Insider Selling: The Sherwin-Williams Company (NYSE:SHW) SVP Sells 15,770 Shares of Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sherwin-Williams Price Performance

Shares of SHW traded down $1.45 during mid-day trading on Wednesday, reaching $394.69. The stock had a trading volume of 798,052 shares, compared to its average volume of 1,642,036. The firm has a market cap of $99.40 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 3.22 and a beta of 1.17. The Sherwin-Williams Company has a 12 month low of $272.34 and a 12 month high of $400.42. The business has a fifty day moving average of $377.90 and a 200 day moving average of $345.63. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the business posted $3.20 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts predict that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Wall Street Analyst Weigh In

SHW has been the subject of a number of analyst reports. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. Citigroup decreased their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Robert W. Baird increased their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group upped their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $396.47.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SHW. Valued Wealth Advisors LLC grew its position in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares in the last quarter. HHM Wealth Advisors LLC grew its position in Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 45 shares in the last quarter. First Personal Financial Services purchased a new position in Sherwin-Williams in the third quarter worth about $29,000. Semmax Financial Advisors Inc. grew its position in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 60 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in Sherwin-Williams in the third quarter worth about $32,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

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.