The Sherwin-Williams Company (NYSE:SHW) Receives $397.00 Average Target Price from Analysts

Shares of The Sherwin-Williams Company (NYSE:SHW - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $397.00.

A number of equities research analysts have recently commented on SHW shares. UBS Group dropped their price objective on shares of Sherwin-Williams from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Zelman & Associates raised shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Jefferies Financial Group reaffirmed a "hold" rating and set a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Mizuho set a $395.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd.

Sherwin-Williams Stock Up 0.5%

Shares of SHW stock traded up $1.77 during mid-day trading on Wednesday, hitting $363.22. 892,926 shares of the stock traded hands, compared to its average volume of 1,761,274. The stock has a market cap of $91.02 billion, a P/E ratio of 34.43, a P/E/G ratio of 2.98 and a beta of 1.25. The stock's fifty day moving average is $341.61 and its two-hundred day moving average is $355.22. Sherwin-Williams has a 52-week low of $282.09 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The firm had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the company posted $2.17 earnings per share. The company's revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts predict that Sherwin-Williams will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 annualized dividend and a dividend yield of 0.87%. Sherwin-Williams's dividend payout ratio is presently 29.87%.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company's stock.

Institutional Trading of Sherwin-Williams

Institutional investors and hedge funds have recently bought and sold shares of the stock. Midwest Capital Advisors LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $26,000. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams in the 1st quarter valued at about $27,000. Park Square Financial Group LLC purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $27,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams in the 4th quarter valued at about $28,000. Finally, Synergy Investment Management LLC raised its holdings in 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 buying an additional 70 shares during the period. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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.