Sherwin-Williams (NYSE:SHW) Price Target Lowered to $391.00 at BMO Capital Markets

Sherwin-Williams (NYSE:SHW - Free Report) had its price target lowered by BMO Capital Markets from $405.00 to $391.00 in a research report report published on Wednesday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the specialty chemicals company's stock.

SHW has been the subject of a number of other reports. Royal Bank Of Canada raised their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Barclays lowered their price objective on shares of 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. Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $405.00 to $385.00 in a research note on Friday, June 13th. Wells Fargo & Company decreased 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. Finally, UBS Group raised their price target on shares of Sherwin-Williams from $398.00 to $410.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $383.33.

Sherwin-Williams Trading Down 0.3%

SHW stock traded down $1.06 during mid-day trading on Wednesday, hitting $339.15. 477,609 shares of the company were exchanged, compared to its average volume of 1,750,565. The company has a quick ratio of 0.45, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $84.99 billion, a P/E ratio of 33.65, a PEG ratio of 3.25 and a beta of 1.18. The business has a fifty day simple moving average of $348.62 and a 200-day simple moving average of $348.06. Sherwin-Williams has a 12-month low of $308.84 and a 12-month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. During the same period in the previous year, the business posted $3.70 EPS. The business's revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts predict that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

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

Institutional Trading of Sherwin-Williams

Institutional investors have recently modified their holdings of the stock. Park Square Financial Group LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams in the first quarter valued at $27,000. Valley National Advisers Inc. lifted its holdings 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 valued at $28,000 after purchasing an additional 34 shares during the last quarter. Synergy Investment Management LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 70 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at about $30,000. Hedge funds and other 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.