Today it was reported that the COB, Pres & CEO of Sherwin-Williams Company (SHW), John Morikis, exercised options to buy 417 SHW shares at $239.55 a share, for a total transaction value of $99.89K.
Following John Morikis’ last SHW Buy transaction on November 20, 2017, the stock climbed by 17.2%. In addition to John Morikis, 2 other SHW executives reported Buy trades in the last month.
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Based on Sherwin-Williams Company’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $4.73 billion and quarterly net profit of $354 million. In comparison, last year the company earned revenue of $4.51 billion and had a net profit of $317 million. SHW’s market cap is $37.67B and the company has a P/E ratio of 20.14. Currently, Sherwin-Williams Company has an average volume of 329.3K.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $466.11, reflecting a 16.5% upside. Six different firms, including Argus Research and Credit Suisse, currently also have a Buy rating on the stock.
The insider sentiment on Sherwin-Williams Company has been negative according to 69 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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The Sherwin-Williams Co. engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.
