Brokerages Set The Sherwin-Williams Company (NYSE:SHW) Target Price at $402.25

Shares of The Sherwin-Williams Company (NYSE:SHW) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $402.25.

A number of research firms have recently commented on SHW. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Evercore ISI upped their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. BMO Capital Markets raised their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, Mizuho dropped their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th.

Insider Activity

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Sherwin-Williams by 18.2% during the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock worth $2,474,238,000 after purchasing an additional 999,164 shares during the period. International Assets Investment Management LLC grew its position in shares of Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after buying an additional 724,907 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Sherwin-Williams by 54.0% in the second quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock valued at $422,654,000 after buying an additional 496,326 shares during the period. Mizuho Securities USA LLC raised its position in shares of Sherwin-Williams by 1,717.9% during the third quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after acquiring an additional 308,921 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Sherwin-Williams by 192.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company’s stock worth $116,322,000 after acquiring an additional 258,511 shares during the period. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 1.9 %

Shares of Sherwin-Williams stock opened at $336.36 on Thursday. Sherwin-Williams has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The business’s 50 day simple moving average is $366.56 and its 200 day simple moving average is $358.81. The firm has a market cap of $84.71 billion, a PE ratio of 33.50, a P/E/G ratio of 2.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the firm earned $3.20 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts predict that Sherwin-Williams will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, November 15th. Sherwin-Williams’s payout ratio is presently 28.49%.

About Sherwin-Williams

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.