The Sherwin-Williams Company (NYSE:SHW) Receives $388.21 Consensus Target Price from Brokerages

The Sherwin-Williams Company (NYSE:SHW) has been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $388.2143.

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price target for the company. in a report on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. UBS Group set a $420.00 target price on Sherwin-Williams in a report on Friday, January 30th. Mizuho increased their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th.

Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares in the company, valued at $1,928,717.50. This trade represents a 35.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total transaction of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares in the company, valued at $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.60% of the stock is owned by company insiders.

Institutional Trading of Sherwin-Williams

Several institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Sherwin-Williams during the 2nd quarter worth about $1,296,565,000. Viking Global Investors LP lifted its stake in shares of Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after acquiring an additional 985,520 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Sherwin-Williams by 53,827.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock worth $214,581,000 after acquiring an additional 660,997 shares during the period. Vanguard Group Inc. boosted its holdings in Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after acquiring an additional 600,119 shares during the last quarter. Finally, Amundi boosted its holdings in Sherwin-Williams by 55.8% in the second quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock valued at $587,047,000 after acquiring an additional 596,657 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 1.0%

SHW opened at $323.08 on Tuesday. The company has a market cap of $79.92 billion, a P/E ratio of 31.46, a PEG ratio of 2.77 and a beta of 1.25. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The company’s 50 day moving average is $351.90 and its 200-day moving average is $343.91. Sherwin-Williams has a 1-year low of $308.84 and a 1-year high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the prior year, the company earned $2.09 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a $0.80 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date was Monday, March 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 31.16%.

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.