Sherwin-Williams (NYSE:SHW) PT Lowered to $315.00

Sherwin-Williams (NYSE:SHW) had its price target cut by JPMorgan Chase & Co. from $317.00 to $315.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 4.80% from the stock’s previous close.

SHW has been the subject of several other research reports. Mizuho decreased their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and upped their price objective for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Loop Capital cut their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. Finally, Wolfe Research began coverage on Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $329.11.

Sherwin-Williams Trading Down 0.6 %

Sherwin-Williams stock traded down $1.78 during trading on Wednesday, hitting $300.58. The company’s stock had a trading volume of 624,911 shares, compared to its average volume of 1,433,126. The stock has a market capitalization of $76.49 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 2.45 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The stock’s fifty day moving average is $328.40 and its 200 day moving average is $298.73. Sherwin-Williams has a 1-year low of $221.76 and a 1-year high of $348.37.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 earnings per share. As a group, equities research analysts predict that Sherwin-Williams will post 11.46 EPS for the current year.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock worth $10,340,237 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Sherwin-Williams

A number of large investors have recently added to or reduced their stakes in the company. First United Bank & Trust bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $31,000. OFI Invest Asset Management bought a new position in shares of Sherwin-Williams during the third quarter worth approximately $25,000. Tortoise Investment Management LLC increased its holdings in shares of Sherwin-Williams by 158.5% during the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 65 shares during the period. Union Savings Bank bought a new position in Sherwin-Williams in the third quarter valued at approximately $28,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter worth $35,000. Institutional investors own 77.67% of the company’s stock.

About Sherwin-Williams

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.