Insider Selling: Sherwin-Williams Insider Sells 28,950 Shares of Stock (SHW)
Sherwin-Williams (NYSE:SHW) Insider Timothy A. Knight unloaded 28,950 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $191.26, for a total transaction of $5,536,977.00. Following the completion of the transaction, the insider now directly owns 13,417 shares in the company, valued at approximately $2,566,135. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on SHW shares. Analysts at Barclays cut their price target on shares of Sherwin-Williams from $205.00 to $197.00 in a research note on Tuesday, February 11th. They now have an “equal weight” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Sherwin-Williams from $167.00 to $170.00 in a research note on Tuesday, February 11th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sherwin-Williams in a research note on Tuesday, February 4th. They now have a $186.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Sherwin-Williams currently has an average rating of “Buy” and a consensus price target of $197.21.
Sherwin-Williams (NYSE:SHW) traded up 0.30% on Tuesday, hitting $191.735. The stock had a trading volume of 518,354 shares. Sherwin-Williams has a 52 week low of $153.94 and a 52 week high of $198.47. The stock’s 50-day moving average is $187.2 and its 200-day moving average is $181.8. The company has a market cap of $19.078 billion and a P/E ratio of 26.33.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Friday, January 31st. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by $0.10. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Analysts expect that Sherwin-Williams will post $8.44 EPS for the current fiscal year.
The Sherwin-Williams Company (NYSE:SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.
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