Sherwin-Williams (NYSE:SHW) Stock Price Target Lowered at Citigroup

Key Points

• Citigroup lowered Sherwin-Williams’ price target from $400 to $370 while maintaining a “buy” rating, implying approximately 12.3% upside from the stock’s $329.46 trading price.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $377.67 based on 15 Buy and 12 Hold ratings.
• Sherwin-Williams’ latest quarter showed 7.9% year-over-year revenue growth to $6.86 billion, but earnings per share of $3.63 fell short of the $3.69 consensus estimate, reflecting cost and margin pressure.

Sherwin-Williams (NYSE:SHW - Get Free Report) had its price target cut by equities research analysts at Citigroup from $400.00 to $370.00 in a report released on Thursday, Benzinga reports. The firm currently has a "buy" rating on the specialty chemicals company's stock. Citigroup's target price suggests a potential upside of 12.31% from the company's current price.

Other research analysts have also issued research reports about the company. Morgan Stanley reiterated an "overweight" rating and issued a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Sherwin-Williams from $355.00 to $375.00 and gave the company a "hold" rating in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "hold" rating and set a $353.00 target price on shares of Sherwin-Williams in a research report on Tuesday. Bank of America increased their target price on Sherwin-Williams from $369.00 to $383.00 and gave the stock a "neutral" rating in a report on Friday, July 17th. Finally, Berenberg Bank boosted their price target on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $377.67.

Sherwin-Williams Stock Up 2.7%

NYSE:SHW traded up $8.66 during trading hours on Thursday, reaching $329.46. The company had a trading volume of 2,370,187 shares, compared to its average volume of 1,936,033. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. The firm has a market cap of $79.98 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 2.63 and a beta of 1.08. The business's 50-day simple moving average is $330.16 and its two-hundred day simple moving average is $333.38. Sherwin-Williams has a twelve month low of $289.86 and a twelve month high of $377.77.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing the consensus estimate of $3.69 by ($0.06). The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.78 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. Sherwin-Williams's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.59 EPS. On average, equities analysts expect that Sherwin-Williams will post 12.07 earnings per share for the current year.

Insider Activity at Sherwin-Williams

In related news, insider Karl J. Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the transaction, the insider owned 11,944 shares of the company's stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Justin Binns sold 13,500 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider owned 21,937 shares of the company's stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Sherwin-Williams

Several large investors have recently bought and sold shares of SHW. BlackRock Inc. bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth $6,100,083,000. Wellington Management Group LLP boosted its holdings in Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company's stock worth $958,821,000 after purchasing an additional 1,593,009 shares during the last quarter. Amundi boosted its holdings in Sherwin-Williams by 20.6% during the first quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company's stock worth $705,497,000 after purchasing an additional 376,505 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Sherwin-Williams in the 2nd quarter worth about $547,097,000. Finally, Dimensional Fund Advisors LP grew its position in Sherwin-Williams by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,417,166 shares of the specialty chemicals company's stock worth $454,226,000 after purchasing an additional 39,853 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Key Stories Impacting Sherwin-Williams

Here are the key news stories impacting Sherwin-Williams this week:

• Positive Sentiment: Management narrowed its FY26 adjusted EPS outlook range, potentially reducing uncertainty around the company’s earnings trajectory. The update followed the third-quarter report and appears to have provided some reassurance to investors. Sherwin-Williams Narrows FY26 Adjusted EPS Outlook Range
• Positive Sentiment: Third-quarter revenue rose 7.9% year over year to $6.86 billion, exceeding analysts’ expectations of $6.78 billion. Management also expects approximately $75 million in structural cost savings in 2027, which could support future margins and earnings growth. Sherwin-Williams Q3 2026 Earnings and Sales Growth
• Positive Sentiment: Sherwin-Williams continued its long record of shareholder returns, extending its dividend increase streak to 48 years. JPMorgan maintained an overweight rating, while UBS raised its price target to $370 and retained a neutral rating. UBS Sherwin-Williams Price Target Update
• Neutral Sentiment: Analyst target-price changes were mixed: JPMorgan reduced its target to $375 from $380, and DA Davidson cut its target to $390 from $400, while both firms’ targets remain above the current trading level. JPMorgan Sherwin-Williams Price Target Update
• Negative Sentiment: Adjusted third-quarter EPS was $3.63, below the $3.69 consensus estimate, as higher costs and margin pressure offset the revenue beat. The earnings disappointment caused the stock to gap lower and trade below its 200-day moving average, signaling continued near-term technical weakness. Sherwin-Williams Stock Breaks Below 200-Day Moving Average

About Sherwin-Williams

The Sherwin-Williams Company NYSE: SHW develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.

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