Sherwin-Williams (NYSE:SHW) Insider Colin Davie Sells 2,976 Shares

The Sherwin-Williams Company (NYSE:SHW) insider Colin Davie sold 2,976 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $368.50 on Thursday. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock has a market cap of $91.35 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 3.12 and a beta of 1.25. The business has a fifty day simple moving average of $339.35 and a 200-day simple moving average of $344.31.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the business earned $2.09 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research note on Thursday, January 22nd. Wells Fargo & Company set a $410.00 price objective on Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Bank of America reduced their price objective on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $386.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. SFE Investment Counsel boosted its position in Sherwin-Williams by 47.1% during the fourth quarter. SFE Investment Counsel now owns 2,788 shares of the specialty chemicals company’s stock worth $903,000 after purchasing an additional 893 shares during the period. Biltmore Family Office LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter worth $223,000. Summit Wealth Group LLC Co. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $239,000. Legacy Financial Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 3.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,239 shares of the specialty chemicals company’s stock worth $402,000 after buying an additional 44 shares during the period. Finally, World Investment Advisors grew its stake in Sherwin-Williams by 127.4% in the 4th quarter. World Investment Advisors now owns 5,545 shares of the specialty chemicals company’s stock valued at $1,797,000 after buying an additional 3,107 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.