Mizuho Cuts Sherwin-Williams (NYSE:SHW) Price Target to $390.00

Sherwin-Williams (NYSE:SHW) had its price objective decreased by Mizuho from $400.00 to $390.00 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. Mizuho currently has an outperform rating on the specialty chemicals company’s stock.

Several other research analysts also recently commented on the stock. UBS Group reissued a “buy” rating and issued a $422.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 15th. Royal Bank Of Canada set a $405.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Bank of America decreased their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Finally, Evercore ISI raised their price target on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $390.07.

Sherwin-Williams Stock Down 1.4%

Shares of NYSE SHW opened at $320.80 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 2.11. The company has a market cap of $79.52 billion, a P/E ratio of 31.30, a P/E/G ratio of 3.79 and a beta of 1.24. Sherwin-Williams has a 52 week low of $308.84 and a 52 week high of $379.65. The business has a 50-day simple moving average of $335.37 and a two-hundred day simple moving average of $344.98.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period in the prior year, the firm posted $3.37 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Research analysts anticipate that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 14th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, November 14th. Sherwin-Williams’s dividend payout ratio is presently 30.83%.

Hedge Funds Weigh In On Sherwin-Williams

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Sherwin-Williams by 1.4% during the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock valued at $7,838,532,000 after acquiring an additional 309,153 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after purchasing an additional 1,505,341 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Sherwin-Williams by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock valued at $1,746,222,000 after purchasing an additional 90,482 shares during the last quarter. Alliancebernstein L.P. raised its position in Sherwin-Williams by 2.2% in the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock worth $1,539,652,000 after purchasing an additional 93,209 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Sherwin-Williams by 9.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

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.