Sherwin-Williams (NYSE:SHW) Upgraded to “Hold” at Barclays

Barclays upgraded shares of Sherwin-Williams (NYSE:SHW) to a hold rating in a report released on Monday,Zacks reports.

A number of other research firms have also recently issued reports on SHW. Bank of America boosted their price objective on Sherwin-Williams from $369.00 to $383.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Citigroup reduced their target price on Sherwin-Williams from $415.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. BNP Paribas Exane lifted their target price on Sherwin-Williams from $345.00 to $360.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Jefferies Financial Group reiterated a “hold” rating and set a $375.00 target price (up from $360.00) on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Sherwin-Williams from $355.00 to $375.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $382.08.

Sherwin-Williams Stock Up 0.0%

Shares of NYSE:SHW opened at $324.21 on Monday. Sherwin-Williams has a 1 year low of $289.86 and a 1 year high of $377.77. The business has a 50 day simple moving average of $334.68 and a two-hundred day simple moving average of $328.14. The firm has a market capitalization of $78.71 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the prior year, the firm posted $3.38 earnings per share. The company’s quarterly revenue 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 year.

Sherwin-Williams Announces Dividend

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

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 7,886 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the sale, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This represents a 39.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Justin Binns sold 13,500 shares of the company’s stock in a transaction on Monday, August 17th. The stock was 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 owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.23% of the company’s stock.

Institutional Trading of Sherwin-Williams

Several institutional investors and hedge funds have recently made changes to their positions in SHW. Eastern Bank raised its position in shares of Sherwin-Williams by 50.8% during the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 30 shares during the last quarter. Focus Financial Network Inc. lifted its stake in Sherwin-Williams by 1.0% in the 3rd quarter. Focus Financial Network Inc. now owns 3,068 shares of the specialty chemicals company’s stock valued at $992,000 after buying an additional 31 shares in the last quarter. Heartland Bank & Trust Co boosted its holdings in Sherwin-Williams by 2.8% in the 1st quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company’s stock worth $376,000 after buying an additional 32 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Sherwin-Williams by 8.5% in the 1st quarter. Physician Wealth Advisors Inc. now owns 432 shares of the specialty chemicals company’s stock worth $138,000 after buying an additional 34 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its stake in Sherwin-Williams by 1.0% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 3,309 shares of the specialty chemicals company’s stock worth $1,139,000 after buying an additional 34 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

About Sherwin-Williams

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.