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

The Sherwin-Williams Company (NYSE:SHW) SVP Mary Garceau sold 3,891 shares of the stock in a transaction on 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 owned 31,466 shares of the company’s stock, valued at approximately $11,026,315.72. This represents a 11.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $363.70 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.45 and a current ratio of 0.71. The firm’s 50-day simple moving average is $329.67 and its 200-day simple moving average is $333.09. The Sherwin-Williams Company has a twelve month low of $289.86 and a twelve month high of $377.77. The firm has a market cap of $87.87 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.84 and a beta of 1.05.

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

Sherwin-Williams Announces Dividend

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

Institutional Trading of Sherwin-Williams

Several large investors have recently added to or reduced their stakes in SHW. Milestone Asset Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $3,153,000. Caisse de depot et placement du Quebec acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at $5,473,000. William John Sempolinski bought a new position in shares of Sherwin-Williams in the 2nd quarter worth $2,456,000. BlackRock Inc. bought a new position in shares of Sherwin-Williams in the 2nd quarter worth $6,100,083,000. Finally, First Citizens Bank & Trust Co. grew its stake in shares of Sherwin-Williams by 421.7% during the third quarter. First Citizens Bank & Trust Co. now owns 4,309 shares of the specialty chemicals company’s stock worth $1,393,000 after purchasing an additional 3,483 shares during the period. 77.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SHW. The Goldman Sachs Group reissued a “buy” rating and issued a $415.00 target price (up from $390.00) on shares of Sherwin-Williams in a report on Friday, October 9th. Royal Bank Of Canada decreased their price target on Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. KeyCorp initiated coverage on Sherwin-Williams in a research report on Thursday, September 10th. They issued a “sector weight” rating on the stock. Weiss Ratings cut Sherwin-Williams from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $353.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $377.29.

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.