Sherwin-Williams (NYSE:SHW) SVP James Jaye Sells 2,301 Shares of Company Stock

The Sherwin-Williams Company (NYSE:SHW) SVP James Jaye sold 2,301 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $345.56, for a total transaction of $795,133.56. Following the sale, the senior vice president directly owned 6,936 shares of the company’s stock, valued at approximately $2,396,804.16. The trade was a 24.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sherwin-Williams Trading Down 3.8%

SHW opened at $349.54 on Friday. The Sherwin-Williams Company has a fifty-two week low of $289.86 and a fifty-two week high of $377.77. The firm has a market capitalization of $84.44 billion, a PE ratio of 30.52, a P/E/G ratio of 3.03 and a beta of 1.05. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.71 and a quick ratio of 0.45. The company’s 50-day moving average is $329.69 and its 200 day moving average is $333.05.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.06). The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.78 billion. Sherwin-Williams had a net margin of 10.74% and a return on equity of 69.51%. Sherwin-Williams’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.59 EPS. As a group, research analysts predict that The Sherwin-Williams Company will post 12.02 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 13th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.41%.

Hedge Funds Weigh In On Sherwin-Williams

Several hedge funds have recently modified their holdings of SHW. Wilkerson Advisory Group LLC raised its position in Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares during the period. GK Wealth Management LLC bought a new stake in Sherwin-Williams in the third quarter worth $25,000. Whipplewood Advisors LLC purchased a new stake in Sherwin-Williams during the first quarter valued at about $28,000. Montgomery Financial Services LLC purchased a new stake in Sherwin-Williams during the second quarter valued at about $29,000. Finally, Tacita Capital Inc bought a new position in shares of Sherwin-Williams during the second quarter valued at about $30,000. Institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on Sherwin-Williams from $355.00 to $375.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Royal Bank Of Canada dropped their price objective on Sherwin-Williams from $392.00 to $383.00 and set an “outperform” rating on the stock in a research note on Thursday, October 29th. Rothschild & Co Redburn raised their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Barclays set a $329.00 price objective on shares of Sherwin-Williams and gave the stock an “equal weight” rating in a report on Wednesday, October 28th. Finally, Melius Research assumed coverage on shares of Sherwin-Williams in a research note on Tuesday, October 6th. They issued a “hold” rating and a $367.00 target price for the company. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $377.29.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.