Brokerages Set The Sherwin-Williams Company (NYSE:SHW) PT at $366.77

Shares of The Sherwin-Williams Company (NYSE:SHW) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $368.6923.

Several research analysts recently commented on SHW shares. Royal Bank Of Canada reduced their target price on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. JPMorgan Chase & Co. dropped their price objective on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their target price for the company from $385.00 to $330.00 in a research note on Tuesday, June 2nd. BMO Capital Markets set a $355.00 price target on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Citigroup assumed coverage on Sherwin-Williams in a report on Wednesday. They set an “overweight” rating on the stock.

Sherwin-Williams Stock Up 3.2%

Shares of SHW opened at $333.09 on Thursday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The company has a 50-day simple moving average of $316.44 and a 200-day simple moving average of $330.98. Sherwin-Williams has a 52 week low of $289.86 and a 52 week high of $379.65. The firm has a market capitalization of $82.15 billion, a P/E ratio of 31.97, a P/E/G ratio of 2.79 and a beta of 1.12.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities research analysts expect that Sherwin-Williams will post 11.77 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.

Institutional Investors Weigh In On Sherwin-Williams

Several institutional investors and hedge funds have recently made changes to their positions in SHW. Fideuram Asset Management Ireland dac acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $2,496,000. Mairs & Power Inc. raised its position in shares of Sherwin-Williams by 0.7% during the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock worth $160,680,000 after acquiring an additional 3,430 shares during the last quarter. Westview Management dba Westview Investment Advisors acquired a new position in shares of Sherwin-Williams during the fourth quarter valued at $2,655,000. Regents Gate Capital LLP boosted its holdings in Sherwin-Williams by 51.9% in the third quarter. Regents Gate Capital LLP now owns 9,175 shares of the specialty chemicals company’s stock valued at $3,177,000 after acquiring an additional 3,134 shares during the last quarter. Finally, Calamos Advisors LLC boosted its holdings in Sherwin-Williams by 5.4% in the fourth quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after acquiring an additional 9,196 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

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.