The Sherwin-Williams Company (NYSE:SHW) Given Average Rating of “Moderate Buy” by Brokerages

The Sherwin-Williams Company (NYSE:SHW) has been assigned a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $397.00.

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Robert W. Baird set a $370.00 price target on shares of Sherwin-Williams in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Barclays decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Finally, Citigroup cut their price objective on Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th.

Insider Activity at Sherwin-Williams

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 stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Sherwin-Williams

Several large investors have recently bought and sold shares of SHW. Norges Bank purchased a new position in Sherwin-Williams during the fourth quarter worth approximately $1,359,747,000. GAMMA Investing LLC raised its holdings in shares of Sherwin-Williams by 41,717.1% during the 1st quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company’s stock worth $571,381,000 after acquiring an additional 1,632,391 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Sherwin-Williams by 21.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock worth $3,023,126,000 after acquiring an additional 1,505,341 shares during the period. Capital Research Global Investors boosted its position in shares of Sherwin-Williams by 47.1% during the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock valued at $1,019,329,000 after acquiring an additional 960,724 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Sherwin-Williams in the first quarter valued at about $265,510,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 0.8%

NYSE:SHW opened at $359.02 on Wednesday. The firm has a market capitalization of $89.97 billion, a P/E ratio of 34.03, a PEG ratio of 2.98 and a beta of 1.25. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. Sherwin-Williams has a one year low of $282.09 and a one year high of $400.42. The company’s 50-day simple moving average is $342.19 and its 200 day simple moving average is $355.20.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.17 EPS. As a group, analysts forecast that Sherwin-Williams will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 29.87%.

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.