Bryan Young Sells 2,513 Shares of Sherwin-Williams (NYSE:SHW) Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Bryan Young sold 2,513 shares of Sherwin-Williams stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the transaction, the senior vice president owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sherwin-Williams Trading Down 2.1%

SHW stock traded down $7.75 during midday trading on Wednesday, reaching $356.98. 1,532,304 shares of the company traded hands, compared to its average volume of 1,869,979. The Sherwin-Williams Company has a 52-week low of $308.84 and a 52-week high of $379.65. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. The business has a 50 day moving average of $348.18 and a 200-day moving average of $346.49. The firm has a market capitalization of $88.45 billion, a price-to-earnings ratio of 34.76, a P/E/G ratio of 3.15 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd 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 is Monday, March 2nd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s payout ratio is currently 30.77%.

Institutional Trading of Sherwin-Williams

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tempo Wealth LLC purchased a new position in Sherwin-Williams in the fourth quarter worth $1,469,000. MidFirst Bank purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at $3,392,000. Kera Capital Partners Inc. boosted its position in shares of Sherwin-Williams by 58.1% in the 4th quarter. Kera Capital Partners Inc. now owns 1,475 shares of the specialty chemicals company’s stock worth $523,000 after purchasing an additional 542 shares in the last quarter. MV Capital Management Inc. purchased a new position in Sherwin-Williams during the 4th quarter worth $529,000. Finally, Invesco Ltd. increased its position in Sherwin-Williams by 7.8% during the 4th quarter. Invesco Ltd. now owns 1,111,370 shares of the specialty chemicals company’s stock valued at $360,117,000 after buying an additional 80,651 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the company an “outperform” rating in a research report on Friday, January 30th. UBS Group set a $420.00 price target on Sherwin-Williams in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Citigroup reiterated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.67.

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.