The Sherwin-Williams Company (NYSE:SHW) Stock Has Average Price Target of $387.47 According to Brokerages

The Sherwin-Williams Company (NYSE:SHW) has received a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $387.47.

A number of brokerages have recently commented on SHW. Guggenheim initiated coverage on Sherwin-Williams in a research note on Monday, August 3rd. They set a “buy” rating and a $400.00 price target on the stock. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research note on Monday, June 8th. The Goldman Sachs Group set a $420.00 target price on Sherwin-Williams in a report on Wednesday, July 29th. Morgan Stanley reissued an “overweight” rating and issued a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Mizuho set a $396.00 price target on Sherwin-Williams in a report on Thursday.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin Binns sold 13,500 shares of Sherwin-Williams stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the sale, the insider directly owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the transaction, the insider owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by insiders.

Institutional Trading of Sherwin-Williams

Several large investors have recently made changes to their positions in SHW. BlackRock Inc. bought a new position in Sherwin-Williams in the second quarter worth approximately $6,100,083,000. Norges Bank bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $1,089,450,000. Wellington Management Group LLP increased its holdings in shares of Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after acquiring an additional 1,593,009 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Sherwin-Williams during the second quarter worth approximately $547,097,000. Finally, Legal & General Group Plc acquired a new position in shares of Sherwin-Williams during the second quarter worth approximately $459,652,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Stock Up 1.2%

Shares of NYSE:SHW opened at $333.07 on Friday. Sherwin-Williams has a 52-week low of $289.86 and a 52-week high of $377.77. The company has a market capitalization of $80.86 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 2.45 and a beta of 1.09. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The company has a fifty day moving average of $338.76 and a 200-day moving average of $327.71.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter last year, the business posted $3.38 EPS. Sherwin-Williams’s revenue for the quarter was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts predict that Sherwin-Williams will post 12.09 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 21st. Sherwin-Williams’s payout ratio is presently 29.49%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.

Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.