Sherwin-Williams (NYSE:SHW) Stock: Insider Bryan Young Sells 1,314 Shares

Key Points

• Insider sale: SVP Bryan Young sold 1,314 Sherwin-Williams shares for about $454,263, reducing his stake by 11.57% to 10,045 shares.
• Quarterly results: Earnings per share of $3.63 fell short of analysts’ $3.69 estimate, while revenue of $6.86 billion beat expectations and rose 7.9% year over year.
• Market outlook: Analysts’ consensus rating was “Moderate Buy,” with an average price target of $377.29. Sherwin-Williams also announced a quarterly dividend of $0.80 per share.

The Sherwin-Williams Company (NYSE:SHW - Get Free Report) SVP Bryan Young sold 1,314 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $345.71, for a total value of $454,262.94. Following the completion of the transaction, the senior vice president owned 10,045 shares of the company's stock, valued at $3,472,656.95. The trade was a 11.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sherwin-Williams Price Performance

Shares of NYSE SHW traded down $13.96 during trading on Thursday, hitting $349.54. 3,088,733 shares of the company were exchanged, compared to its average volume of 1,955,557. The company has a market cap of $84.44 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.84 and a beta of 1.05. The Sherwin-Williams Company has a 1 year low of $289.86 and a 1 year high of $377.77. The firm's fifty day moving average price is $329.67 and its 200 day moving average price is $333.09. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.71 and a quick ratio of 0.45.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share 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 return on equity of 69.51% and a net margin of 10.74%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $3.59 earnings per share. On average, sell-side analysts expect that The Sherwin-Williams Company will post 12.02 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 13th. Sherwin-Williams's dividend payout ratio is presently 29.41%.

Analyst Ratings Changes

SHW has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Sherwin-Williams from $369.00 to $383.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Rothschild & Co Redburn boosted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Tuesday, August 18th. Guggenheim restated a "buy" rating and issued a $375.00 price target (down from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 28th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $415.00 price objective (up from $390.00) on shares of Sherwin-Williams in a research note on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Sherwin-Williams from $355.00 to $375.00 and gave the stock a "hold" rating in a report on Wednesday, July 29th. 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.com, Sherwin-Williams currently has an average rating of "Moderate Buy" and an average target price of $377.29.

Hedge Funds Weigh In On Sherwin-Williams

Several hedge funds have recently added to or reduced their stakes in SHW. Wilkerson Advisory Group LLC increased its stake in shares of Sherwin-Williams by 172.4% during 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 in the last quarter. GK Wealth Management LLC purchased a new stake in Sherwin-Williams in the 3rd quarter valued at approximately $25,000. Whipplewood Advisors LLC purchased a new stake in Sherwin-Williams in the 1st quarter valued at approximately $28,000. Montgomery Financial Services LLC acquired a new stake in Sherwin-Williams during the 2nd quarter valued at $29,000. Finally, Tacita Capital Inc acquired a new stake in Sherwin-Williams during the 2nd quarter valued at $30,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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.

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