Citigroup Begins Coverage on Sherwin-Williams (NYSE:SHW)

Investment analysts at Citigroup assumed coverage on shares of Sherwin-Williams (NYSE:SHW) in a research report issued on Thursday. The firm set a “buy” rating and a $355.00 price target on the specialty chemicals company’s stock. Citigroup’s target price points to a potential upside of 18.39% from the stock’s current price.

SHW has been the subject of a number of other reports. BMO Capital Markets set a $355.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Wells Fargo & Company reduced their target price on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Evercore restated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, Bank of America lowered their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.67.

Sherwin-Williams Stock Up 1.1%

Shares of Sherwin-Williams stock traded up $3.37 during trading on Thursday, reaching $299.86. The company’s stock had a trading volume of 82,779 shares, compared to its average volume of 1,855,402. Sherwin-Williams has a 1-year low of $289.86 and a 1-year high of $379.65. The company has a 50-day simple moving average of $318.72 and a two-hundred day simple moving average of $333.20. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The company has a market cap of $73.96 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.53 and a beta of 1.12.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same period last year, the business posted $2.25 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, equities analysts forecast that Sherwin-Williams will post 11.74 earnings per share for the current year.

Institutional Investors Weigh In On Sherwin-Williams

A number of large investors have recently made changes to their positions in SHW. Wilkerson Advisory Group LLC lifted its position in Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Ares Financial Consulting LLC acquired a new position in Sherwin-Williams during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. purchased a new stake in Sherwin-Williams in the 4th quarter valued at $27,000. Whipplewood Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter worth $28,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Sherwin-Williams in the 4th quarter worth $30,000. 77.67% of the stock is currently 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.