Sherwin-Williams (NYSE:SHW) insider Peter J. Ippolito sold 750 shares of Sherwin-Williams stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $409.26, for a total value of $306,945.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of SHW stock opened at $385.71 on Friday. The stock has a market capitalization of $37,298.62, a P/E ratio of 27.03, a PEG ratio of 1.77 and a beta of 1.17. Sherwin-Williams has a 12 month low of $308.30 and a 12 month high of $435.15. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.67.
Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($0.23). The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.91 billion. Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. Sherwin-Williams’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.15 earnings per share. equities analysts anticipate that Sherwin-Williams will post 19.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were given a dividend of $0.86 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, February 23rd. Sherwin-Williams’s payout ratio is presently 24.11%.
Several institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in shares of Sherwin-Williams by 28.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,929 shares of the specialty chemicals company’s stock valued at $8,209,000 after purchasing an additional 5,041 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Sherwin-Williams by 27.6% during 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 purchasing an additional 288,492 shares in the last quarter. Carderock Capital Management Inc. lifted its holdings in shares of Sherwin-Williams by 4.3% during the 3rd quarter. Carderock Capital Management Inc. now owns 6,495 shares of the specialty chemicals company’s stock valued at $2,325,000 after purchasing an additional 270 shares in the last quarter. Atlantic Trust Group LLC bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $87,798,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 3.0% during 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 purchasing an additional 26,623 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.
A number of brokerages have recently weighed in on SHW. Robert W. Baird restated a “buy” rating and issued a $475.00 target price on shares of Sherwin-Williams in a research note on Wednesday, January 10th. Zacks Investment Research lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Royal Bank of Canada restated a “buy” rating on shares of Sherwin-Williams in a research note on Sunday, January 28th. Bank of America raised their target price on Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, KeyCorp restated a “buy” rating and issued a $500.00 target price (up from $465.00) on shares of Sherwin-Williams in a research note 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, ten have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus price target of $435.33.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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