Mizuho Cuts Sherwin-Williams (NYSE:SHW) Price Target to $334.00

Sherwin-Williams (NYSE:SHW) had its price objective decreased by equities researchers at Mizuho from $340.00 to $334.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Mizuho’s price objective would indicate a potential upside of 9.58% from the stock’s current price.

Several other equities research analysts have also commented on the company. Wells Fargo & Company boosted their price target on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Barclays upped their target price on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Evercore ISI dropped their price target on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Citigroup boosted their price objective on shares of Sherwin-Williams from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their target price for the company from $312.00 to $402.00 in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $337.37.

Sherwin-Williams Trading Up 0.4 %

Shares of SHW stock opened at $304.80 on Wednesday. Sherwin-Williams has a 1-year low of $221.76 and a 1-year high of $348.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. The business’s fifty day moving average price is $328.10 and its 200 day moving average price is $298.81. The firm has a market capitalization of $77.56 billion, a PE ratio of 32.49, a P/E/G ratio of 2.41 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period last year, the company earned $2.04 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Sherwin-Williams will post 11.44 EPS for the current fiscal year.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now directly owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Sherwin-Williams during the fourth quarter worth about $1,176,356,000. FMR LLC increased its position in Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares in the last quarter. Alphinity Investment Management Pty Ltd purchased a new position in Sherwin-Williams in the fourth quarter valued at approximately $432,737,000. Capital World Investors lifted its position in Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after buying an additional 1,075,351 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Sherwin-Williams by 2,853.9% during the fourth quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock worth $202,793,000 after buying an additional 628,175 shares during the period. 77.67% of the stock is 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.