Sherwin-Williams (NYSE:SHW) Insider Colin Davie Sells 2,976 Shares

The Sherwin-Williams Company (NYSE:SHW) insider Colin Davie sold 2,976 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the sale, the insider owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Sherwin-Williams Price Performance

NYSE:SHW traded up $8.86 during mid-day trading on Wednesday, reaching $368.50. 2,460,717 shares of the company were exchanged, compared to its average volume of 1,941,241. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The stock has a market cap of $91.35 billion, a PE ratio of 35.88, a PEG ratio of 3.10 and a beta of 1.25. The Sherwin-Williams Company has a 12 month low of $308.84 and a 12 month high of $379.65. The company has a fifty day moving average of $338.85 and a 200 day moving average of $344.14.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. Sherwin-Williams’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Institutional Investors Weigh In On Sherwin-Williams

Large investors have recently made changes to their positions in the stock. Johnson Investment Counsel Inc. lifted its position in Sherwin-Williams by 95.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after buying an additional 38,228 shares in the last quarter. Cordatus Wealth Management LLC boosted its position in Sherwin-Williams by 149.4% during the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after purchasing an additional 5,744 shares during the last quarter. Nordea Investment Management AB boosted its position in Sherwin-Williams by 16.1% during the third quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after purchasing an additional 17,422 shares during the last quarter. Inscription Capital LLC bought a new position in Sherwin-Williams in the third quarter valued at approximately $1,069,000. Finally, Lindenwold Advisors INC acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $1,303,000. Institutional investors own 77.67% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of a number of recent research reports. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 30th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Wednesday, January 7th. JPMorgan Chase & Co. upped their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Mizuho reduced their target price on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, December 18th. Finally, Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $386.33.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.