Sherwin-Williams (NYSE:SHW) PT Raised to $370.00 at Barclays

Sherwin-Williams (NYSE:SHW) had its price objective upped by Barclays from $355.00 to $370.00 in a report published on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the specialty chemicals company’s stock.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a report on Friday, August 30th. Robert W. Baird upped their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Jefferies Financial Group lifted their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $395.29.

Sherwin-Williams Trading Down 0.7 %

Shares of SHW stock opened at $359.04 on Wednesday. The stock has a market cap of $91.03 billion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.87 and a beta of 1.17. Sherwin-Williams has a 1 year low of $232.06 and a 1 year high of $392.57. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 1.97. The stock has a 50 day simple moving average of $372.00 and a 200 day simple moving average of $335.02.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company posted $3.20 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. On average, research analysts predict that Sherwin-Williams will post 11.31 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.80%. Sherwin-Williams’s payout ratio is 30.49%.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Sherwin-Williams by 0.9% in the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after purchasing an additional 184,979 shares in the last quarter. Capital International Investors increased its stake in shares of Sherwin-Williams by 10.5% in the 1st quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company’s stock valued at $799,595,000 after acquiring an additional 219,149 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Sherwin-Williams by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company’s stock valued at $573,538,000 after acquiring an additional 53,487 shares during the period. PineStone Asset Management Inc. boosted its stake in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock worth $480,291,000 after acquiring an additional 917,979 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Sherwin-Williams by 18.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company’s stock valued at $454,917,000 after purchasing an additional 238,031 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

About Sherwin-Williams

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.