Traders Buy Sherwin-Williams (SHW) on Weakness Following Insider Selling
Investors bought shares of Sherwin-Williams Co (NYSE:SHW) on weakness during trading hours on Tuesday after an insider sold shares in the company. $88.20 million flowed into the stock on the tick-up and $38.74 million flowed out of the stock on the tick-down, for a money net flow of $49.46 million into the stock. Of all equities tracked, Sherwin-Williams had the 5th highest net in-flow for the day. Sherwin-Williams traded down ($1.63) for the day and closed at $437.55Specifically, SVP Allen J. Mistysyn sold 2,874 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $433.90, for a total transaction of $1,247,028.60. Following the transaction, the senior vice president now owns 10,599 shares in the company, valued at $4,598,906.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday. JPMorgan Chase & Co. upgraded shares of Sherwin-Williams from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $380.00 to $415.00 in a report on Monday, December 17th. Barclays lowered their target price on shares of Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, October 26th. KeyCorp lowered their target price on shares of Sherwin-Williams from $500.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, January 16th. Finally, Argus set a $480.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. Sherwin-Williams presently has a consensus rating of “Buy” and a consensus price target of $460.00.
The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.59 and a current ratio of 1.01. The company has a market cap of $41.12 billion, a P/E ratio of 23.71, a PEG ratio of 1.69 and a beta of 1.29.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Monday, February 25th will be paid a $1.13 dividend. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, February 22nd. This represents a $4.52 annualized dividend and a yield of 1.03%. Sherwin-Williams’s dividend payout ratio (DPR) is 18.56%.
A number of large investors have recently bought and sold shares of SHW. Neuberger Berman Group LLC grew its position in shares of Sherwin-Williams by 2.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 446,292 shares of the specialty chemicals company’s stock valued at $203,160,000 after acquiring an additional 12,747 shares during the period. Carroll Financial Associates Inc. grew its position in shares of Sherwin-Williams by 4.3% during the 4th quarter. Carroll Financial Associates Inc. now owns 657 shares of the specialty chemicals company’s stock valued at $260,000 after acquiring an additional 27 shares during the period. CAPROCK Group Inc. grew its position in shares of Sherwin-Williams by 13.5% during the 4th quarter. CAPROCK Group Inc. now owns 1,686 shares of the specialty chemicals company’s stock valued at $663,000 after acquiring an additional 201 shares during the period. Adams Natural Resources Fund Inc. bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at approximately $5,189,000. Finally, Trust Co. of Oklahoma grew its position in shares of Sherwin-Williams by 7.3% during the 4th quarter. Trust Co. of Oklahoma now owns 1,296 shares of the specialty chemicals company’s stock valued at $510,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 76.50% of the company’s stock.
Sherwin-Williams Company Profile (NYSE:SHW)
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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