Mizuho Lowers Sherwin-Williams (NYSE:SHW) Price Target to $390.00

Sherwin-Williams (NYSE:SHW) had its price target cut by analysts at Mizuho from $400.00 to $390.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s target price indicates a potential upside of 18.97% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Citigroup upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Thursday. Bank of America reduced their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. Finally, UBS Group reaffirmed a “buy” rating and set a $422.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $390.20.

Sherwin-Williams Trading Down 0.0%

Shares of Sherwin-Williams stock opened at $327.81 on Thursday. The stock has a 50 day moving average of $335.75 and a 200 day moving average of $345.45. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. The firm has a market capitalization of $81.26 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 3.87 and a beta of 1.24. Sherwin-Williams has a fifty-two week low of $308.84 and a fifty-two week high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, research analysts predict that Sherwin-Williams will post 12 earnings per share for the current year.

Hedge Funds Weigh In On Sherwin-Williams

A number of institutional investors and hedge funds have recently modified their holdings of SHW. Vanguard Group Inc. raised its stake in Sherwin-Williams by 1.4% in the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock valued at $7,838,532,000 after buying an additional 309,153 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after acquiring an additional 1,505,341 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Sherwin-Williams by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock valued at $1,746,222,000 after acquiring an additional 90,482 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Sherwin-Williams by 2.2% during the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock worth $1,539,652,000 after acquiring an additional 93,209 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Sherwin-Williams by 9.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

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.