Insider Selling: Sherwin-Williams Co (NYSE:SHW) Chairman Sells 16,260 Shares of Stock

Sherwin-Williams Co (NYSE:SHW) Chairman John G. Morikis sold 16,260 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $471.26, for a total transaction of $7,662,687.60. Following the completion of the sale, the chairman now owns 112,276 shares of the company’s stock, valued at approximately $52,911,187.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

SHW traded down $5.36 during midday trading on Friday, reaching $473.65. 478,075 shares of the company’s stock were exchanged, compared to its average volume of 530,276. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 2.52. The stock has a market cap of $44.22 billion, a P/E ratio of 25.56, a PEG ratio of 1.99 and a beta of 1.26. Sherwin-Williams Co has a 1-year low of $355.28 and a 1-year high of $479.64.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.03). The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.09 billion. Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.57 EPS. As a group, analysts forecast that Sherwin-Williams Co will post 21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s payout ratio is currently 24.39%.

Several analysts have recently commented on SHW shares. Zacks Investment Research cut shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. KeyCorp raised their price objective on shares of Sherwin-Williams from $450.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, February 22nd. Evercore ISI assumed coverage on shares of Sherwin-Williams in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $495.00 price objective for the company. JPMorgan Chase & Co. cut shares of Sherwin-Williams from an “overweight” rating to a “neutral” rating and set a $435.00 price objective for the company. in a research note on Friday, March 22nd. They noted that the move was a valuation call. Finally, Morgan Stanley raised their price objective on shares of Sherwin-Williams from $455.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $480.05.

Institutional investors and hedge funds have recently made changes to their positions in the business. Investors Research Corp purchased a new stake in shares of Sherwin-Williams during the first quarter worth about $25,000. Thor Advisors LLC purchased a new stake in shares of Sherwin-Williams during the first quarter worth about $25,000. Berman Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $28,000. Penserra Capital Management LLC purchased a new stake in shares of Sherwin-Williams during the first quarter worth about $28,000. Finally, Karp Capital Management Corp purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $33,000. Institutional investors own 76.20% of the company’s stock.

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About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Insider Buying and Selling by Quarter for Sherwin-Williams (NYSE:SHW)

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