Mizuho Has Lowered Expectations for Sherwin-Williams (NYSE:SHW) Stock Price

Sherwin-Williams (NYSE:SHW - Get Free Report) had its price target cut by stock analysts at Mizuho from $400.00 to $385.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the specialty chemicals company's stock. Mizuho's price target would indicate a potential upside of 13.52% from the company's previous close.

SHW has been the subject of a number of other research reports. UBS Group raised their target price on Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Citigroup cut shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $405.00 to $385.00 in a research note on Friday, June 13th. Wells Fargo & Company reduced their price target on shares of Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday. Morgan Stanley reduced their price target 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. Finally, Barclays reduced their price objective on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $383.33.

Sherwin-Williams Stock Performance

Sherwin-Williams stock traded down $1.06 during mid-day trading on Wednesday, reaching $339.15. 477,609 shares of the company were exchanged, compared to its average volume of 1,750,565. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.45 and a current ratio of 0.78. The firm's 50-day simple moving average is $348.62 and its two-hundred day simple moving average is $348.06. Sherwin-Williams has a twelve month low of $308.84 and a twelve month high of $400.42. The firm has a market cap of $84.99 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.25 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate 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 return on equity of 66.91% and a net margin of 11.03%. The firm's revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $3.70 EPS. Equities analysts predict that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SHW. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the fourth quarter valued at $27,000. Perkins Coie Trust Co bought a new position in shares of Sherwin-Williams in the 1st quarter worth about $27,000. Valley National Advisers Inc. lifted its position in shares of 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 during the last quarter. Synergy Investment Management LLC lifted its position in shares of 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 during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Sherwin-Williams in the first quarter worth about $30,000. 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.