The Sherwin-Williams Company (NYSE:SHW) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• The Sherwin-Williams Company has received a consensus recommendation of "Moderate Buy" from 17 brokerages, with an average price target of $387.60.
• The company recently reported earnings per share (EPS) of $3.38, missing the consensus estimate by $0.38, while their revenue was $6.31 billion, inline with expectations.
• Sherwin-Williams declared a quarterly dividend of $0.79, equating to an annualized total of $3.16, resulting in a 1.0% dividend yield.

The Sherwin-Williams Company (NYSE:SHW - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $387.60.

Several research analysts have issued reports on SHW shares. Evercore ISI boosted their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. dropped their target price on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company set a $395.00 target price on Sherwin-Williams and gave the company an "overweight" rating in a research report on Friday. Citigroup restated a "neutral" rating and set a $380.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a research report on Monday. Finally, Bank of America upgraded Sherwin-Williams from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $296.00 to $375.00 in a research report on Thursday, August 14th.

Sherwin-Williams Trading Down 0.2%

Shares of NYSE SHW opened at $332.51 on Friday. The business's 50 day moving average is $355.02 and its two-hundred day moving average is $348.40. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. Sherwin-Williams has a 1-year low of $308.84 and a 1-year high of $400.42. The stock has a market capitalization of $82.90 billion, a P/E ratio of 32.99, a PEG ratio of 2.77 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter last year, the firm earned $3.70 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, research analysts expect that Sherwin-Williams will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were issued a $0.79 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams's payout ratio is presently 31.35%.

Insider Buying and Selling

In related news, CAO James P. Lang sold 860 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Justin T. Binns sold 609 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider owned 17,922 shares of the company's stock, valued at $6,609,992.04. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Sherwin-Williams

Large investors have recently modified their holdings of the company. Moors & Cabot Inc. lifted its holdings in Sherwin-Williams by 0.4% during the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company's stock worth $3,148,000 after buying an additional 39 shares during the period. Ransom Advisory Ltd purchased a new stake in Sherwin-Williams during the first quarter worth $515,000. Kingswood Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 25.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company's stock worth $352,000 after buying an additional 201 shares during the period. Sowell Financial Services LLC purchased a new stake in Sherwin-Williams during the first quarter worth $306,000. Finally, Moody Lynn & Lieberson LLC lifted its holdings in Sherwin-Williams by 138.0% during the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company's stock worth $7,005,000 after buying an additional 11,828 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

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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