Sherwin-Williams (NYSE:SHW) Given New $400.00 Price Target at Evercore ISI

Key Points

• Evercore ISI has increased its price target for Sherwin-Williams from $380.00 to $400.00, indicating a 9.09% potential upside from the company's last close.
• The company's stock has recently seen mixed opinions from analysts, with ratings ranging from "Strong Buy" to "Hold," and a current average price target of $387.27.
• Sherwin-Williams reported an EPS of $3.38 for the last quarter, falling short of estimates, despite a 6% year-over-year revenue increase.

Sherwin-Williams (NYSE:SHW - Get Free Report) had its price objective lifted by equities researchers at Evercore ISI from $380.00 to $400.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the specialty chemicals company's stock. Evercore ISI's target price indicates a potential upside of 9.09% from the company's previous close.

A number of other analysts have also weighed in on SHW. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. BMO Capital Markets reduced their price target on shares of Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Bank of America raised shares of Sherwin-Williams from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th. Royal Bank Of Canada upped their price target on shares of Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, UBS Group reduced their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $387.27.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $0.3250 during midday trading on Tuesday, reaching $366.6750. 85,659 shares of the stock traded hands, compared to its average volume of 1,789,224. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The firm has a fifty day moving average price of $347.88 and a two-hundred day moving average price of $348.02. The firm has a market cap of $91.42 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 3.10 and a beta of 1.16. Sherwin-Williams has a fifty-two week low of $308.84 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results 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). The firm had revenue of $6.31 billion for 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%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities research analysts forecast that Sherwin-Williams will post 12 earnings per share for the current year.

Insider Activity at Sherwin-Williams

In related 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 in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Sherwin-Williams

Several hedge funds have recently made changes to their positions in SHW. MTM Investment Management LLC purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $27,000. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams in the 1st quarter worth approximately $27,000. Valley National Advisers Inc. lifted its position in Sherwin-Williams by 68.0% in the 2nd quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 34 shares in the last quarter. Finally, Synergy Investment Management LLC lifted its position in Sherwin-Williams by 583.3% in the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

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.

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