Sherwin-Williams Co (NYSE:SHW) insider Robert J. Davisson sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $407.11, for a total value of $407,110.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Sherwin-Williams Co (SHW) traded down $1.38 on Wednesday, hitting $405.55. The stock had a trading volume of 561,100 shares, compared to its average volume of 632,085. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. The stock has a market cap of $38,053.62, a PE ratio of 29.32, a PEG ratio of 2.27 and a beta of 1.22. Sherwin-Williams Co has a fifty-two week low of $263.89 and a fifty-two week high of $410.66.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The business’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.23 EPS. research analysts forecast that Sherwin-Williams Co will post 15.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, November 16th. Sherwin-Williams’s payout ratio is presently 29.90%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Sherwin-Williams by 3.9% during the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after acquiring an additional 204,766 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Sherwin-Williams by 6.1% during the 2nd quarter. Principal Financial Group Inc. now owns 809,752 shares of the specialty chemicals company’s stock worth $284,191,000 after acquiring an additional 46,800 shares in the last quarter. Andra AP fonden raised its position in shares of Sherwin-Williams by 13.6% during the 2nd quarter. Andra AP fonden now owns 14,200 shares of the specialty chemicals company’s stock worth $4,984,000 after acquiring an additional 1,700 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Sherwin-Williams by 7.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after acquiring an additional 29 shares in the last quarter. Finally, Capital Analysts LLC raised its position in shares of Sherwin-Williams by 7.4% during the 2nd quarter. Capital Analysts LLC now owns 2,823 shares of the specialty chemicals company’s stock worth $991,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

SHW has been the subject of a number of research analyst reports. KeyCorp restated a “buy” rating and set a $415.00 target price on shares of Sherwin-Williams in a report on Sunday, September 3rd. Wells Fargo & Company restated a “market perform” rating and set a $400.00 target price (up from $360.00) on shares of Sherwin-Williams in a report on Wednesday, October 25th. UBS raised their target price on Sherwin-Williams from $375.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Citigroup raised their target price on Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird restated a “buy” rating and set a $375.00 target price on shares of Sherwin-Williams in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $402.32.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Sherwin-Williams Co (SHW) Insider Sells 1,000 Shares of Stock” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.americanbankingnews.com/2017/12/06/insider-selling-sherwin-williams-co-shw-insider-sells-1000-shares-of-stock.html.

About Sherwin-Williams

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Insider Buying and Selling by Quarter for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Co and related companies with MarketBeat.com's FREE daily email newsletter.