Sherwin-Williams (NYSE:SHW) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Sherwin-Williams received a "buy (B-)" rating from Weiss Ratings, emphasizing a positive outlook on its stock.
• Analysts have increased target prices for Sherwin-Williams, with Evercore ISI raising it to $400.00 and Bank of America to $375.00.
• The company reported a quarterly EPS of $3.38, which missed expectations of $3.76, but had a net margin of 11.03%.

Sherwin-Williams (NYSE:SHW - Get Free Report)'s stock had its "buy (b-)" rating restated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

SHW has been the topic of a number of other reports. Evercore ISI upped their target price on shares of Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Bank of America upgraded shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. BMO Capital Markets reduced their target price on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, UBS Group reiterated a "buy" rating and set a $400.00 target price (up from $395.00) on shares of Sherwin-Williams in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $387.93.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded up $0.48 during trading on Wednesday, hitting $337.48. 1,548,950 shares of the company's stock traded hands, compared to its average volume of 1,665,958. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The firm's fifty day moving average price is $355.21 and its 200 day moving average price is $348.53. Sherwin-Williams has a twelve month low of $308.84 and a twelve month high of $400.42. The company has a market cap of $84.14 billion, a PE ratio of 33.48, a PEG ratio of 2.80 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results 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 firm 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 quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Analysts forecast that Sherwin-Williams will post 12 earnings per share for the current year.

Insider Buying and Selling

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the sale, the chief accounting officer owned 377 shares of the company's stock, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Sherwin-Williams

Large investors have recently bought and sold shares of the company. Moors & Cabot Inc. increased its stake in Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock valued at $3,148,000 after purchasing an additional 39 shares in the last quarter. Ransom Advisory Ltd acquired a new position in shares of Sherwin-Williams in the first quarter valued at approximately $515,000. Kingswood Wealth Advisors LLC boosted its holdings in shares of Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock valued at $352,000 after buying an additional 201 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Sherwin-Williams in the first quarter valued at approximately $306,000. Finally, Moody Lynn & Lieberson LLC boosted its holdings in shares of Sherwin-Williams by 138.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company's stock valued at $7,005,000 after buying an additional 11,828 shares during the period. Institutional investors own 77.67% of the company's stock.

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.

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