Sherwin-Williams Co (NYSE:SHW) insider Joel D. Baxter sold 2,376 shares of Sherwin-Williams stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sherwin-Williams Co (SHW) traded down $4.36 on Wednesday, reaching $401.19. The company had a trading volume of 372,344 shares, compared to its average volume of 630,928. Sherwin-Williams Co has a fifty-two week low of $263.89 and a fifty-two week high of $410.66. The company has a market capitalization of $38,053.62, a price-to-earnings ratio of 29.32, a PEG ratio of 2.27 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the company posted $4.23 earnings per share. Sherwin-Williams’s revenue was up 37.4% on a year-over-year basis. equities research analysts anticipate that Sherwin-Williams Co will post 15.04 earnings per share for the current year.
A number of equities research analysts recently commented on the company. Northcoast Research reaffirmed a “buy” rating and set a $435.00 price objective (up from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th. Moffett Nathanson assumed coverage on Sherwin-Williams in a report on Monday. They set a “buy” rating on the stock. Zacks Investment Research lowered Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Vertical Research reiterated a “hold” rating and set a $375.00 target price (up from $335.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Finally, Jefferies Group lifted their target price on Sherwin-Williams from $364.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $402.32.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. increased its position in Sherwin-Williams by 0.3% during the second quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock worth $542,000 after buying an additional 4 shares during the last quarter. BRYN MAWR TRUST Co increased its position in Sherwin-Williams by 0.7% during the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after buying an additional 7 shares during the last quarter. IFP Advisors Inc increased its position in Sherwin-Williams by 0.5% during the second quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock worth $599,000 after buying an additional 9 shares during the last quarter. Valmark Advisers Inc. increased its position in Sherwin-Williams by 0.3% during the second quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock worth $1,288,000 after buying an additional 10 shares during the last quarter. Finally, Legacy Capital Partners Inc. increased its position in Sherwin-Williams by 2.2% during the second quarter. Legacy Capital Partners Inc. now owns 752 shares of the specialty chemicals company’s stock worth $264,000 after buying an additional 16 shares during the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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