Mizuho Issues Positive Forecast for Sherwin-Williams (NYSE:SHW) Stock Price

Sherwin-Williams (NYSE:SHW) had its price objective raised by Mizuho from $400.00 to $410.00 in a research report report published on Tuesday, MarketBeat reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. 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 report on Wednesday, January 7th. Zacks Research lowered Sherwin-Williams from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a report on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $367.55 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. The business’s fifty day moving average price is $344.75 and its two-hundred day moving average price is $346.07. Sherwin-Williams has a fifty-two week low of $308.84 and a fifty-two week high of $379.65. The stock has a market capitalization of $91.11 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 3.19 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the company earned $2.09 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts predict that Sherwin-Williams will post 12 EPS for the current fiscal year.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sherwin-Williams

Several large investors have recently bought and sold shares of SHW. Viking Global Investors LP boosted its stake in Sherwin-Williams by 10.1% in the fourth quarter. Viking Global Investors LP now owns 3,172,308 shares of the specialty chemicals company’s stock valued at $1,027,923,000 after acquiring an additional 291,217 shares during the last quarter. Obion Capital Management LP acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $7,001,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Sherwin-Williams in the 4th quarter worth $10,738,000. One Madison Group LLC grew its stake in shares of Sherwin-Williams by 95.5% during the fourth quarter. One Madison Group LLC now owns 43,000 shares of the specialty chemicals company’s stock worth $13,933,000 after purchasing an additional 21,000 shares during the period. Finally, DV Equities LLC bought a new stake in Sherwin-Williams in the fourth quarter valued at about $104,000. 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.