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

The Sherwin-Williams Company (NYSE:SHW) SVP Bryan Young sold 2,513 shares of the business’s 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 sale, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded down $7.75 during midday trading on Wednesday, hitting $356.98. The company had a trading volume of 1,532,304 shares, compared to its average volume of 1,869,979. The company has a fifty day simple moving average of $348.18 and a 200 day simple moving average of $346.49. The stock has a market cap of $88.45 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 3.15 and a beta of 1.25. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.07. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. Sherwin-Williams’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 EPS. As a group, analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend 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 Investors Weigh In On Sherwin-Williams

Several hedge funds have recently bought and sold shares of SHW. MTM Investment Management LLC acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at $26,000. Ares Financial Consulting LLC acquired a new stake in Sherwin-Williams during the fourth quarter valued at $27,000. Lloyd Advisory Services LLC. purchased a new position in Sherwin-Williams in the fourth quarter valued at $27,000. Vermillion & White Wealth Management Group LLC increased its holdings in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 44 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the topic of several research analyst reports. UBS Group set a $420.00 price target on Sherwin-Williams in a research note on Friday, January 30th. JPMorgan Chase & Co. upped their target price on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target on the stock. in a report on Thursday, January 22nd. Wells Fargo & Company set a $410.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Mizuho increased their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.