Sherwin-Williams (NYSE:SHW) PT Lowered to $380.00 at Evercore ISI

Sherwin-Williams (NYSE:SHW) had its price objective dropped by analysts at Evercore ISI from $385.00 to $380.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Evercore ISI’s price objective points to a potential upside of 22.52% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Barclays lifted their price target on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Northcoast Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target on the stock in a research note on Tuesday, February 27th. Mizuho lowered their price objective on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Finally, UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their target price for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.94.

Sherwin-Williams Trading Up 0.6 %

SHW opened at $310.16 on Tuesday. The stock has a market capitalization of $78.92 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 2.49 and a beta of 1.15. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. Sherwin-Williams has a twelve month low of $221.76 and a twelve month high of $348.37. The company has a 50-day simple moving average of $328.69 and a 200 day simple moving average of $296.92.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. Analysts predict that Sherwin-Williams will post 11.44 EPS for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,050 shares of company stock worth $10,340,237. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

A number of hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank boosted its stake in Sherwin-Williams by 0.5% during the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after acquiring an additional 34 shares in the last quarter. Tsfg LLC boosted its position in shares of Sherwin-Williams by 4.7% during the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after purchasing an additional 34 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of Sherwin-Williams by 5.5% during the 4th quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 35 shares in the last quarter. Tealwood Asset Management Inc. increased its position in Sherwin-Williams by 0.7% in the 1st quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock valued at $1,706,000 after buying an additional 35 shares in the last quarter. Finally, Ellsworth Advisors LLC increased its position in Sherwin-Williams by 0.9% in the 4th quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after buying an additional 36 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

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.