Sherwin-Williams (NYSE:SHW) Price Target Lowered to $376.00 at Royal Bank Of Canada

Sherwin-Williams (NYSE:SHW) had its price target trimmed by Royal Bank Of Canada from $390.00 to $376.00 in a report issued on Thursday,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

SHW has been the subject of several other research reports. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. UBS Group set a $420.00 price target on shares of Sherwin-Williams in a research report on Friday, January 30th. Zacks Research downgraded Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a research report on Thursday, January 22nd. Finally, Mizuho boosted their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average price target of $387.21.

Sherwin-Williams Stock Performance

NYSE SHW opened at $310.10 on Thursday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53. Sherwin-Williams has a 1-year low of $303.42 and a 1-year high of $379.65. The firm has a market capitalization of $76.71 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.70 and a beta of 1.25. The business’s 50-day simple moving average is $350.52 and its 200-day simple moving average is $343.14.

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

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a dividend of $0.80 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s payout ratio is presently 31.16%.

Insiders Place Their Bets

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 value of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. This represents a 35.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president owned 10,045 shares of the company’s stock, valued at $3,661,101.15. This represents a 20.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

Hedge funds have recently bought and sold shares of the business. Cornerstone Planning LLC purchased a new stake in Sherwin-Williams during the 4th quarter worth approximately $2,435,000. Rockefeller Capital Management L.P. boosted its stake in shares of Sherwin-Williams by 7.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 106,890 shares of the specialty chemicals company’s stock valued at $34,636,000 after buying an additional 7,149 shares during the last quarter. World Investment Advisors grew its position in shares of Sherwin-Williams by 127.4% during the fourth quarter. World Investment Advisors now owns 5,545 shares of the specialty chemicals company’s stock worth $1,797,000 after buying an additional 3,107 shares in the last quarter. Demming Financial Services Corp ADV acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $1,063,000. Finally, Larry Mathis Financial Planning LLC bought a new stake in shares of Sherwin-Williams in the fourth quarter worth $221,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

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.