Davie Colin M., President and General Manager of the Global Supply Chain at Sherwin-Williams Co. (NYSE:SHW), recently sold 2,799 shares of the company’s common stock. The transaction, which took place on February 27, 2025, was executed at a price of $360.304 per share, amounting to a total value of approximately $1,008,490. The sale comes as the $89.86 billion chemicals company trades near its 52-week high of $400.42, with InvestingPro analysis indicating the stock is currently overvalued.
Following this sale, Colin’s direct ownership stands at 5,365 shares. Additionally, he holds 511.33 shares indirectly through the Sherwin-Williams Company 401(k) Plan, as per the trustee’s statement dated February 18, 2025. The company maintains strong financial health with a GOOD rating from InvestingPro, which has identified 14 additional key investment factors for SHW, including its 32-year track record of consecutive dividend increases and prominent position in the chemicals industry.
In other recent news, Sherwin-Williams announced its intention to acquire BASF’s Brazilian architectural paints business for $1.15 billion. This acquisition is expected to be completed in the second half of 2025, pending customary closing conditions and Brazilian regulatory approval. Moody’s Ratings confirmed that Sherwin-Williams’ credit profile remains unaffected by this acquisition, as the company plans to generate significant free cash flow and maintain its credit metrics. Citi analyst Pat Cunningham resumed coverage on Sherwin-Williams, issuing a Buy rating with a $423 price target, reflecting confidence in the company’s strategic direction. Meanwhile, RBC Capital Markets adjusted its price target for Sherwin-Williams to $415 from $438, maintaining an Outperform rating despite lowering earnings per share estimates. KeyBanc reaffirmed a Sector Weight rating, noting the strategic logic behind the acquisition and its fair valuation. The company plans to finance the acquisition through a mix of cash and debt, with expected cost synergies enhancing the transaction’s value. Investors are closely watching these developments, which could significantly impact Sherwin-Williams’ operations in Brazil.
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