Traders Sell Shares of Sherwin-Williams Co. (SHW) on Strength (SHW)
Traders sold shares of Sherwin-Williams Co. (NYSE:SHW) on strength during trading hours on Friday. $39.81 million flowed into the stock on the tick-up and $56.68 million flowed out of the stock on the tick-down, for a money net flow of $16.87 million out of the stock. Of all stocks tracked, Sherwin-Williams had the 0th highest net out-flow for the day. Sherwin-Williams traded up $4.42 for the day and closed at $306.52
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Morgan Stanley reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Saturday, March 12th. Susquehanna raised Sherwin-Williams from a “neutral” rating to a “positive” rating and upped their price target for the company from $260.00 to $370.00 in a research report on Monday, March 21st. Longbow Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $340.00 price target on the stock in a research report on Wednesday, March 16th. Finally, Argus started coverage on Sherwin-Williams in a research report on Wednesday, April 6th. They set a “hold” rating and a $293.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus price target of $310.55.
The firm’s 50 day moving average is $291.86 and its 200-day moving average is $277.82. The firm has a market cap of $28.04 billion and a PE ratio of 26.94.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, April 21st. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.19. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The business earned $2.57 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Sherwin-Williams’s revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Sherwin-Williams Co. will post $12.67 earnings per share for the current year.
In related news, CFO Sean P. Hennessy sold 20,353 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $294.88, for a total value of $6,001,692.64. Following the sale, the chief financial officer now directly owns 92,747 shares in the company, valued at $27,349,235.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David B. Sewell sold 4,598 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $297.39, for a total value of $1,367,399.22. Following the completion of the sale, the insider now owns 13,115 shares in the company, valued at $3,900,269.85. The disclosure for this sale can be found here.
Several large investors have recently bought and sold shares of SHW. Wells Fargo & Company MN increased its stake in Sherwin-Williams by 170.0% in the fourth quarter. Wells Fargo & Company MN now owns 854,238 shares of the company’s stock worth $221,760,000 after buying an additional 537,797 shares in the last quarter. Janus Capital Management increased its stake in Sherwin-Williams by 48.8% in the third quarter. Janus Capital Management now owns 778,376 shares of the company’s stock worth $173,407,000 after buying an additional 255,380 shares in the last quarter. Alta Capital Management LLC purchased a new stake in Sherwin-Williams during the fourth quarter worth approximately $33,588,000. Greenleaf Trust increased its stake in Sherwin-Williams by 4,757.3% in the fourth quarter. Greenleaf Trust now owns 48,573 shares of the company’s stock worth $12,610,000 after buying an additional 47,573 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in Sherwin-Williams by 20.4% in the fourth quarter. OppenheimerFunds Inc. now owns 275,534 shares of the company’s stock worth $71,535,000 after buying an additional 46,730 shares in the last quarter.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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