Sherwin-Williams (NYSE:SHW) Price Target Cut to $380.00 by Analysts at Evercore ISI

Sherwin-Williams (NYSE:SHW - Get Free Report) had its price objective cut by equities research analysts at Evercore ISI from $385.00 to $380.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the specialty chemicals company's stock. Evercore ISI's price target points to a potential upside of 23.24% from the company's current price.

Other equities analysts have also issued research reports about the company. Seaport Res Ptn lowered Sherwin-Williams from a "buy" rating to a "neutral" rating in a research report on Monday, January 8th. Wolfe Research started coverage on Sherwin-Williams in a research report on Friday, March 1st. They issued a "peer perform" rating for the company. Robert W. Baird reaffirmed a "neutral" rating and issued a $300.00 price target (up previously from $270.00) on shares of Sherwin-Williams in a research report on Wednesday, January 3rd. Barclays lifted their price target on Sherwin-Williams from $285.00 to $315.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. Finally, StockNews.com raised Sherwin-Williams from a "hold" rating to a "buy" rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $325.94.

Sherwin-Williams Stock Down 1.8 %

Shares of SHW stock traded down $5.62 during mid-day trading on Tuesday, reaching $308.35. 1,440,697 shares of the company's stock traded hands, compared to its average volume of 1,402,189. Sherwin-Williams has a 12 month low of $221.76 and a 12 month high of $348.37. The company has a market cap of $78.46 billion, a P/E ratio of 33.34, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The company's 50-day moving average price is $328.69 and its 200-day moving average price is $296.82.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.25 billion for the quarter, compared to analysts' expectations of $5.23 billion. During the same quarter in the previous year, the business posted $1.89 EPS. The company's quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts expect that Sherwin-Williams will post 11.44 earnings per share for the current fiscal year.

Insider Activity at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Mary L. Garceau sold 23,518 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares in the company, valued at approximately $9,187,743.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the transaction, the insider now owns 9,329 shares of the company's stock, valued at $2,925,014.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Sherwin-Williams by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,435,960 shares of the specialty chemicals company's stock worth $6,685,876,000 after purchasing an additional 179,274 shares during the period. FMR LLC boosted its stake in Sherwin-Williams by 65.4% in the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company's stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Morgan Stanley boosted its stake in Sherwin-Williams by 50.9% in the 4th quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company's stock worth $1,229,386,000 after purchasing an additional 1,747,586 shares during the period. Geode Capital Management LLC boosted its stake in Sherwin-Williams by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 4,179,547 shares of the specialty chemicals company's stock worth $936,902,000 after purchasing an additional 73,605 shares during the period. Finally, Capital World Investors boosted its stake in Sherwin-Williams by 38.9% in the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company's stock worth $1,197,952,000 after purchasing an additional 1,075,351 shares during the period. 77.67% of the stock is currently owned by institutional investors.

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.