Sherwin-Williams (NYSE:SHW) Price Target Lowered to $334.00 at Mizuho

Sherwin-Williams (NYSE:SHW) had its target price cut by Mizuho from $340.00 to $334.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other equities research analysts have also recently weighed in on the company. Northcoast Research raised 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. Seaport Res Ptn cut Sherwin-Williams from a buy rating to a neutral rating in a research note on Monday, January 8th. Loop Capital reduced their price target on Sherwin-Williams from $395.00 to $380.00 and set a buy rating on the stock in a research note on Wednesday. Barclays upped their price target on Sherwin-Williams from $285.00 to $315.00 and gave the stock an equal weight rating in a research note on Monday, January 29th. Finally, Citigroup increased their target price on Sherwin-Williams from $360.00 to $390.00 and gave the stock a buy rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $337.37.

Sherwin-Williams Price Performance

SHW opened at $306.45 on Wednesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.48 and a current ratio of 0.78. Sherwin-Williams has a 52-week low of $221.76 and a 52-week high of $348.37. The stock has a market capitalization of $77.98 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.15. The stock’s 50 day moving average price is $328.05 and its 200-day moving average price is $299.19.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. Sherwin-Williams’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.04 earnings per share. On average, equities research analysts predict that Sherwin-Williams will post 11.44 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s payout ratio is currently 30.49%.

Insider Activity

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 over the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in Sherwin-Williams in the third quarter valued at about $25,000. Union Savings Bank purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $28,000. First United Bank & Trust purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $31,000. Lee Financial Co purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $32,000. Finally, BluePath Capital Management LLC purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $33,000. Institutional investors own 77.67% of the company’s stock.

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.