Sherwin-Williams’ (SHW) Outperform Rating Reaffirmed at Royal Bank Of Canada

Sherwin-Williams (NYSE:SHW)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a research report issued on Tuesday, Benzinga reports. They currently have a $420.00 price target on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 29.25% from the company’s previous close.

Other analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $405.00 price objective (up from $400.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Berenberg Bank set a $380.00 price target on shares of Sherwin-Williams in a report on Monday, June 8th. Guggenheim initiated coverage on shares of Sherwin-Williams in a report on Monday, August 3rd. They issued a “buy” rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. raised 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. Finally, DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the company a “buy” rating in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $387.18.

Sherwin-Williams Trading Up 1.1%

NYSE:SHW opened at $324.94 on Tuesday. The business’s 50-day moving average is $339.09 and its two-hundred day moving average is $327.98. The firm has a market capitalization of $78.88 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 2.39 and a beta of 1.09. Sherwin-Williams has a 12 month low of $289.86 and a 12 month high of $377.77. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the business earned $3.38 earnings per share. The company’s 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. Research analysts predict that Sherwin-Williams will post 12.09 earnings per share for the current fiscal year.

Insider Transactions at Sherwin-Williams

In other news, insider Justin Binns sold 13,500 shares of Sherwin-Williams 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 sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Sherwin-Williams during the 2nd quarter valued at $6,100,083,000. Norges Bank acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at $1,089,450,000. Wellington Management Group LLP grew its holdings in Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after acquiring an additional 1,593,009 shares during the period. Bank of New York Mellon Corp bought a new stake in Sherwin-Williams in the second quarter worth about $547,097,000. Finally, Legal & General Group Plc acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $459,652,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.