Sherwin-Williams Company (The) (SHW) Insider Sells $924,881.76 in Stock

Sherwin-Williams Company (The) (NYSE:SHW) insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Sherwin-Williams Company (NYSE SHW) opened at $390.56 on Friday. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. Sherwin-Williams Company has a 1 year low of $261.65 and a 1 year high of $398.22. The company has a market cap of $36,522.79, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.18 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the firm posted $4.23 EPS. The firm’s revenue was up 37.4% on a year-over-year basis. equities analysts expect that Sherwin-Williams Company will post 15.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 29.90%.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/11/24/sherwin-williams-company-the-shw-insider-sells-924881-76-in-stock.html.

A number of large investors have recently bought and sold shares of SHW. Alps Advisors Inc. grew its position in shares of Sherwin-Williams Company (The) by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock valued at $542,000 after acquiring an additional 4 shares during the period. BRYN MAWR TRUST Co grew its position in shares of Sherwin-Williams Company (The) by 0.7% during the 2nd quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock valued at $361,000 after acquiring an additional 7 shares during the period. IFP Advisors Inc grew its position in shares of Sherwin-Williams Company (The) by 0.5% during the 2nd quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock valued at $599,000 after acquiring an additional 9 shares during the period. Valmark Advisers Inc. grew its position in shares of Sherwin-Williams Company (The) by 0.3% during the 2nd quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock valued at $1,288,000 after acquiring an additional 10 shares during the period. Finally, Legacy Capital Partners Inc. grew its position in shares of Sherwin-Williams Company (The) by 2.2% during the 2nd quarter. Legacy Capital Partners Inc. now owns 752 shares of the specialty chemicals company’s stock valued at $264,000 after acquiring an additional 16 shares during the period. 73.56% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on SHW shares. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Robert W. Baird reissued a “buy” rating and set a $375.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, September 1st. KeyCorp reissued a “buy” rating and set a $415.00 price target on shares of Sherwin-Williams Company (The) in a research report on Sunday, September 3rd. Royal Bank Of Canada reissued a “buy” rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, September 20th. Finally, Zacks Investment Research raised shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 price target for the company in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $398.25.

Sherwin-Williams Company (The) Company Profile

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.

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

Receive News & Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply