Sherwin-Williams Co (NYSE:SHW) insider Peter J. Ippolito sold 750 shares of Sherwin-Williams stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $409.26, for a total value of $306,945.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Sherwin-Williams Co (NYSE SHW) traded down $1.24 during midday trading on Friday, reaching $409.03. The company’s stock had a trading volume of 709,522 shares, compared to its average volume of 671,283. The firm has a market cap of $38,590.00, a P/E ratio of 32.36, a P/E/G ratio of 1.84 and a beta of 1.17. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.12. Sherwin-Williams Co has a 52 week low of $305.70 and a 52 week high of $435.15.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the consensus estimate of $3.18 by ($0.23). The firm had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.91 billion. Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The business’s revenue was up 43.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 earnings per share. sell-side analysts anticipate that Sherwin-Williams Co will post 19.1 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were given a $0.86 dividend. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, February 23rd. Sherwin-Williams’s payout ratio is currently 27.11%.
Several research analysts have recently commented on the company. Robert W. Baird reiterated a “buy” rating and set a $475.00 price target on shares of Sherwin-Williams in a report on Wednesday, January 10th. Zacks Investment Research lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Royal Bank of Canada reiterated a “buy” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. Bank of America boosted their price objective on shares of Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, KeyCorp restated a “buy” rating and issued a $500.00 price objective (up from $465.00) on shares of Sherwin-Williams in a report on Monday, January 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $436.20.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Sherwin-Williams by 0.7% in the 4th quarter. BlackRock Inc. now owns 5,585,972 shares of the specialty chemicals company’s stock valued at $2,290,471,000 after acquiring an additional 41,384 shares in the last quarter. Janus Henderson Group PLC grew its position in Sherwin-Williams by 27.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after acquiring an additional 288,492 shares in the last quarter. Geode Capital Management LLC grew its position in Sherwin-Williams by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 914,472 shares of the specialty chemicals company’s stock valued at $374,223,000 after acquiring an additional 26,623 shares in the last quarter. Wells Fargo & Company MN grew its position in Sherwin-Williams by 9.6% in the 3rd quarter. Wells Fargo & Company MN now owns 738,780 shares of the specialty chemicals company’s stock valued at $264,514,000 after acquiring an additional 64,841 shares in the last quarter. Finally, Fred Alger Management Inc. grew its position in Sherwin-Williams by 57.3% in the 4th quarter. Fred Alger Management Inc. now owns 640,717 shares of the specialty chemicals company’s stock valued at $262,720,000 after acquiring an additional 233,329 shares in the last quarter. 74.97% of the stock is owned by institutional investors.
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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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