The Sherwin-Williams Company (NYSE:SHW - Get Free Report) insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sherwin-Williams Stock Up 2.0 %
Shares of SHW stock traded up $7.26 during mid-day trading on Wednesday, hitting $362.54. The company's stock had a trading volume of 2,000,172 shares, compared to its average volume of 1,599,118. The stock has a market cap of $91.18 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.98 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42. The business has a 50-day moving average price of $351.99 and a 200 day moving average price of $365.84.
Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the previous year, the firm earned $1.81 earnings per share. Research analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.
Sherwin-Williams Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.79 dividend. This is a positive change from Sherwin-Williams's previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.87%. Sherwin-Williams's dividend payout ratio is 29.95%.
Hedge Funds Weigh In On Sherwin-Williams
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH raised its position in Sherwin-Williams by 4.8% during the fourth quarter. Siemens Fonds Invest GmbH now owns 8,929 shares of the specialty chemicals company's stock valued at $3,025,000 after purchasing an additional 406 shares during the period. Cim LLC boosted its position in shares of Sherwin-Williams by 0.6% in the 4th quarter. Cim LLC now owns 7,328 shares of the specialty chemicals company's stock worth $2,491,000 after purchasing an additional 42 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth about $27,000. Menard Financial Group LLC purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at about $101,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Sherwin-Williams during the 4th quarter valued at about $103,359,000. 77.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
SHW has been the subject of several analyst reports. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Evercore ISI raised their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a report on Friday, January 31st. Citigroup reissued a "buy" rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Finally, StockNews.com cut shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research report on Thursday, November 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus price target of $403.31.
Get Our Latest Stock Analysis on SHW
About Sherwin-Williams
(
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The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.
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