Traders purchased shares of Sherwin-Williams Co (NYSE:SHW) on weakness during trading on Monday. $115.61 million flowed into the stock on the tick-up and $81.30 million flowed out of the stock on the tick-down, for a money net flow of $34.31 million into the stock. Of all companies tracked, Sherwin-Williams had the 29th highest net in-flow for the day. Sherwin-Williams traded down ($0.54) for the day and closed at $451.89
Several research firms recently weighed in on SHW. Morgan Stanley lifted their price target on Sherwin-Williams from $455.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Zacks Investment Research lowered Sherwin-Williams from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. lowered Sherwin-Williams from an “overweight” rating to a “neutral” rating and set a $435.00 price target on the stock. in a research report on Friday, March 22nd. They noted that the move was a valuation call. Evercore ISI started coverage on Sherwin-Williams in a research report on Wednesday, March 20th. They set an “outperform” rating and a $495.00 price target on the stock. Finally, KeyCorp boosted their target price on Sherwin-Williams from $450.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. Sherwin-Williams presently has a consensus rating of “Buy” and an average target price of $466.43.
The company has a debt-to-equity ratio of 2.33, a current ratio of 1.01 and a quick ratio of 0.59. The firm has a market capitalization of $41.71 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.02). Sherwin-Williams had a return on equity of 46.48% and a net margin of 6.32%. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the firm posted $3.16 earnings per share. Equities analysts anticipate that Sherwin-Williams Co will post 21.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s payout ratio is currently 24.39%.
In other news, SVP Allen J. Mistysyn sold 2,874 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $433.90, for a total transaction of $1,247,028.60. Following the transaction, the senior vice president now directly owns 10,599 shares of the company’s stock, valued at $4,598,906.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joel D. Baxter sold 7,621 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $439.15, for a total value of $3,346,762.15. Following the transaction, the insider now directly owns 10,308 shares in the company, valued at $4,526,758.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,839 shares of company stock worth $5,186,817. Corporate insiders own 0.50% of the company’s stock.
Large investors have recently made changes to their positions in the company. Berman Capital Advisors LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $28,000. Karp Capital Management Corp bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $33,000. JNBA Financial Advisors bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $35,000. PRW Wealth Management LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $35,000. Finally, Riverview Trust Co bought a new position in shares of Sherwin-Williams during the fourth quarter valued at $35,000. 77.70% of the stock is currently owned by hedge funds and other institutional investors.
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About Sherwin-Williams (NYSE:SHW)
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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