Sherwin-Williams Co (SHW) Director John M. Stropki Acquires 675 Shares of Stock

Sherwin-Williams Co (NYSE:SHW) Director John M. Stropki acquired 675 shares of Sherwin-Williams stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average cost of $375.00 per share, for a total transaction of $253,125.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sherwin-Williams stock opened at $393.47 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $36.03 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 1.57 and a beta of 1.24. Sherwin-Williams Co has a 12 month low of $355.28 and a 12 month high of $479.64.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 EPS for the quarter, missing the consensus estimate of $5.71 by ($0.03). The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.78 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 45.22%. On average, research analysts anticipate that Sherwin-Williams Co will post 19.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.87%. Sherwin-Williams’s dividend payout ratio (DPR) is 24.11%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in shares of Sherwin-Williams by 2.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,965,703 shares of the specialty chemicals company’s stock worth $1,616,302,000 after acquiring an additional 103,497 shares during the last quarter. Fiera Capital Corp raised its position in shares of Sherwin-Williams by 1.2% during the second quarter. Fiera Capital Corp now owns 1,327,123 shares of the specialty chemicals company’s stock worth $540,895,000 after acquiring an additional 15,992 shares during the last quarter. Bank of America Corp DE raised its position in shares of Sherwin-Williams by 6.0% during the second quarter. Bank of America Corp DE now owns 1,285,163 shares of the specialty chemicals company’s stock worth $523,795,000 after acquiring an additional 72,526 shares during the last quarter. Morgan Stanley raised its position in shares of Sherwin-Williams by 6.1% during the second quarter. Morgan Stanley now owns 1,161,177 shares of the specialty chemicals company’s stock worth $473,262,000 after acquiring an additional 67,038 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Sherwin-Williams by 5.8% during the first quarter. Principal Financial Group Inc. now owns 1,118,210 shares of the specialty chemicals company’s stock worth $438,474,000 after acquiring an additional 61,587 shares during the last quarter. Institutional investors own 78.20% of the company’s stock.

Several analysts recently weighed in on SHW shares. Gabelli started coverage on Sherwin-Williams in a research note on Friday, September 21st. They issued a “buy” rating and a $553.00 price objective on the stock. Seaport Global Securities lowered Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, September 17th. They noted that the move was a valuation call. ValuEngine lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 price objective on the stock in a research note on Tuesday, October 16th. Finally, Citigroup lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $492.00 to $435.00 in a research note on Wednesday, October 10th. Ten investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams has an average rating of “Buy” and a consensus target price of $467.40.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

Further Reading: Why do corrections happen?

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

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

Leave a Reply