Sherwin-Williams (NYSE:SHW) Hits New 52-Week High at $379.57

The Sherwin-Williams Company (NYSE:SHW)’s share price reached a new 52-week high on Monday . The company traded as high as $379.57 and last traded at $378.06, with a volume of 153628 shares trading hands. The stock had previously closed at $375.40.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SHW shares. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Morgan Stanley raised their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Barclays raised their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Robert W. Baird lifted their price objective on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, KeyCorp lifted their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The company’s 50-day simple moving average is $346.75 and its 200-day simple moving average is $326.70. The stock has a market capitalization of $95.52 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 2.94 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the prior year, the company posted $3.29 EPS. The company’s revenue was up .5% on a year-over-year basis. On average, analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SHW. HHM Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. increased its holdings in Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares during the last quarter. VitalStone Financial LLC increased its holdings in Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares during the last quarter. Anfield Capital Management LLC purchased a new stake in Sherwin-Williams during the second quarter worth about $38,000. Finally, Meeder Asset Management Inc. purchased a new stake in Sherwin-Williams during the second quarter worth about $41,000. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.