Sherwin-Williams Co. (NYSE: SHW) is 7.38% higher on its value in year-to-date trading and has touched a low of $205.43 and a high of $347.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SHW stock was last observed hovering at around $336.81 in the last trading session, with the day’s loss setting it -1.89%.
Currently trading at $334.92, the stock is 2.11% and 6.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -0.56% at the moment leaves the stock 20.97% off its SMA200. SHW registered 54.35% gain for a year compared to 6-month gain of 24.76%. The firm has a 50-day simple moving average (SMA 50) of $4.19 and a 200-day simple moving average (SMA200) of $23.29.
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The stock witnessed a 9.02% loss in the last 1 month and extending the period to 3 months gives it a 13.60%, and is -2.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.86% over the week and 1.53% over the month.
Sherwin-Williams Co. (SHW) has around 64088 employees, a market worth around $85.10B and $23.05B in sales. Current P/E ratio is 36.26 and Fwd P/E is 26.27. Profit margin for the company is 10.36%. Distance from 52-week low is 63.03% and -3.68% from its 52-week high. The company has generated returns on investments over the last 12 months (17.56%).
Sherwin-Williams Co. quarterly earnings per share for the current quarter are estimated at $2.21 with sales reaching $5.49B over the same period.The EPS is expected to grow by 10.46% this year, but quarterly earnings will post 3.10% year-over-year. Quarterly sales are estimated to grow 0.90% in year-over-year returns.
1,940 institutions hold shares in Sherwin-Williams Co. (SHW), with institutional investors hold 86.46% of the company’s shares. The shares outstanding are 254.50M, and float is at 233.67M with Short Float at 1.11%. Institutions hold 79.67% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 21.07 million shares valued at $5.59 billion. The investor’s holdings represent 8.19% of the SHW Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.23 million shares valued at $4.31 billion to account for 6.31% of the shares outstanding. The other top investors are State Street Corporation which holds 10.38 million shares representing 4.04% and valued at over $2.76 billion, while Massachusetts Financial Services Co. holds 2.26% of the shares totaling 5.82 million with a market value of $1.55 billion.
Sherwin-Williams Co. (SHW) Insider Activity
The most recent transaction is an insider sale by GARCEAU MARY L, the company’s SVP – CLO and Secretary. SEC filings show that GARCEAU MARY L sold 23,518 shares of the company’s common stock on Feb 26 ’24 at a price of $322.66 per share for a total of $7.59 million. Following the sale, the insider now owns 28475.0 shares.
Sherwin-Williams Co. disclosed in a document filed with the SEC on Feb 26 ’24 that Jorgenrud Karl J (President, Glob. Industrial) sold a total of 2,690 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $322.50 per share for $0.87 million. Following the transaction, the insider now directly holds 12941.0 shares of the SHW stock.
Still, SEC filings show that on Feb 23 ’24, Sofish Gregory P. (SVP – Human Resources) disposed off 1,830 shares at an average price of $320.70 for $0.59 million. The insider now directly holds 6,329 shares of Sherwin-Williams Co. (SHW).
