Sherwin-Williams (NYSE:SHW) Price Target Raised to $420.00

by · The Markets Daily

Sherwin-Williams (NYSE:SHW – Free Report) had its price objective lifted by Evercore ISI from $400.00 to $420.00 in a research report released on Thursday,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

SHW has been the topic of a number of other research reports. Citigroup cut their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group raised their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a report on Monday, August 26th. Robert W. Baird upped their target price on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Finally, Morgan Stanley increased their price objective on Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $396.47.

Check Out Our Latest Analysis on SHW

Sherwin-Williams Stock Up 0.7 %

Sherwin-Williams stock opened at $386.67 on Thursday. The company has a 50 day moving average of $374.21 and a 200-day moving average of $338.89. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. Sherwin-Williams has a twelve month low of $251.69 and a twelve month high of $392.57. The stock has a market capitalization of $97.38 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 3.07 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW – Get Free Report) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. Sherwin-Williams’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company posted $3.20 EPS. On average, equities research analysts anticipate that Sherwin-Williams will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.74%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Institutional Trading of Sherwin-Williams

Institutional investors have recently bought and sold shares of the business. Valued Wealth Advisors LLC boosted its stake in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 32 shares during the period. HHM Wealth Advisors LLC raised its holdings in Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares in the last quarter. First Personal Financial Services bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $29,000. Semmax Financial Advisors Inc. grew its holdings in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares in the last quarter. Finally, VitalStone Financial LLC increased its position in shares of Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the period. Institutional investors own 77.67% of the company’s stock.

About Sherwin-Williams

(Get Free Report)

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

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