Sherwin-Williams (NYSE:SHW) SVP Bryan Young Sells 1,314 Shares of Company Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Bryan Young sold 1,314 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $345.71, for a total transaction of $454,262.94. Following the completion of the transaction, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,472,656.95. This represents a 11.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Sherwin-Williams Trading Down 3.8%

NYSE SHW opened at $349.54 on Friday. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $377.77. The firm has a 50 day moving average of $329.69 and a two-hundred day moving average of $333.05. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $84.44 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.03 and a beta of 1.05.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data 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). The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.78 billion. Sherwin-Williams had a net margin of 10.74% and a return on equity of 69.51%. Sherwin-Williams’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.59 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a $0.80 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research report on Monday, September 28th. Barclays set a $329.00 price objective on Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, October 28th. KeyCorp assumed coverage on Sherwin-Williams in a research report on Thursday, September 10th. They set a “sector weight” rating on the stock. Mizuho set a $396.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Finally, Melius Research initiated coverage on Sherwin-Williams in a report on Tuesday, October 6th. They issued a “hold” rating and a $367.00 price target for the company. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $377.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Sherwin-Williams during the second quarter valued at about $6,100,083,000. Wellington Management Group LLP increased its stake in Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after acquiring an additional 1,593,009 shares during the last quarter. Amundi increased its stake in Sherwin-Williams by 20.6% during the first quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock worth $705,497,000 after acquiring an additional 376,505 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Sherwin-Williams in the 2nd quarter worth about $547,097,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Sherwin-Williams by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,417,166 shares of the specialty chemicals company’s stock worth $454,226,000 after purchasing an additional 39,853 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

About Sherwin-Williams

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.