Robert J. Davisson Sells 10,500 Shares of Sherwin-Williams Co (SHW) Stock
Sherwin-Williams Co (NYSE:SHW) insider Robert J. Davisson sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $335.00, for a total value of $3,517,500.00. Following the completion of the sale, the insider now owns 7,166 shares in the company, valued at approximately $2,400,610. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Sherwin-Williams Co (NYSE:SHW) traded up 0.43% on Friday, reaching $332.63. The company had a trading volume of 136,659 shares. The company has a market capitalization of $30.78 billion, a PE ratio of 26.06 and a beta of 1.00. The company’s 50-day moving average is $324.26 and its 200-day moving average is $295.86. Sherwin-Williams Co has a one year low of $239.48 and a one year high of $339.62.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.20. Sherwin-Williams had a net margin of 9.40% and a return on equity of 82.20%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period last year, the firm earned $1.81 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Sherwin-Williams Co will post $14.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be given a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $3.40 annualized dividend and a yield of 1.03%. Sherwin-Williams’s payout ratio is presently 28.50%.
Several equities analysts have recently commented on SHW shares. Credit Suisse Group AG set a $325.00 target price on Sherwin-Williams and gave the company a “buy” rating in a research report on Friday, January 27th. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $349.00 target price on the stock in a report on Tuesday, February 21st. Morgan Stanley set a $335.00 target price on Sherwin-Williams and gave the company a “buy” rating in a report on Tuesday, February 7th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $350.00 target price on shares of Sherwin-Williams in a report on Tuesday, March 28th. Finally, Barclays PLC raised their target price on Sherwin-Williams from $310.00 to $335.00 and gave the company an “equal weight” rating in a report on Monday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $340.73.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. increased its position in Sherwin-Williams by 0.3% in the first quarter. First Citizens Bank & Trust Co. now owns 1,160 shares of the specialty chemicals company’s stock valued at $360,000 after buying an additional 3 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Sherwin-Williams by 0.9% in the third quarter. Brookstone Capital Management now owns 765 shares of the specialty chemicals company’s stock valued at $211,000 after buying an additional 7 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Sherwin-Williams by 1.3% in the first quarter. Alpha Windward LLC now owns 826 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 11 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Sherwin-Williams by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its stake in shares of Sherwin-Williams by 0.8% in the first quarter. Meridian Wealth Management LLC now owns 1,316 shares of the specialty chemicals company’s stock valued at $408,000 after buying an additional 11 shares during the last quarter. Institutional investors and hedge funds own 72.94% of the company’s stock.
Sherwin-Williams Company Profile
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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