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

Key Points

• The Sherwin-Williams Company has received an average consensus rating of "Moderate Buy" from seventeen brokerages, with a 1-year price target of $383.33.
• Recent earnings results showed the company reported $3.38 EPS, missing estimates, though revenue was in line with expectations at $6.31 billion.
• The firm declared a quarterly dividend of $0.79 per share, with an upcoming payment date on September 5th and a dividend yield of 0.93%.

Shares of The Sherwin-Williams Company (NYSE:SHW - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $383.33.

A number of brokerages have recently issued reports on SHW. Mizuho lowered their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. lowered their price objective 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 lowered 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, July 23rd. Citigroup lowered their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, BMO Capital Markets reduced 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.

Institutional Trading of Sherwin-Williams

A number of hedge funds and other institutional investors have recently made changes to their positions in SHW. Caitong International Asset Management Co. Ltd purchased a new position in Sherwin-Williams during the second quarter worth about $91,000. Asset Management One Co. Ltd. boosted its holdings in shares of Sherwin-Williams by 3.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 221,017 shares of the specialty chemicals company's stock worth $75,888,000 after purchasing an additional 6,665 shares in the last quarter. FSM Wealth Advisors LLC boosted its holdings in shares of Sherwin-Williams by 51.5% in the 2nd quarter. FSM Wealth Advisors LLC now owns 3,467 shares of the specialty chemicals company's stock worth $1,201,000 after purchasing an additional 1,179 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Sherwin-Williams by 10.3% in the 2nd quarter. Bleakley Financial Group LLC now owns 12,699 shares of the specialty chemicals company's stock worth $4,360,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Sherwin-Williams by 9.8% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,595 shares of the specialty chemicals company's stock worth $548,000 after purchasing an additional 143 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $1.01 on Monday, hitting $332.99. 420,732 shares of the company's stock were exchanged, compared to its average volume of 1,749,019. 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 12 month low of $308.84 and a 12 month high of $400.42. The stock has a market cap of $83.02 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 3.19 and a beta of 1.18. The company has a 50 day moving average of $346.77 and a 200 day moving average of $348.11.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced 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). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period in the previous year, the business posted $3.70 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts predict that Sherwin-Williams will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.95%. Sherwin-Williams's 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.