Sherwin-Williams (NYSE:SHW) Given New $334.00 Price Target at Mizuho

Sherwin-Williams (NYSE:SHW) had its price objective trimmed by Mizuho from $340.00 to $334.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the specialty chemicals company’s stock.

A number of other brokerages also recently issued reports on SHW. Wolfe Research initiated coverage on shares of Sherwin-Williams in a report on Friday, March 1st. They set a peer perform rating on the stock. Loop Capital decreased their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a buy rating on the stock in a report on Wednesday. Barclays increased their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an equal weight rating in a report on Monday, January 29th. Robert W. Baird increased their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a neutral rating in a report on Wednesday. Finally, Evercore ISI decreased their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an outperform rating on the stock in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of Moderate Buy and a consensus price target of $333.39.

Sherwin-Williams Stock Up 0.5 %

SHW stock opened at $303.74 on Wednesday. The firm’s fifty day simple moving average is $328.26 and its 200-day simple moving average is $298.77. The company has a market capitalization of $77.29 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.15. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. Sherwin-Williams has a 12 month low of $221.76 and a 12 month high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data 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). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the company earned $2.04 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts forecast that Sherwin-Williams will post 11.46 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.94%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the sale, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,050 shares of company stock worth $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

Institutional investors and hedge funds have recently made changes to their positions in the business. OFI Invest Asset Management purchased a new position in Sherwin-Williams in the 3rd quarter valued at about $25,000. Union Savings Bank purchased a new position in Sherwin-Williams in the 3rd quarter valued at about $28,000. First United Bank & Trust purchased a new position in Sherwin-Williams in the 4th quarter valued at about $31,000. Lee Financial Co purchased a new position in Sherwin-Williams in the 3rd quarter valued at about $32,000. Finally, BluePath Capital Management LLC purchased a new position in Sherwin-Williams in the 3rd quarter valued at about $33,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Company Profile

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.