Sherwin-Williams (NYSE:SHW) Price Target Raised to $315.00

Sherwin-Williams (NYSE:SHWGet Rating) had its price target lifted by research analysts at Loop Capital from $300.00 to $315.00 in a report issued on Wednesday, The Fly reports. Loop Capital’s price target would indicate a potential upside of 16.08% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Morgan Stanley increased their target price on Sherwin-Williams from $345.00 to $375.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 11th. UBS Group upped their target price on shares of Sherwin-Williams from $310.00 to $350.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 4th. Wells Fargo & Company decreased their price target on shares of Sherwin-Williams from $315.00 to $275.00 and set an “equal weight” rating for the company in a research note on Monday, April 18th. Seaport Res Ptn reissued a “neutral” rating on shares of Sherwin-Williams in a research report on Wednesday, April 20th. Finally, Bank of America upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and cut their price target for the company from $325.00 to $296.00 in a research note on Tuesday, March 22nd. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $326.05.

SHW opened at $271.37 on Wednesday. The business has a fifty day simple moving average of $253.60 and a 200-day simple moving average of $294.91. Sherwin-Williams has a 52 week low of $233.32 and a 52 week high of $354.15. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 3.52. The firm has a market cap of $70.70 billion, a P/E ratio of 38.99, a P/E/G ratio of 2.07 and a beta of 1.15.

Sherwin-Williams (NYSE:SHWGet Rating) last posted its earnings results on Tuesday, April 26th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.07. Sherwin-Williams had a return on equity of 78.98% and a net margin of 9.35%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the prior year, the company earned $2.06 EPS. Sherwin-Williams’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts expect that Sherwin-Williams will post 9.36 earnings per share for the current year.

In other Sherwin-Williams news, CFO Allen J. Mistysyn bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 24th. The stock was purchased at an average price of $253.91 per share, with a total value of $253,910.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John G. Morikis bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The shares were acquired at an average cost of $259.55 per share, with a total value of $519,100.00. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley increased its position in Sherwin-Williams by 123.4% in the second quarter. Morgan Stanley now owns 2,950,247 shares of the specialty chemicals company’s stock worth $803,794,000 after buying an additional 1,629,745 shares during the period. Van ECK Associates Corp increased its position in Sherwin-Williams by 9.4% in the third quarter. Van ECK Associates Corp now owns 23,617 shares of the specialty chemicals company’s stock worth $6,606,000 after buying an additional 2,028 shares during the period. Deseret Mutual Benefit Administrators increased its position in Sherwin-Williams by 81.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 913 shares of the specialty chemicals company’s stock worth $255,000 after buying an additional 409 shares during the period. Toews Corp ADV acquired a new position in shares of Sherwin-Williams during the third quarter valued at $420,000. Finally, Dai Ichi Life Insurance Company Ltd increased its holdings in shares of Sherwin-Williams by 120.6% during the third quarter. Dai Ichi Life Insurance Company Ltd now owns 14,636 shares of the specialty chemicals company’s stock valued at $4,094,000 after purchasing an additional 8,000 shares during the period. 76.74% of the stock is owned by hedge funds and other institutional investors.

About Sherwin-Williams (Get Rating)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.

See Also

The Fly logo

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.