Sherwin-Williams (NYSE:SHW) PT Lowered to $315.00 at JPMorgan Chase & Co.

Sherwin-Williams (NYSE:SHW) had its target price decreased by JPMorgan Chase & Co. from $317.00 to $315.00 in a report released on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the specialty chemicals company’s stock.

A number of other research analysts also recently commented on SHW. Barclays increased their target price on Sherwin-Williams from $285.00 to $315.00 and gave the stock an equal weight rating in a report on Monday, January 29th. Wolfe Research assumed coverage on Sherwin-Williams in a report on Friday, March 1st. They issued a peer perform rating on the stock. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a buy rating on the stock in a report on Wednesday. Citigroup raised their price target on Sherwin-Williams from $360.00 to $390.00 and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, UBS Group raised Sherwin-Williams from a neutral rating to a buy rating and raised their price target for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $333.39.

Sherwin-Williams Trading Up 0.5 %

NYSE:SHW opened at $303.74 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The business’s 50 day moving average is $328.26 and its two-hundred day moving average is $298.77. Sherwin-Williams has a 52 week low of $221.76 and a 52 week high of $348.37. The company has a market cap of $77.29 billion, a PE ratio of 32.38, a P/E/G ratio of 2.39 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the prior year, the business earned $2.04 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts predict that Sherwin-Williams will post 11.46 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Activity

In other news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, 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 SEC, which can be accessed through the SEC website. In related news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, 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. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sherwin-Williams

A number of hedge funds have recently modified their holdings of SHW. Exchange Traded Concepts LLC grew its holdings in shares of Sherwin-Williams by 9,310.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 941 shares of the specialty chemicals company’s stock worth $240,000 after acquiring an additional 931 shares during the last quarter. Caprock Group LLC boosted its position in shares of Sherwin-Williams by 6.0% in the third quarter. Caprock Group LLC now owns 3,556 shares of the specialty chemicals company’s stock worth $907,000 after buying an additional 201 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Sherwin-Williams by 6.8% in the third quarter. Proficio Capital Partners LLC now owns 1,068 shares of the specialty chemicals company’s stock worth $272,000 after buying an additional 68 shares during the period. SS&H Financial Advisors Inc. acquired a new stake in shares of Sherwin-Williams in the third quarter worth $4,443,000. Finally, UMB Bank n.a. boosted its position in shares of Sherwin-Williams by 3.0% in the third quarter. UMB Bank n.a. now owns 11,393 shares of the specialty chemicals company’s stock worth $2,906,000 after buying an additional 336 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.

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.