The Sherwin-Williams Company (NYSE:SHW) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• The Sherwin-Williams Company has received a consensus rating of "Moderate Buy" from seventeen analysts, with an average 1-year target price of $387.27.
• Recent insider transactions include a sale of 860 shares by CAO James P. Lang, reducing his ownership by 69.52%, and another sale by insider Justin T. Binns of 609 shares.
• The company's latest quarterly earnings reported an EPS of $3.38, missing estimates, and a revenue of $6.31 billion, matching expectations.

The Sherwin-Williams Company (NYSE:SHW - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $387.2667.

SHW has been the subject of a number of analyst reports. Evercore ISI upped their price target on Sherwin-Williams from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. UBS Group reduced their price target on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Loop Capital reduced their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets dropped their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Mizuho dropped their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd.

Insider Transactions at Sherwin-Williams

In other news, CAO James P. Lang sold 860 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the transaction, the chief accounting officer owned 377 shares of the company's stock, valued at $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares of the company's stock, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Hedge Funds Weigh In On Sherwin-Williams

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHW. Richard W. Paul & Associates LLC raised its stake in shares of Sherwin-Williams by 1.6% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company's stock valued at $647,000 after purchasing an additional 30 shares in the last quarter. Valley Brook Capital Group Inc. raised its stake in shares of Sherwin-Williams by 2.4% in the 2nd quarter. Valley Brook Capital Group Inc. now owns 1,311 shares of the specialty chemicals company's stock valued at $450,000 after purchasing an additional 31 shares in the last quarter. 17 Capital Partners LLC raised its stake in shares of Sherwin-Williams by 0.9% in the 2nd quarter. 17 Capital Partners LLC now owns 3,340 shares of the specialty chemicals company's stock valued at $1,147,000 after purchasing an additional 31 shares in the last quarter. Opal Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after purchasing an additional 32 shares in the last quarter. Finally, Jessup Wealth Management Inc raised its stake in shares of Sherwin-Williams by 1.4% in the 2nd quarter. Jessup Wealth Management Inc now owns 2,341 shares of the specialty chemicals company's stock valued at $804,000 after purchasing an additional 32 shares in the last quarter. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Stock Down 0.7%

Sherwin-Williams stock opened at $357.48 on Tuesday. The stock has a market cap of $89.13 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 2.99 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. Sherwin-Williams has a one year low of $308.84 and a one year high of $400.42. The stock has a fifty day moving average of $354.48 and a 200 day moving average of $349.07.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). The company had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.70 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, sell-side analysts predict that Sherwin-Williams will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.79 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams's dividend payout ratio is 31.35%.

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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