Insider Selling: Sherwin-Williams Co (NYSE:SHW) Director Sells 501 Shares of Stock

Sherwin-Williams Co (NYSE:SHW) Director David F. Hodnik sold 501 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $521.57, for a total transaction of $261,306.57. Following the completion of the transaction, the director now directly owns 9,569 shares in the company, valued at approximately $4,990,903.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sherwin-Williams stock traded down $13.80 during mid-day trading on Monday, reaching $496.68. 284,854 shares of the company’s stock traded hands, compared to its average volume of 604,162. The stock has a market capitalization of $47.09 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.00 and a beta of 1.27. The firm’s 50 day moving average price is $473.66. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.50 and a current ratio of 0.80. Sherwin-Williams Co has a 12-month low of $355.28 and a 12-month high of $523.26.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.35 by $0.22. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.94 billion. Sherwin-Williams had a net margin of 6.61% and a return on equity of 48.92%. Sherwin-Williams’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.73 earnings per share. As a group, sell-side analysts forecast that Sherwin-Williams Co will post 21.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 15th. Sherwin-Williams’s payout ratio is 24.39%.

A number of institutional investors have recently added to or reduced their stakes in SHW. Dimensional Fund Advisors LP increased its position in Sherwin-Williams by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 249,847 shares of the specialty chemicals company’s stock valued at $98,302,000 after acquiring an additional 20,668 shares during the last quarter. Geode Capital Management LLC increased its position in Sherwin-Williams by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 938,381 shares of the specialty chemicals company’s stock valued at $368,468,000 after acquiring an additional 64,106 shares during the last quarter. Rockland Trust Co. increased its position in Sherwin-Williams by 0.3% during the first quarter. Rockland Trust Co. now owns 27,567 shares of the specialty chemicals company’s stock valued at $11,873,000 after acquiring an additional 89 shares during the last quarter. Surevest Inc. increased its position in Sherwin-Williams by 126.4% during the first quarter. Surevest Inc. now owns 1,569 shares of the specialty chemicals company’s stock valued at $676,000 after acquiring an additional 876 shares during the last quarter. Finally, We Are One Seven LLC increased its position in Sherwin-Williams by 83.6% during the first quarter. We Are One Seven LLC now owns 2,403 shares of the specialty chemicals company’s stock valued at $1,035,000 after acquiring an additional 1,094 shares during the last quarter. 76.28% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on SHW shares. Robert W. Baird boosted their target price on shares of Sherwin-Williams from $480.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Wells Fargo & Co boosted their target price on shares of Sherwin-Williams from $510.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. BMO Capital Markets boosted their target price on shares of Sherwin-Williams to $517.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. They noted that the move was a valuation call. Northcoast Research reissued a “neutral” rating on shares of Sherwin-Williams in a report on Monday, July 29th. Finally, Wolfe Research downgraded shares of Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $513.37.

About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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