Sherwin-Williams (NYSE:SHW) PT Raised to $315.00 at Barclays

Sherwin-Williams (NYSE:SHWGet Free Report) had its price target boosted by stock analysts at Barclays from $285.00 to $315.00 in a report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s price objective would suggest a potential upside of 2.38% from the company’s current price.

SHW has been the subject of several other research reports. UBS Group lifted their price target on Sherwin-Williams from $274.00 to $312.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Mizuho dropped their price target on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Citigroup dropped their price target on Sherwin-Williams from $310.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Finally, The Goldman Sachs Group boosted their target price on Sherwin-Williams from $295.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $311.22.

Read Our Latest Report on SHW

Sherwin-Williams Trading Down 0.1 %

Shares of Sherwin-Williams stock opened at $307.69 on Monday. The firm has a market cap of $78.76 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.16 and a beta of 1.14. The business has a 50-day moving average price of $297.98 and a 200-day moving average price of $274.42. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. Sherwin-Williams has a twelve month low of $205.43 and a twelve month high of $314.14.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $1.89 earnings per share. Equities research analysts anticipate that Sherwin-Williams will post 11.35 EPS for the current fiscal year.

Insider Activity

In related news, SVP Mary L. Garceau sold 923 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $292.65, for a total value of $270,115.95. Following the completion of the transaction, the senior vice president now owns 21,363 shares of the company’s stock, valued at $6,251,881.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Mary L. Garceau sold 923 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $292.65, for a total transaction of $270,115.95. Following the transaction, the senior vice president now directly owns 21,363 shares of the company’s stock, valued at $6,251,881.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Heidi G. Petz sold 6,699 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $290.24, for a total value of $1,944,317.76. Following the transaction, the chief operating officer now directly owns 14,718 shares in the company, valued at $4,271,752.32. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

Several hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank boosted its holdings in Sherwin-Williams by 0.5% during the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock worth $2,358,000 after buying an additional 34 shares in the last quarter. Tsfg LLC boosted its holdings in Sherwin-Williams by 4.7% during the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after buying an additional 34 shares in the last quarter. Ellsworth Advisors LLC grew its position in shares of Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after purchasing an additional 36 shares during the last quarter. Hutner Capital Management Inc. grew its position in shares of Sherwin-Williams by 1.8% in the second quarter. Hutner Capital Management Inc. now owns 2,062 shares of the specialty chemicals company’s stock valued at $548,000 after purchasing an additional 37 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV grew its position in shares of Sherwin-Williams by 1.0% in the second quarter. Arbor Capital Management Inc. ADV now owns 3,884 shares of the specialty chemicals company’s stock valued at $1,024,000 after purchasing an additional 38 shares during 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.

See Also

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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