Sherwin-Williams (NYSE:SHW) PT Raised to $390.00

Sherwin-Williams (NYSE:SHW) had its target price boosted by equities researchers at Evercore ISI from $370.00 to $390.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Evercore ISI’s price objective suggests a potential upside of 12.41% from the stock’s previous close.

Several other equities research analysts have also issued reports on SHW. Seaport Res Ptn lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. UBS Group upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price target for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a report on Tuesday, February 27th. Mizuho reduced their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $300.00 target price (up previously from $270.00) on shares of Sherwin-Williams in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $320.39.

Sherwin-Williams Stock Up 1.4 %

Shares of SHW opened at $346.95 on Tuesday. The stock’s 50-day moving average price is $321.19 and its 200-day moving average price is $289.39. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $88.28 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.53 and a beta of 1.15. Sherwin-Williams has a 52 week low of $210.92 and a 52 week high of $347.71.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the company earned $1.89 EPS. The business’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts predict that Sherwin-Williams will post 11.44 EPS for the current year.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were 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 directly owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the completion of the transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,050 shares of company stock valued at $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Institutional Trading of Sherwin-Williams

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,435,960 shares of the specialty chemicals company’s stock valued at $6,685,876,000 after buying an additional 179,274 shares during the period. State Street Corp lifted its position in shares of Sherwin-Williams by 2.1% during the 2nd quarter. State Street Corp now owns 10,382,442 shares of the specialty chemicals company’s stock worth $2,756,746,000 after buying an additional 211,790 shares during the last quarter. FMR LLC boosted its holdings in shares of Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after buying an additional 2,146,102 shares in the last quarter. Morgan Stanley grew its position in shares of Sherwin-Williams by 50.9% in the 4th quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock valued at $1,229,386,000 after buying an additional 1,747,586 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Sherwin-Williams by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company’s stock worth $936,902,000 after acquiring an additional 73,605 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

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.