Loop Capital Trims Sherwin-Williams (NYSE:SHW) Target Price to $380.00

Sherwin-Williams (NYSE:SHW) had its price target decreased by Loop Capital from $395.00 to $380.00 in a report released on Wednesday, Benzinga reports. Loop Capital currently has a buy rating on the specialty chemicals company’s stock.

Several other research analysts also recently commented on the stock. UBS Group raised shares of Sherwin-Williams from a neutral rating to a buy rating and raised their price target for the company from $312.00 to $402.00 in a report on Thursday, March 7th. Robert W. Baird raised their price target on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a neutral rating in a report on Wednesday. Mizuho lowered their price objective on shares of Sherwin-Williams from $352.00 to $340.00 and set a buy rating on the stock in a research report on Friday, January 26th. Evercore ISI lowered their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an outperform rating on the stock in a research report on Tuesday, April 16th. Finally, Wolfe Research began coverage on shares of Sherwin-Williams in a research report on Friday, March 1st. They set a peer perform rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of Moderate Buy and a consensus target price of $333.39.

Sherwin-Williams Stock Up 0.5 %

SHW opened at $303.74 on Wednesday. The company has a 50 day moving average of $328.26 and a 200 day moving average of $298.77. The company has a market cap of $77.29 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.15. Sherwin-Williams has a 12 month low of $221.76 and a 12 month high of $348.37. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 2.32.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.05). Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the business earned $2.04 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts expect that Sherwin-Williams will post 11.46 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total transaction of $529,653.81. Following the sale, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 in the last quarter. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

A number of large investors have recently modified their holdings of the stock. First Hawaiian Bank boosted its stake in shares of Sherwin-Williams by 0.5% during the 4th quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after purchasing an additional 34 shares in the last quarter. Tsfg LLC boosted its stake 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 acquiring an additional 34 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Sherwin-Williams by 5.5% during the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 35 shares in the last quarter. Tealwood Asset Management Inc. boosted its stake in Sherwin-Williams by 0.7% during the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock worth $1,706,000 after acquiring an additional 35 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its stake in Sherwin-Williams by 0.9% during the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.