Sherwin-Williams (NYSE:SHW) Lifted to "Overweight" at KeyCorp

KeyCorp upgraded shares of Sherwin-Williams (NYSE:SHW - Free Report) from a sector weight rating to an overweight rating in a research note issued to investors on Thursday morning, Marketbeat reports. KeyCorp currently has $400.00 target price on the specialty chemicals company's stock.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised Sherwin-Williams from a hold rating to a buy rating in a research note on Friday, March 8th. BMO Capital Markets reissued an outperform rating and issued a $377.00 price target (down previously from $385.00) on shares of Sherwin-Williams in a research note on Wednesday. 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 note on Thursday, March 7th. Robert W. Baird increased their price target on Sherwin-Williams from $300.00 to $310.00 and gave the company a neutral rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on Sherwin-Williams from $317.00 to $315.00 and set an overweight rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $337.37.

Sherwin-Williams Trading Up 0.4 %

Sherwin-Williams stock traded up $1.07 during trading hours on Thursday, hitting $304.80. The stock had a trading volume of 2,004,847 shares, compared to its average volume of 1,461,671. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 2.32. The stock has a market cap of $77.56 billion, a price-to-earnings ratio of 32.49, a P/E/G ratio of 2.39 and a beta of 1.15. Sherwin-Williams has a one year low of $221.76 and a one year high of $348.37. The business's 50 day simple moving average is $328.10 and its 200-day simple moving average is $298.81.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results 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). The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. Sherwin-Williams's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 earnings per share. On average, equities analysts predict that Sherwin-Williams will post 11.46 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.715 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.94%. Sherwin-Williams's dividend payout ratio (DPR) is presently 30.49%.

Insider Activity

In other news, insider Justin T. Binns sold 1,563 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Justin T. Binns sold 1,563 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were 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 owns 28,475 shares in the company, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 over the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Sherwin-Williams

A number of hedge funds have recently bought and sold shares of the business. First Hawaiian Bank lifted its holdings in Sherwin-Williams by 0.5% during the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company's stock worth $2,358,000 after acquiring an additional 34 shares during the period. Tsfg LLC lifted its holdings in Sherwin-Williams by 4.7% during the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company's stock worth $235,000 after acquiring an additional 34 shares during the period. Manchester Capital Management LLC lifted its holdings in Sherwin-Williams by 5.5% during the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company's stock worth $208,000 after acquiring an additional 35 shares during the period. Tealwood Asset Management Inc. lifted its holdings in Sherwin-Williams by 0.7% during the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company's stock worth $1,706,000 after acquiring an additional 35 shares during the period. Finally, Ellsworth Advisors LLC increased its position in Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company's stock worth $1,281,000 after buying an additional 36 shares during the last quarter. 77.67% of the stock is currently owned by 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.