Several other brokerages also recently weighed in on SHW. Bank of America downgraded Sherwin-Williams from a buy rating to a neutral rating and reduced their price target for the company from $313.00 to $292.00 in a report on Wednesday, July 13th. Northcoast Research raised Sherwin-Williams from a neutral rating to a buy rating and set a $300.00 price objective on the stock in a research report on Tuesday, July 12th. Loop Capital increased their price objective on Sherwin-Williams from $300.00 to $315.00 in a research report on Wednesday, April 27th. Morgan Stanley reaffirmed a maintains rating and set a $300.00 price objective (down from $330.00) on shares of Sherwin-Williams in a research report on Thursday. Finally, Credit Suisse Group dropped their price objective on Sherwin-Williams from $245.00 to $225.00 and set a maintains rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams has an average rating of Moderate Buy and a consensus price target of $305.55.
Sherwin-Williams Price Performance
SHW opened at $241.94 on Thursday. The stock has a fifty day simple moving average of $246.19 and a two-hundred day simple moving average of $259.57. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 3.85. The company has a market cap of $62.94 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06. Sherwin-Williams has a 12-month low of $214.22 and a 12-month high of $354.15.
Sherwin-Williams Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, August 18th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 34.99%.
Insider Activity at Sherwin-Williams
In related news, insider Justin T. Binns sold 1,542 shares of Sherwin-Williams stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $259.99, for a total transaction of $400,904.58. Following the sale, the insider now owns 6,877 shares of the company’s stock, valued at approximately $1,787,951.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.
Institutional Trading of Sherwin-Williams
A number of large investors have recently added to or reduced their stakes in SHW. New England Professional Planning Group Inc. purchased a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $201,000. Amplius Wealth Advisors LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $25,000. Rational Advisors LLC boosted its holdings in shares of Sherwin-Williams by 126.5% in the 4th quarter. Rational Advisors LLC now owns 77 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 43 shares during the period. DB Fitzpatrick & Co Inc purchased a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $41,000. Finally, Cornerstone Advisory LLC purchased a new position in Sherwin-Williams during the 4th quarter valued at $44,000. Institutional investors own 77.35% of the company’s stock.
Sherwin-Williams Company Profile
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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