Sherwin-Williams (NYSE:SHW) Given New $375.00 Price Target at Citigroup

Sherwin-Williams (NYSE:SHW - Free Report) had its target price trimmed by Citigroup from $385.00 to $375.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the specialty chemicals company's stock.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company dropped their target price on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research note on Wednesday. Royal Bank Of Canada increased their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. UBS Group increased their target price on shares of Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Morgan Stanley dropped their target price on shares of Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $383.33.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $1.06 during trading hours on Wednesday, reaching $339.15. The stock had a trading volume of 477,609 shares, compared to its average volume of 1,750,565. The business's fifty day moving average is $348.62 and its two-hundred day moving average is $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 company has a market cap of $84.99 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.25 and a beta of 1.18. Sherwin-Williams has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. During the same quarter in the prior year, the company posted $3.70 EPS. The company's quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts expect that Sherwin-Williams will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio is currently 31.35%.

Institutional Trading of Sherwin-Williams

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams during the first quarter worth $27,000. Valley National Advisers Inc. grew its position in shares of Sherwin-Williams by 68.0% during 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 during the period. Synergy Investment Management LLC grew its position in shares of Sherwin-Williams by 583.3% during 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 during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams during the first quarter valued at approximately $30,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

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.