Traders Buy Shares of Sherwin-Williams (SHW) on Weakness

Traders bought shares of Sherwin-Williams Co (NYSE:SHW) on weakness during trading hours on Thursday. $103.56 million flowed into the stock on the tick-up and $73.60 million flowed out of the stock on the tick-down, for a money net flow of $29.96 million into the stock. Of all stocks tracked, Sherwin-Williams had the 15th highest net in-flow for the day. Sherwin-Williams traded down ($2.59) for the day and closed at $455.52

A number of brokerages have recently commented on SHW. Gabelli began coverage on Sherwin-Williams in a research report on Friday, September 21st. They set a “buy” rating and a $553.00 price objective for the company. Seaport Global Securities downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, September 17th. They noted that the move was a valuation call. Edward Jones assumed coverage on Sherwin-Williams in a research report on Tuesday, September 4th. They set a “hold” rating for the company. Zacks Investment Research lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Northcoast Research restated a “buy” rating and issued a $465.00 target price on shares of Sherwin-Williams in a report on Friday, July 27th. Ten investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Sherwin-Williams has an average rating of “Buy” and an average price target of $465.95.

The company has a debt-to-equity ratio of 2.59, a quick ratio of 0.75 and a current ratio of 1.20. The company has a market capitalization of $43.10 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 24th. The specialty chemicals company reported $5.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.59 by $0.14. Sherwin-Williams had a net margin of 10.84% and a return on equity of 46.68%. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the business posted $4.52 earnings per share. Sherwin-Williams’s revenue for the quarter was up 27.8% compared to the same quarter last year. equities research analysts predict that Sherwin-Williams Co will post 19.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Friday, August 17th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.11%.

In other news, Chairman John G. Morikis sold 20,946 shares of the company’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $439.30, for a total value of $9,201,577.80. Following the transaction, the chairman now directly owns 104,907 shares of the company’s stock, valued at $46,085,645.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Thomas P. Gilligan sold 5,080 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $458.04, for a total transaction of $2,326,843.20. Following the completion of the transaction, the senior vice president now directly owns 7,043 shares in the company, valued at $3,225,975.72. The disclosure for this sale can be found here. Insiders sold 34,775 shares of company stock worth $15,411,619 over the last ninety days. 0.78% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Trail Advisors LLC increased its position in Sherwin-Williams by 37,388.4% during the first quarter. Summit Trail Advisors LLC now owns 113,215 shares of the specialty chemicals company’s stock worth $113,000 after buying an additional 112,913 shares during the last quarter. Fort L.P. acquired a new position in Sherwin-Williams during the second quarter worth $124,000. Valeo Financial Advisors LLC increased its position in Sherwin-Williams by 168.6% during the second quarter. Valeo Financial Advisors LLC now owns 325 shares of the specialty chemicals company’s stock worth $142,000 after buying an additional 204 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Sherwin-Williams by 10,109.0% during the second quarter. Moneta Group Investment Advisors LLC now owns 28,279 shares of the specialty chemicals company’s stock worth $161,000 after buying an additional 28,002 shares during the last quarter. Finally, BTIM Corp. acquired a new position in Sherwin-Williams during the second quarter worth $201,000. 78.87% of the stock is currently owned by institutional investors and hedge funds.

About Sherwin-Williams (NYSE:SHW)

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.

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