UBS Group Forecasts Strong Price Appreciation for Sherwin-Williams (NYSE:SHW) Stock

Sherwin-Williams (NYSE:SHW - Get Free Report) had its target price raised by analysts at UBS Group from $398.00 to $410.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the specialty chemicals company's stock. UBS Group's price objective suggests a potential upside of 18.35% from the stock's current price.

SHW has been the topic of a number of other research reports. Citigroup lowered shares of Sherwin-Williams from a "buy" rating to a "neutral" rating and cut their price target for the stock from $405.00 to $385.00 in a report on Friday, June 13th. Barclays cut their target price on shares of Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Royal Bank Of Canada lifted their target price on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Bank of America lifted their target price on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research note on Monday, June 23rd. Finally, Wells Fargo & Company raised shares of Sherwin-Williams from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given 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 $391.94.

Sherwin-Williams Trading Up 0.1%

Sherwin-Williams stock traded up $0.42 during trading hours on Wednesday, reaching $346.42. The stock had a trading volume of 315,421 shares, compared to its average volume of 1,713,823. The stock has a market cap of $86.81 billion, a PE ratio of 32.75, a PEG ratio of 3.11 and a beta of 1.18. Sherwin-Williams has a 52 week low of $297.86 and a 52 week high of $400.42. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.77 and a quick ratio of 0.45. The company has a fifty day simple moving average of $351.46 and a 200-day simple moving average of $347.93.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.42 billion. Sherwin-Williams had a net margin of 11.63% and a return on equity of 71.86%. The company's revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.17 EPS. Analysts forecast that Sherwin-Williams will post 12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Sherwin-Williams in the fourth quarter worth about $27,000. Perkins Coie Trust Co purchased a new position in Sherwin-Williams in the first quarter worth about $27,000. Lee Danner & Bass Inc. purchased a new position in Sherwin-Williams in the fourth quarter worth about $28,000. Synergy Investment Management LLC raised its holdings in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 70 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Sherwin-Williams during the first quarter valued at approximately $30,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

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.

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