UBS Group Issues Pessimistic Forecast for Sherwin-Williams (NYSE:SHW) Stock Price

Sherwin-Williams (NYSE:SHW - Free Report) had its price target reduced by UBS Group from $410.00 to $395.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the specialty chemicals company's stock.

Several other research analysts also recently weighed in on the company. Barclays cut their price target on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Mizuho lowered their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a report on Wednesday. Loop Capital decreased their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $383.33.

Sherwin-Williams Trading Down 0.3%

Shares of Sherwin-Williams stock traded down $1.08 during midday trading on Wednesday, reaching $339.13. The company had a trading volume of 694,128 shares, compared to its average volume of 1,752,245. The stock has a fifty day moving average price of $348.62 and a 200 day moving average price of $348.06. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.45. The firm has a market cap of $84.99 billion, a PE ratio of 33.67, a P/E/G ratio of 3.25 and a beta of 1.18. 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 issued its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the company earned $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts anticipate that Sherwin-Williams will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.79 per share. The ex-dividend date is Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Institutional Investors Weigh In On Sherwin-Williams

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in Sherwin-Williams in the fourth quarter valued at about $27,000. Perkins Coie Trust Co purchased a new stake in shares of Sherwin-Williams during the first quarter worth about $27,000. Valley National Advisers Inc. grew its position in shares of Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Synergy Investment Management LLC grew its holdings in Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 70 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Sherwin-Williams during the 1st quarter valued at approximately $30,000. 77.67% of the stock is 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.