Sherwin-Williams (NYSE:SHW) Given New $368.00 Price Target at Bank of America

Sherwin-Williams (NYSE:SHW) had its target price lowered by Bank of America from $375.00 to $368.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Mizuho decreased their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company set a $395.00 price target on shares of Sherwin-Williams and gave the company an “overweight” rating in a report on Friday. Citigroup reaffirmed a “neutral” rating and set a $380.00 price target (up from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Finally, Loop Capital decreased their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $387.13.

Sherwin-Williams Trading Up 0.9%

Shares of Sherwin-Williams stock opened at $335.22 on Tuesday. The company has a market capitalization of $83.58 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.76 and a beta of 1.20. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. Sherwin-Williams has a 12-month low of $308.84 and a 12-month high of $400.42. The firm’s 50-day moving average price is $354.37 and its two-hundred day moving average price is $348.31.

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

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. This trade represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. This represents a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Moors & Cabot Inc. lifted its position in shares of Sherwin-Williams by 0.4% in the 1st quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock worth $3,148,000 after purchasing an additional 39 shares during the period. Ransom Advisory Ltd acquired a new position in shares of Sherwin-Williams in the 1st quarter worth approximately $515,000. Johnson Investment Counsel Inc. lifted its position in shares of Sherwin-Williams by 95.8% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 78,144 shares of the specialty chemicals company’s stock worth $26,832,000 after purchasing an additional 38,228 shares during the period. Kingswood Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 25.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock valued at $352,000 after acquiring an additional 201 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter valued at $306,000. Institutional investors and hedge funds 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.