Sherwin-Williams (NYSE:SHW) Price Target Lowered to $371.00 at Mizuho

Sherwin-Williams (NYSE:SHW) had its price objective reduced by Mizuho from $410.00 to $371.00 in a research report released on Monday,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

A number of other equities analysts have also issued reports on SHW. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research report on Wednesday, January 7th. UBS Group set a $420.00 price target on shares of Sherwin-Williams in a report on Friday, January 30th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a report on Monday, January 19th. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada reduced their price objective on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $384.43.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $314.24 on Monday. The company has a market cap of $77.73 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.63 and a beta of 1.25. The business has a 50 day moving average price of $348.66 and a 200 day moving average price of $342.08. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. Sherwin-Williams has a twelve month low of $301.58 and a twelve month high of $379.65.

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

Sherwin-Williams Increases Dividend

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

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the sale, the senior vice president directly owned 10,045 shares of the company’s stock, valued at approximately $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

Large investors have recently modified their holdings of the business. Cordatus Wealth Management LLC lifted its stake in shares of Sherwin-Williams by 149.4% during the 3rd quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after buying an additional 5,744 shares during the last quarter. Nordea Investment Management AB grew its stake in Sherwin-Williams by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after buying an additional 17,422 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in Sherwin-Williams by 26.1% in the 3rd quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock valued at $10,709,000 after acquiring an additional 6,408 shares during the period. Mairs & Power Inc. lifted its position in Sherwin-Williams by 0.7% during the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock worth $160,680,000 after acquiring an additional 3,430 shares during the last quarter. Finally, Inscription Capital LLC acquired a new stake in Sherwin-Williams during the third quarter worth approximately $1,069,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Company Profile

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.