The Sherwin-Williams Company (NYSE:SHW) Receives $386.33 Average Price Target from Analysts

The Sherwin-Williams Company (NYSE:SHW) has received an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $386.3333.

Several research firms have commented on SHW. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Wednesday, January 7th. Zacks Research cut Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. UBS Group set a $420.00 price objective on shares of Sherwin-Williams in a report on Friday, January 30th. Royal Bank Of Canada set a $390.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Mizuho reduced their target price on Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th.

Sherwin-Williams Stock Down 1.0%

Shares of SHW opened at $368.74 on Friday. Sherwin-Williams has a 12-month low of $308.84 and a 12-month high of $379.65. The business’s 50 day moving average is $342.99 and its 200 day moving average is $345.63. 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 company has a market capitalization of $91.41 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 3.19 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share 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 firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the business posted $2.09 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Research analysts expect that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Institutional Trading of Sherwin-Williams

Institutional investors have recently bought and sold shares of the business. MTM Investment Management LLC purchased a new stake in Sherwin-Williams during the 2nd quarter worth approximately $26,000. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams in the fourth quarter valued at $27,000. Ares Financial Consulting LLC purchased a new position in Sherwin-Williams during the fourth quarter worth about $27,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Sherwin-Williams by 104.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 44 shares during the period. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Sherwin-Williams in the second quarter valued at $31,000. 77.67% of the stock is owned by institutional investors and hedge funds.

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.