Insider Selling: Susan J. Kropf Sells 1,000 Shares of Sherwin-Williams Company Stock (SHW)
Sherwin-Williams Company (NYSE:SHW) Director Susan J. Kropf unloaded 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $217.16, for a total transaction of $217,160.00. Following the completion of the sale, the director now directly owns 12,259 shares of the company’s stock, valued at approximately $2,662,164. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Sherwin-Williams Company (NYSE:SHW) traded down 0.44% on Friday, hitting $217.17. 43,055 shares of the company’s stock traded hands. Sherwin-Williams Company has a 52 week low of $168.40 and a 52 week high of $219.21. The stock has a 50-day moving average of $210.6 and a 200-day moving average of $202.6. The company has a market cap of $20.978 billion and a P/E ratio of 28.16.
Sherwin-Williams Company (NYSE:SHW) last announced its earnings results on Thursday, July 17th. The company reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.01. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that Sherwin-Williams Company will post $8.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, August 13th.
SHW has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Wednesday, July 23rd. They now have a $219.00 price target on the stock, up previously from $211.00. Separately, analysts at Susquehanna raised their price target on shares of Sherwin-Williams Company from $232.00 to $240.00 in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Monday, July 21st. They now have a $223.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $216.18.
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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