Sherwin-Williams (NYSE:SHW) Stock: Insider Mary Garceau Sells 3,891 Shares

The Sherwin-Williams Company (NYSE:SHW) SVP Mary Garceau sold 3,891 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $350.42, for a total transaction of $1,363,484.22. Following the completion of the transaction, the senior vice president directly owned 31,466 shares in the company, valued at approximately $11,026,315.72. This represents a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sherwin-Williams Trading Down 3.8%

Shares of SHW stock opened at $349.54 on Friday. The firm has a 50 day moving average price of $329.69 and a two-hundred day moving average price of $333.05. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $84.44 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.03 and a beta of 1.05. The Sherwin-Williams Company has a 12-month low of $289.86 and a 12-month high of $377.77.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter in the prior year, the firm earned $3.59 EPS. The company’s revenue was up 7.9% on a year-over-year basis. As a group, analysts predict that The Sherwin-Williams Company will post 12.02 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHW. DA Davidson set a $390.00 price objective on Sherwin-Williams and gave the stock a “buy” rating in a research report on Wednesday, October 28th. KeyCorp assumed coverage on shares of Sherwin-Williams in a research report on Thursday, September 10th. They issued a “sector weight” rating for the company. Royal Bank Of Canada decreased their price target on shares of Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Weiss Ratings lowered shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Finally, Guggenheim reaffirmed a “buy” rating and set a $375.00 price target (down from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, October 28th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $377.29.

Institutional Investors Weigh In On Sherwin-Williams

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at about $6,100,083,000. Wellington Management Group LLP increased its stake in shares of Sherwin-Williams by 133.7% in the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after buying an additional 1,593,009 shares during the period. Amundi raised its position in shares of Sherwin-Williams by 20.6% during the first quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock worth $705,497,000 after acquiring an additional 376,505 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Sherwin-Williams during the second quarter worth about $547,097,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Sherwin-Williams by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,417,166 shares of the specialty chemicals company’s stock worth $454,226,000 after acquiring an additional 39,853 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.