Sherwin-Williams (NYSE:SHW) Upgraded at Barclays

Barclays upgraded shares of Sherwin-Williams (NYSE:SHW) to a hold rating in a research report report published on Monday,Zacks reports.

Other analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Morgan Stanley reissued an “overweight” rating and set a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Stephens cut their target price on shares of Sherwin-Williams from $375.00 to $353.00 and set a “hold” rating on the stock in a research note on Tuesday, September 22nd. Jefferies Financial Group restated a “hold” rating and issued a $375.00 price target (up from $360.00) on shares of Sherwin-Williams in a report on Tuesday, July 28th. Finally, Mizuho set a $396.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $382.08.

Sherwin-Williams Trading Up 0.0%

Shares of SHW stock opened at $324.21 on Monday. The company has a market cap of $78.71 billion, a P/E ratio of 29.88, a PEG ratio of 2.41 and a beta of 1.08. The stock has a 50 day simple moving average of $334.68 and a two-hundred day simple moving average of $328.14. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. Sherwin-Williams has a fifty-two week low of $289.86 and a fifty-two week high of $377.77.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Research analysts forecast that Sherwin-Williams will post 12.09 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.49%.

Insiders Place Their Bets

In related news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction on Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the completion of the sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Karl Jorgenrud sold 7,886 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Caisse de depot et placement du Quebec bought a new stake in Sherwin-Williams in the 2nd quarter worth about $5,473,000. BlackRock Inc. bought a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $6,100,083,000. William John Sempolinski bought a new position in shares of Sherwin-Williams during the 2nd quarter worth approximately $2,456,000. Royal Bank of Canada grew its holdings in shares of Sherwin-Williams by 9.8% in the first quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock valued at $309,832,000 after acquiring an additional 86,254 shares in the last quarter. Finally, Meeder Advisory Services Inc. bought a new position in shares of Sherwin-Williams in the second quarter valued at approximately $2,123,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.

Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.