Investors Buy Shares of Sherwin-Williams (SHW) on Weakness
Investors bought shares of Sherwin-Williams Co (NYSE:SHW) on weakness during trading hours on Wednesday. $55.03 million flowed into the stock on the tick-up and $31.31 million flowed out of the stock on the tick-down, for a money net flow of $23.72 million into the stock. Of all stocks tracked, Sherwin-Williams had the 28th highest net in-flow for the day. Sherwin-Williams traded down ($1.19) for the day and closed at $410.20
SHW has been the topic of several recent research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research note on Friday, September 1st. KeyCorp reaffirmed a “buy” rating and issued a $415.00 price objective on shares of Sherwin-Williams in a research note on Sunday, September 3rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, September 20th. Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 price objective on the stock in a research note on Wednesday, September 20th. Finally, Jefferies Group lifted their target price on shares of Sherwin-Williams from $364.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams presently has an average rating of “Buy” and an average price target of $413.64.
The firm has a market capitalization of $38,470.00, a PE ratio of 34.76, a P/E/G ratio of 2.30 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.81%.
In other Sherwin-Williams news, SVP Robert J. Wells sold 2,946 shares of Sherwin-Williams stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the sale, the senior vice president now directly owns 18,363 shares in the company, valued at $7,512,486.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Davisson sold 1,000 shares of Sherwin-Williams stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $407.11, for a total transaction of $407,110.00. The disclosure for this sale can be found here. Insiders sold 15,122 shares of company stock valued at $5,969,846 over the last quarter. Corporate insiders own 1.69% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Sherwin-Williams by 5.0% in the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock worth $2,313,506,000 after buying an additional 315,903 shares during the last quarter. BlackRock Inc. raised its stake in Sherwin-Williams by 3.9% during the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after purchasing an additional 204,766 shares during the last quarter. FMR LLC raised its stake in Sherwin-Williams by 18.1% during the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after purchasing an additional 621,190 shares during the last quarter. Janus Henderson Group PLC raised its stake in Sherwin-Williams by 27.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after purchasing an additional 288,492 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in Sherwin-Williams by 11.3% during the 2nd quarter. Fiera Capital Corp now owns 1,282,221 shares of the specialty chemicals company’s stock valued at $450,009,000 after purchasing an additional 130,002 shares during the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.
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Sherwin-Williams Company Profile
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.
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