The Sherwin-Williams Company (NYSE:SHW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Sherwin-Williams Company (NYSE:SHW) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $387.6667.

A number of research firms have weighed in on SHW. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research note on Wednesday, January 7th. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a research report on Friday, January 30th. Mizuho lifted their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price on the stock. in a research note on Thursday, January 22nd.

Sherwin-Williams Stock Down 0.4%

Shares of SHW stock opened at $367.55 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The stock has a 50 day moving average of $344.75 and a 200 day moving average of $346.07. Sherwin-Williams has a twelve month low of $308.84 and a twelve month high of $379.65. The stock has a market cap of $91.11 billion, a P/E ratio of 35.79, a P/E/G ratio of 3.19 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that Sherwin-Williams will post 12 EPS for the current year.

Insiders Place Their Bets

In other news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of Sherwin-Williams

A number of institutional investors have recently bought and sold shares of the business. MTM Investment Management LLC acquired a new position in Sherwin-Williams in the second quarter valued at approximately $26,000. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams during the 4th quarter worth $27,000. Ares Financial Consulting LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth $27,000. Vermillion & White Wealth Management Group LLC lifted its position in Sherwin-Williams by 104.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in Sherwin-Williams in the second quarter valued at $31,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.