The Sherwin-Williams Company (NYSE:SHW) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of The Sherwin-Williams Company (NYSE:SHW) have earned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $388.4375.

SHW has been the subject of several analyst reports. Citigroup raised Sherwin-Williams from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $392.00 to $390.00 in a research report on Thursday, December 18th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research note on Wednesday, January 7th. JPMorgan Chase & Co. lifted their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Bank of America reduced their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Finally, Mizuho lowered their price target on shares of Sherwin-Williams from $400.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, December 18th.

Sherwin-Williams Stock Up 0.5%

Shares of NYSE SHW opened at $358.04 on Monday. The company has a 50 day simple moving average of $334.83 and a 200 day simple moving average of $343.54. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.52. Sherwin-Williams has a 1 year low of $308.84 and a 1 year high of $379.65. The firm has a market cap of $88.75 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 4.42 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.15. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, research analysts forecast that Sherwin-Williams will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 14th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.83%.

Institutional Trading of Sherwin-Williams

A number of large investors have recently bought and sold shares of SHW. Norges Bank acquired a new position in shares of Sherwin-Williams in the 2nd quarter valued at about $1,296,565,000. Viking Global Investors LP increased its holdings in Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after purchasing an additional 985,520 shares in the last quarter. Bessemer Group Inc. lifted its stake in Sherwin-Williams by 4,029.8% in the second quarter. Bessemer Group Inc. now owns 621,532 shares of the specialty chemicals company’s stock valued at $213,410,000 after buying an additional 606,482 shares during the period. Amundi boosted its holdings in shares of Sherwin-Williams by 55.8% during the 2nd quarter. Amundi now owns 1,665,333 shares of the specialty chemicals company’s stock worth $587,047,000 after buying an additional 596,657 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Sherwin-Williams by 22.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,039,306 shares of the specialty chemicals company’s stock worth $1,043,595,000 after buying an additional 553,275 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.