Sherwin-Williams (NYSE:SHW) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Sherwin-Williams (NYSE:SHW) had its target price boosted by equities researchers at BMO Capital Markets from $355.00 to $400.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 13.73% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Weiss Ratings raised Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Royal Bank Of Canada lowered their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. Citigroup started coverage on Sherwin-Williams in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Finally, Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $372.15.

Sherwin-Williams Trading Down 0.2%

Shares of NYSE:SHW opened at $351.72 on Monday. Sherwin-Williams has a 12 month low of $289.86 and a 12 month high of $379.65. 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’s fifty day simple moving average is $317.77 and its 200 day simple moving average is $331.87. The firm has a market cap of $86.75 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 3.04 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The firm had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, research analysts forecast that Sherwin-Williams will post 11.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Sherwin-Williams

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Sherwin-Williams in the 4th quarter worth about $1,089,450,000. Viking Global Investors LP increased its holdings in shares of Sherwin-Williams by 101.4% during the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after purchasing an additional 985,520 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Sherwin-Williams by 53,827.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock worth $214,581,000 after purchasing an additional 660,997 shares during the period. Vanguard Group Inc. raised its position in shares of Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Sherwin-Williams by 34.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,023,949 shares of the specialty chemicals company’s stock valued at $655,820,000 after buying an additional 513,126 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

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.