David F. Hodnik Sells 524 Shares of Sherwin-Williams Co (SHW) Stock

Sherwin-Williams Co (NYSE:SHW) Director David F. Hodnik sold 524 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $447.19, for a total value of $234,327.56. Following the sale, the director now directly owns 10,105 shares in the company, valued at approximately $4,518,854.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Sherwin-Williams traded down $1.96, reaching $442.09, during midday trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 514 shares, compared to its average volume of 680,369. The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.75 and a current ratio of 1.20. Sherwin-Williams Co has a 52-week low of $326.68 and a 52-week high of $450.83. The stock has a market cap of $41.47 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 1.93 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 24th. The specialty chemicals company reported $5.73 EPS for the quarter, beating analysts’ consensus estimates of $5.59 by $0.14. Sherwin-Williams had a return on equity of 46.68% and a net margin of 10.84%. The company had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the business posted $4.52 earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. sell-side analysts predict that Sherwin-Williams Co will post 19.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Friday, August 17th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.11%.

Several large investors have recently made changes to their positions in the company. Motley Fool Asset Management LLC raised its stake in shares of Sherwin-Williams by 14.5% in the second quarter. Motley Fool Asset Management LLC now owns 980 shares of the specialty chemicals company’s stock worth $399,000 after purchasing an additional 124 shares during the last quarter. Granite Investment Advisors LLC raised its stake in shares of Sherwin-Williams by 3.2% in the second quarter. Granite Investment Advisors LLC now owns 3,980 shares of the specialty chemicals company’s stock worth $1,622,000 after purchasing an additional 125 shares during the last quarter. 1ST Source Bank raised its stake in shares of Sherwin-Williams by 24.0% in the second quarter. 1ST Source Bank now owns 657 shares of the specialty chemicals company’s stock worth $267,000 after purchasing an additional 127 shares during the last quarter. World Asset Management Inc raised its stake in shares of Sherwin-Williams by 2.4% in the second quarter. World Asset Management Inc now owns 6,169 shares of the specialty chemicals company’s stock worth $2,514,000 after purchasing an additional 145 shares during the last quarter. Finally, Cypress Capital Group raised its stake in shares of Sherwin-Williams by 3.6% in the first quarter. Cypress Capital Group now owns 4,523 shares of the specialty chemicals company’s stock worth $1,773,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 75.07% of the company’s stock.

SHW has been the topic of a number of recent research reports. ValuEngine raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Credit Suisse Group set a $457.00 price objective on Sherwin-Williams and gave the company a “buy” rating in a research report on Tuesday, July 3rd. Bank of America raised their price objective on Sherwin-Williams from $470.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Royal Bank of Canada reaffirmed a “buy” rating and set a $485.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 25th. Finally, Northcoast Research reaffirmed a “buy” rating and set a $465.00 price objective on shares of Sherwin-Williams in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $461.60.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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