Analysts Set The Sherwin-Williams Company (NYSE:SHW) Price Target at $387.27

The Sherwin-Williams Company (NYSE:SHW) has been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $387.2667.

Several brokerages have weighed in on SHW. Wells Fargo & Company dropped their price objective on Sherwin-Williams from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI raised their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. dropped their price objective on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. BMO Capital Markets lowered their target price on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Finally, Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $296.00 to $375.00 in a research note on Thursday, August 14th.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $349.69 on Tuesday. The firm has a market capitalization of $87.19 billion, a P/E ratio of 34.69, a P/E/G ratio of 2.91 and a beta of 1.18. The firm’s 50-day moving average price is $354.54 and its 200-day moving average price is $349.06. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. Sherwin-Williams has a 1-year low of $308.84 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The company had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the business posted $3.70 earnings per share. Sherwin-Williams’s revenue was up .6% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts anticipate that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, August 15th. Sherwin-Williams’s payout ratio is presently 31.35%.

Insiders Place Their Bets

In related news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the completion of the sale, the chief accounting officer owned 377 shares of the company’s stock, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the sale, the insider directly owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This trade represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

Several large investors have recently added to or reduced their stakes in SHW. Brighton Jones LLC increased its holdings in Sherwin-Williams by 73.6% in the 4th quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after acquiring an additional 655 shares during the last quarter. Tang Capital Management LLC grew its holdings in Sherwin-Williams by 351.8% during the 4th quarter. Tang Capital Management LLC now owns 2,765 shares of the specialty chemicals company’s stock valued at $940,000 after buying an additional 2,153 shares in the last quarter. Strategic Wealth Partners Ltd. grew its holdings in Sherwin-Williams by 4.2% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 1,424 shares of the specialty chemicals company’s stock valued at $514,000 after buying an additional 57 shares in the last quarter. State of Wyoming grew its holdings in Sherwin-Williams by 143.0% during the 4th quarter. State of Wyoming now owns 678 shares of the specialty chemicals company’s stock valued at $230,000 after buying an additional 399 shares in the last quarter. Finally, Twinbeech Capital LP grew its holdings in Sherwin-Williams by 148.3% during the 4th quarter. Twinbeech Capital LP now owns 210,109 shares of the specialty chemicals company’s stock valued at $71,422,000 after buying an additional 125,496 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

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.