Sherwin-Williams (NYSE:SHW) Given New $400.00 Price Target at UBS Group

Sherwin-Williams (NYSE:SHW) had its price target reduced by analysts at UBS Group from $430.00 to $400.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the specialty chemicals company’s stock. UBS Group’s target price suggests a potential upside of 24.22% from the company’s previous close.

Several other analysts also recently weighed in on SHW. Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Morgan Stanley lowered their price target on Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $398.19.

Sherwin-Williams Stock Performance

SHW stock traded down $10.04 during midday trading on Monday, reaching $322.02. The company had a trading volume of 1,947,601 shares, compared to its average volume of 1,871,960. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a 50 day moving average price of $352.24 and a 200 day moving average price of $362.71. The firm has a market capitalization of $80.99 billion, a PE ratio of 30.52, a P/E/G ratio of 2.98 and a beta of 1.26. Sherwin-Williams has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter in the prior year, the company posted $1.81 earnings per share. Analysts anticipate that Sherwin-Williams will post 12 earnings per share for the current year.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares of the company’s stock, valued at $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 21,836,648 shares of the specialty chemicals company’s stock worth $7,422,932,000 after acquiring an additional 138,170 shares during the period. FMR LLC grew its position in shares of Sherwin-Williams by 1.6% in the fourth quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company’s stock valued at $2,239,715,000 after purchasing an additional 106,093 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Sherwin-Williams by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company’s stock worth $1,636,679,000 after purchasing an additional 96,571 shares during the period. Alliancebernstein L.P. boosted its stake in Sherwin-Williams by 2.0% during the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company’s stock valued at $1,467,138,000 after purchasing an additional 86,268 shares during the period. Finally, Norges Bank acquired a new stake in Sherwin-Williams in the 4th quarter valued at approximately $1,359,747,000. 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.