Sherwin-Williams (NYSE:SHW) Rating Increased to Strong-Buy at DA Davidson

DA Davidson upgraded shares of Sherwin-Williams (NYSE:SHW) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the company an “equal weight” rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 target price on Sherwin-Williams in a research report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Finally, Weiss Ratings raised shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $386.29.

Sherwin-Williams Stock Up 1.0%

Shares of NYSE:SHW opened at $350.27 on Monday. Sherwin-Williams has a 1 year low of $289.86 and a 1 year high of $377.77. The stock has a 50-day simple moving average of $341.24 and a 200-day simple moving average of $332.43. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The stock has a market capitalization of $85.03 billion, a P/E ratio of 32.28, a PEG ratio of 2.58 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the prior year, the business earned $3.38 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities analysts forecast that Sherwin-Williams will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st. Sherwin-Williams’s payout ratio is presently 29.49%.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the transaction, the insider owned 21,937 shares in the company, valued at $7,737,179.90. The trade was a 38.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the sale, the insider directly owned 11,944 shares in the company, valued at $4,398,975.20. This represents a 39.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Sherwin-Williams

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilkerson Advisory Group LLC lifted its holdings in Sherwin-Williams by 172.4% in the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 50 shares during the period. Ares Financial Consulting LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at $27,000. Lloyd Advisory Services LLC. bought a new position in Sherwin-Williams during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC acquired a new stake in Sherwin-Williams in the 1st quarter valued at about $28,000. Finally, Montgomery Financial Services LLC acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $29,000. 77.67% of the stock is owned by institutional investors.

About Sherwin-Williams

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.