The Sherwin-Williams Company (NYSE:SHW) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of The Sherwin-Williams Company (NYSE:SHWGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $326.50.

SHW has been the topic of a number of research reports. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $312.00 to $402.00 in a research note on Thursday, March 7th. Wells Fargo & Company raised their price objective on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Mizuho cut their price objective on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Barclays raised their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research report on Friday, January 26th.

Check Out Our Latest Stock Analysis on SHW

Sherwin-Williams Stock Performance

SHW opened at $318.25 on Tuesday. The stock has a market capitalization of $80.98 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.54 and a beta of 1.15. The company has a fifty day moving average of $328.49 and a 200 day moving average of $295.72. Sherwin-Williams has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business earned $1.89 EPS. The business’s revenue was up .4% on a year-over-year basis. As a group, sell-side analysts forecast that Sherwin-Williams will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. Sherwin-Williams’s dividend payout ratio (DPR) is 30.92%.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock worth $10,340,237 in the last quarter. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sherwin-Williams

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Sherwin-Williams by 16.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after buying an additional 6,639 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Sherwin-Williams during the 4th quarter worth $38,444,000. Machina Capital S.A.S. increased its stake in Sherwin-Williams by 149.0% during the 3rd quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after buying an additional 5,801 shares during the period. Pearl River Capital LLC bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth about $4,517,000. Finally, Trust Point Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth about $403,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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