Sherwin-Williams (NYSE:SHW) PT Raised to $310.00

Sherwin-Williams (NYSE:SHW - Get Free Report) had its target price upped by analysts at Robert W. Baird from $300.00 to $310.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the specialty chemicals company's stock. Robert W. Baird's target price indicates a potential upside of 2.06% from the company's current price.

A number of other brokerages have also recently issued reports on SHW. Barclays lifted their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an "equal weight" rating in a report on Monday, January 29th. Wells Fargo & Company lifted their price target on Sherwin-Williams from $310.00 to $320.00 and gave the company an "equal weight" rating in a research note on Friday, January 26th. Northcoast Research raised Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $360.00 price objective for the company in a research note on Tuesday, February 27th. StockNews.com upgraded Sherwin-Williams from a "hold" rating to a "buy" rating in a report on Friday, March 8th. Finally, UBS Group raised Sherwin-Williams from a "neutral" rating to a "buy" rating and increased their price target for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average price target of $333.39.

Sherwin-Williams Stock Up 0.5 %

Sherwin-Williams stock traded up $1.38 during midday trading on Wednesday, reaching $303.74. The stock had a trading volume of 2,189,656 shares, compared to its average volume of 1,454,776. The company has a fifty day moving average price of $328.40 and a two-hundred day moving average price of $298.73. The company has a market capitalization of $77.29 billion, a P/E ratio of 32.62, a PEG ratio of 2.45 and a beta of 1.15. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. Sherwin-Williams has a 12 month low of $221.76 and a 12 month high of $348.37.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the firm earned $2.04 EPS. The company's revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that Sherwin-Williams will post 11.46 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Justin T. Binns sold 1,563 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company's stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Justin T. Binns sold 1,563 shares of the company's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares of the company's stock, valued at $4,935,302.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares of the company's stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders sold a total of 32,050 shares of company stock valued at $10,340,237 over the last three months. Corporate insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Sherwin-Williams

Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Sherwin-Williams by 16.2% in 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 acquiring an additional 6,639 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Sherwin-Williams during the fourth quarter valued at $38,444,000. Machina Capital S.A.S. increased its holdings in Sherwin-Williams by 149.0% in the 3rd quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company's stock valued at $2,473,000 after acquiring an additional 5,801 shares during the last quarter. AIA Group Ltd lifted its stake in Sherwin-Williams by 20.8% in the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company's stock worth $5,088,000 after purchasing an additional 2,810 shares in the last quarter. Finally, Pearl River Capital LLC bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $4,517,000. 77.67% of the stock is currently 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.