Mary L. Garceau Sells 15,770 Shares of The Sherwin-Williams Company (NYSE:SHW) Stock

The Sherwin-Williams Company (NYSE:SHW) SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Sherwin-Williams Stock Performance

SHW traded down $1.45 on Wednesday, reaching $394.69. 798,052 shares of the stock were exchanged, compared to its average volume of 1,642,036. The Sherwin-Williams Company has a fifty-two week low of $272.34 and a fifty-two week high of $400.42. The firm has a market capitalization of $99.40 billion, a PE ratio of 39.46, a PEG ratio of 3.22 and a beta of 1.17. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The company’s 50-day moving average price is $377.90 and its 200 day moving average price is $345.63.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the firm earned $3.20 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts forecast that The Sherwin-Williams Company will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.72%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.49%.

Hedge Funds Weigh In On Sherwin-Williams

A number of hedge funds have recently made changes to their positions in SHW. Franklin Resources Inc. boosted its stake in Sherwin-Williams by 5.8% during the third quarter. Franklin Resources Inc. now owns 1,412,722 shares of the specialty chemicals company’s stock worth $542,711,000 after buying an additional 78,075 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Sherwin-Williams by 10.7% during the 3rd quarter. Tidal Investments LLC now owns 16,153 shares of the specialty chemicals company’s stock worth $6,165,000 after acquiring an additional 1,567 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of Sherwin-Williams by 2,092.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 16,747 shares of the specialty chemicals company’s stock worth $6,392,000 after acquiring an additional 15,983 shares during the period. Arvest Bank Trust Division purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth $350,000. Finally, Sanctuary Advisors LLC raised its holdings in shares of Sherwin-Williams by 17.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 43,295 shares of the specialty chemicals company’s stock worth $16,812,000 after acquiring an additional 6,308 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group lifted their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus target price of $396.47.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.