Sherwin-Williams (NYSE:SHW) Stock Price Expected to Rise, Evercore ISI Analyst Says

Sherwin-Williams (NYSE:SHW) had its price objective hoisted by stock analysts at Evercore ISI from $400.00 to $420.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Evercore ISI’s target price would suggest a potential upside of 8.56% from the company’s previous close.

SHW has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Barclays upped their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. UBS Group reaffirmed an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Finally, Morgan Stanley upped their price objective on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $396.47.

Sherwin-Williams Trading Up 1.6 %

SHW traded up $6.16 during trading on Thursday, reaching $386.89. 758,424 shares of the company’s stock were exchanged, compared to its average volume of 1,566,676. Sherwin-Williams has a one year low of $251.69 and a one year high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $97.44 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 3.02 and a beta of 1.17. The firm has a fifty day moving average price of $373.38 and a two-hundred day moving average price of $338.03.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share 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 for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the firm earned $3.20 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities research analysts forecast that Sherwin-Williams will post 11.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s 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 transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Sherwin-Williams

Several institutional investors have recently made changes to their positions in SHW. Norden Group LLC bought a new position in Sherwin-Williams during the first quarter valued at about $329,000. Envestnet Portfolio Solutions Inc. boosted its position in Sherwin-Williams by 2.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 17,082 shares of the specialty chemicals company’s stock worth $5,933,000 after purchasing an additional 346 shares during the period. Empowered Funds LLC boosted its position in Sherwin-Williams by 25.5% during the first quarter. Empowered Funds LLC now owns 4,248 shares of the specialty chemicals company’s stock worth $1,475,000 after purchasing an additional 863 shares during the period. SG Americas Securities LLC boosted its position in Sherwin-Williams by 668.9% during the first quarter. SG Americas Securities LLC now owns 68,065 shares of the specialty chemicals company’s stock worth $23,641,000 after purchasing an additional 59,213 shares during the period. Finally, Sustainable Insight Capital Management LLC bought a new position in Sherwin-Williams during the first quarter worth about $4,988,000. 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.