Sherwin-Williams (NYSE:SHW) Given New $378.00 Price Target at JPMorgan Chase & Co.

Sherwin-Williams (NYSE:SHW - Free Report) had its target price cut by JPMorgan Chase & Co. from $390.00 to $378.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the specialty chemicals company's stock.

A number of other equities analysts have also recently weighed in on SHW. Mizuho set a $395.00 price target on Sherwin-Williams in a report on Tuesday, April 15th. Wells Fargo & Company decreased their target price on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Wednesday. Royal Bank Of Canada upped their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Barclays cut their price target on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Finally, Bank of America boosted their price objective on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average price target of $385.29.

Sherwin-Williams Price Performance

NYSE SHW traded down $2.56 during mid-day trading on Wednesday, hitting $340.38. The stock had a trading volume of 2,126,602 shares, compared to its average volume of 1,657,824. The company has a 50 day simple moving average of $348.62 and a 200 day simple moving average of $348.06. The company has a quick ratio of 0.45, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The company has a market cap of $85.30 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 3.25 and a beta of 1.18. Sherwin-Williams has a 52-week low of $308.84 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. Sherwin-Williams's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $3.70 earnings per share. Equities analysts forecast that Sherwin-Williams will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Institutional Investors Weigh In On Sherwin-Williams

Hedge funds and other institutional investors have recently modified their holdings of the stock. Park Square Financial Group LLC bought a new stake in Sherwin-Williams in the fourth quarter valued at $27,000. Perkins Coie Trust Co acquired a new position in Sherwin-Williams during the 1st quarter valued at about $27,000. Valley National Advisers Inc. grew its position in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 34 shares during the last quarter. Synergy Investment Management LLC increased its stake in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the first quarter valued at approximately $30,000. Institutional investors 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.