Large Outflow of Money Witnessed in Sherwin-Williams Company (The)

Shares of Sherwin-Williams Company (The) (SHW) traded 1.81 points or 0.6% higher at $305.62.The total intraday money flow for the shares came in at a disappointing $(-3.71) million. The total upticks amounted to $44.22 million and the total downticks were approximately $47.94 million, with the up/down ratio of 0.92. On a different note, the shares have seen 0.14% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $8.49 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-8.49) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of The Sherwin-Williams Company rose by 8.03% in the last five trading days and 13.93% for the last 4 weeks. The Sherwin-Williams Company is up 25.44% in the last 3-month period. Year-to-Date the stock performance stands at 13.93%. Sherwin-Williams Company (The) (NYSE:SHW) rose 0.78% or 2.37 points on Wednesday and made its way into the gainers of the day. After trading began at $302.2 the stock was seen hitting $306.58 as a peak level and $301.69 as the lowest level. The stock ended up at $306.18. The daily volume was measured at 770,505 shares. The 52-week high of the share price is $312.48 and the 52-week low is $239.48. The company has a market cap of $28,446 million.

Company has reported several Insider transactions to the SEC, on Jan 31, 2017, Allen J Mistysyn (SVP – Finance & CFO) sold 830 shares at 305.78 per share price.On Jan 31, 2017, Robert J Davisson (President, The Americas Group) sold 5,000 shares at 306.69 per share price.On Oct 31, 2016, John M Stropki (director) purchased 500 shares at 247.30 per share price.

Sherwin-Williams Co Last issued its quarterly earnings results on Jan 26, 2017. The company reported $2.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.06. Analyst had a consensus of $2.21. The company had revenue of $2782.59 million for the quarter, compared to analysts expectations of $2681.46 million. The companys revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Sherwin-Williams Co was Downgraded by Longbow to Neutral on Jan 5, 2017. Sherwin-Williams Co was Initiated by Atlantic Equities to Overweight on Nov 29, 2016.

Sherwin-Williams Co. is a manufacturer, distributor and retailer of paint, coatings and related products. It is the one of largest paint companies in the United States and in the world. Well known brands include Sherwin- Williams, Dutch Boy, Pratt & Lambert, Martin-Senour, Thompsons, Minwax and Krylon. (Company Press Release)

Sherwin-Williams

Share this post

Leave a Reply