Sherwin-Williams Co (NYSE:SHW) insider Robert J. Davisson sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $335.00, for a total value of $3,517,500.00. Following the completion of the transaction, the insider now directly owns 7,166 shares in the company, valued at approximately $2,400,610. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, April 20th. The specialty chemicals company reported $2.27 EPS for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.20. Sherwin-Williams had a net margin of 9.40% and a return on equity of 82.20%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the prior year, the company earned $1.81 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 19th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, May 17th. Sherwin-Williams’s payout ratio is presently 28.50%.
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Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Sherwin-Williams by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,276,033 shares of the specialty chemicals company’s stock worth $1,946,763,000 after buying an additional 365,675 shares during the last quarter. BlackRock Inc. increased its position in Sherwin-Williams by 1,591.2% in the first quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock worth $1,634,079,000 after buying an additional 4,956,505 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Sherwin-Williams by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock worth $1,322,887,000 after buying an additional 136,991 shares in the last quarter. State Street Corp increased its position in Sherwin-Williams by 1.0% in the first quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock worth $1,188,731,000 after buying an additional 39,010 shares in the last quarter. Finally, FMR LLC increased its position in Sherwin-Williams by 10.9% in the first quarter. FMR LLC now owns 3,433,712 shares of the specialty chemicals company’s stock worth $1,065,103,000 after buying an additional 338,320 shares in the last quarter. 72.94% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Sherwin-Williams from a “hold” rating to a “sell” rating in a research note on Tuesday, January 24th. Vetr downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $313.74 price target on the stock. in a research note on Thursday, January 26th. Credit Suisse Group AG set a $325.00 price target on Sherwin-Williams and gave the company a “buy” rating in a research note on Friday, January 27th. Finally, Morgan Stanley set a $335.00 price target on Sherwin-Williams and gave the company a “buy” rating in a research note on Tuesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $340.73.
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.
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