The Sherwin-Williams Company (NYSE:SHW) Receives Consensus Rating of “Hold” from Analysts

The Sherwin-Williams Company (NYSE:SHWGet Rating) has been assigned an average recommendation of “Hold” from the twenty-two brokerages that are currently covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $323.50.

SHW has been the topic of a number of research reports. Mizuho cut their target price on shares of Sherwin-Williams from $353.00 to $350.00 in a research report on Friday, January 28th. KeyCorp lowered their price target on shares of Sherwin-Williams from $394.00 to $335.00 and set an “overweight” rating on the stock in a report on Monday, January 31st. Wells Fargo & Company lowered their price target on shares of Sherwin-Williams from $315.00 to $275.00 and set an “equal weight” rating on the stock in a report on Monday, April 18th. Seaport Res Ptn restated a “neutral” rating on shares of Sherwin-Williams in a report on Wednesday, April 20th. Finally, Bank of America upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lowered their price target for the company from $325.00 to $296.00 in a report on Tuesday, March 22nd.

NYSE SHW opened at $276.35 on Friday. The company has a debt-to-equity ratio of 3.85, a quick ratio of 0.54 and a current ratio of 0.88. The company has a market capitalization of $71.89 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. The company’s 50-day simple moving average is $261.49 and its two-hundred day simple moving average is $289.22. Sherwin-Williams has a one year low of $233.32 and a one year high of $354.15.

Sherwin-Williams (NYSE:SHWGet Rating) last posted its earnings results on Tuesday, April 26th. The specialty chemicals company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.07. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.92 billion. Sherwin-Williams had a net margin of 9.00% and a return on equity of 80.22%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 EPS. Equities analysts expect that Sherwin-Williams will post 9.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 20th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 19th. Sherwin-Williams’s payout ratio is 34.99%.

In other Sherwin-Williams news, insider Justin T. Binns sold 1,542 shares of Sherwin-Williams stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $259.99, for a total transaction of $400,904.58. Following the completion of the sale, the insider now directly owns 6,877 shares in the company, valued at approximately $1,787,951.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Colony Group LLC increased its holdings in shares of Sherwin-Williams by 0.8% during the 3rd quarter. Colony Group LLC now owns 3,926 shares of the specialty chemicals company’s stock valued at $1,098,000 after purchasing an additional 31 shares in the last quarter. Jacobi Capital Management LLC increased its holdings in shares of Sherwin-Williams by 5.1% during the 3rd quarter. Jacobi Capital Management LLC now owns 682 shares of the specialty chemicals company’s stock valued at $191,000 after purchasing an additional 33 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of Sherwin-Williams by 0.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 3,772 shares of the specialty chemicals company’s stock valued at $1,328,000 after purchasing an additional 33 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Sherwin-Williams by 1.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,024 shares of the specialty chemicals company’s stock valued at $713,000 after purchasing an additional 33 shares in the last quarter. Finally, Corient Capital Partners LLC increased its holdings in shares of Sherwin-Williams by 1.1% during the 3rd quarter. Corient Capital Partners LLC now owns 3,346 shares of the specialty chemicals company’s stock valued at $936,000 after purchasing an additional 36 shares in the last quarter. 77.35% 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.

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Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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