The Sherwin-Williams Company (NYSE:SHW) Receives $390.07 Average Price Target from Analysts

The Sherwin-Williams Company (NYSE:SHW) has received an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $390.0667.

SHW has been the subject of several research reports. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Bank of America decreased their target price on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 22nd. Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $392.00 to $390.00 in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th.

Institutional Trading of Sherwin-Williams

A number of large investors have recently added to or reduced their stakes in SHW. MTM Investment Management LLC bought a new stake in shares of Sherwin-Williams in the 2nd quarter valued at about $26,000. Valley National Advisers Inc. increased its position in Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 44 shares during the period. Salomon & Ludwin LLC bought a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $31,000. Finally, Saudi Central Bank acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

SHW stock opened at $325.31 on Thursday. The stock has a 50-day moving average price of $334.48 and a two-hundred day moving average price of $343.46. Sherwin-Williams has a 1 year low of $308.84 and a 1 year high of $379.65. The stock has a market cap of $80.64 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 3.84 and a beta of 1.24. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.