Sherwin-Williams (NYSE:SHW) Given New $380.00 Price Target at Loop Capital

Sherwin-Williams (NYSE:SHW - Get Free Report) had its price objective decreased by research analysts at Loop Capital from $395.00 to $380.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the specialty chemicals company's stock. Loop Capital's target price indicates a potential upside of 12.04% from the company's current price.

Other research analysts also recently issued reports about the company. UBS Group boosted their target price on Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Bank of America boosted their price target on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a research note on Monday, June 23rd. Citigroup dropped their target price on shares of Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday. Royal Bank Of Canada boosted their target price 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. Finally, Barclays dropped their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.33.

Sherwin-Williams Stock Down 0.3%

SHW traded down $1.06 on Wednesday, hitting $339.15. The company had a trading volume of 477,609 shares, compared to its average volume of 1,750,565. The stock has a fifty day moving average price of $348.62 and a 200-day moving average price of $348.06. Sherwin-Williams has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.45 and a current ratio of 0.78. The stock has a market capitalization of $84.99 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 3.25 and a beta of 1.18.

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

Institutional Trading of Sherwin-Williams

Hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC lifted its position in shares of Sherwin-Williams by 2.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after buying an additional 30 shares in the last quarter. Opal Wealth Advisors LLC lifted its stake in Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after buying an additional 32 shares in the last quarter. Nicolet Advisory Services LLC lifted its stake in Sherwin-Williams by 3.1% in the 1st quarter. Nicolet Advisory Services LLC now owns 1,096 shares of the specialty chemicals company's stock valued at $362,000 after buying an additional 33 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Sherwin-Williams by 41.8% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the specialty chemicals company's stock valued at $39,000 after buying an additional 33 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Sherwin-Williams by 1.3% in the first quarter. Integrated Wealth Concepts LLC now owns 2,655 shares of the specialty chemicals company's stock valued at $927,000 after acquiring an additional 33 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other 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.