The Sherwin-Williams Company (NYSE:SHW) Receives Average Recommendation of “Moderate Buy” from Analysts
The Sherwin-Williams Company (NYSE:SHW – Get Free Report) has been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $287.44.
SHW has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on Sherwin-Williams from $300.00 to $285.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. Citigroup lowered their price objective on shares of Sherwin-Williams from $310.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Wells Fargo & Company reduced their target price on shares of Sherwin-Williams from $300.00 to $290.00 and set an “equal weight” rating for the company in a report on Friday, August 25th. Evercore ISI raised their price target on Sherwin-Williams from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Finally, Bank of America downgraded Sherwin-Williams from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $300.00 to $275.00 in a research note on Wednesday, October 18th.
Check Out Our Latest Report on SHW
Sherwin-Williams Trading Up 0.5 %
NYSE SHW opened at $283.00 on Wednesday. The firm’s fifty day moving average price is $256.29 and its 200 day moving average price is $258.65. Sherwin-Williams has a 12 month low of $205.43 and a 12 month high of $285.55. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.94 and a quick ratio of 0.60. The company has a market capitalization of $72.44 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11.
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.43. Sherwin-Williams had a return on equity of 78.92% and a net margin of 10.50%. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6 billion. On average, sell-side analysts expect that Sherwin-Williams will post 10.3 earnings per share for the current fiscal year.
Sherwin-Williams Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 25.91%.
Insiders Place Their Bets
In related news, CEO John G. Morikis purchased 2,125 shares of Sherwin-Williams stock in a transaction dated Wednesday, October 25th. The stock was bought at an average cost of $237.60 per share, for a total transaction of $504,900.00. Following the transaction, the chief executive officer now owns 317,270 shares in the company, valued at $75,383,352. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Sherwin-Williams
Several hedge funds have recently bought and sold shares of the company. Roundview Capital LLC boosted its position in shares of Sherwin-Williams by 8.1% in the 1st quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock worth $2,013,000 after buying an additional 607 shares in the last quarter. Cibc World Market Inc. grew its position in shares of Sherwin-Williams by 189.1% in the first quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock valued at $2,598,000 after purchasing an additional 6,808 shares during the last quarter. Sei Investments Co. increased its stake in shares of Sherwin-Williams by 26.5% during the 1st quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock worth $29,956,000 after purchasing an additional 24,884 shares in the last quarter. Prudential PLC acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $1,231,000. Finally, Cetera Investment Advisers lifted its stake in Sherwin-Williams by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock valued at $2,842,000 after buying an additional 287 shares in the last quarter. 75.87% of the stock is owned by hedge funds and other institutional investors.
About Sherwin-Williams (Get Free Report
The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
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