally, Hermes Investment Management Ltd. bought a new stake in Sherwin-Williams in the second quarter worth $983,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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