Sherwin-Williams (NYSE:SHW) Price Target Increased to $310.00 by Analysts at Robert W. Baird

Sherwin-Williams (NYSE:SHW) had its target price upped by Robert W. Baird from $300.00 to $310.00 in a research report released on Wednesday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the specialty chemicals company’s stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $285.00 to $317.00 and gave the company an overweight rating in a report on Friday, January 26th. Barclays increased their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an equal weight rating in a report on Monday, January 29th. Seaport Res Ptn downgraded shares of Sherwin-Williams from a buy rating to a neutral rating in a report on Monday, January 8th. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $346.00 to $341.00 and set an outperform rating for the company in a report on Friday, January 26th. Finally, Evercore ISI decreased their price objective on shares of Sherwin-Williams from $385.00 to $380.00 and set an outperform rating for the company in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of Moderate Buy and an average price target of $333.39.

Sherwin-Williams Stock Up 0.5 %

Sherwin-Williams stock opened at $303.74 on Wednesday. Sherwin-Williams has a 1-year low of $221.76 and a 1-year high of $348.37. The firm has a market capitalization of $77.29 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.15. The firm’s fifty day moving average price is $328.26 and its two-hundred day moving average price is $298.77. 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 released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the business posted $2.04 earnings per share. On average, equities research analysts predict that Sherwin-Williams will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.94%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Activity at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,029,710.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the transaction, the insider now directly owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,050 shares of company stock valued at $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Sherwin-Williams

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First United Bank & Trust purchased a new position in Sherwin-Williams in the 4th quarter worth approximately $31,000. OFI Invest Asset Management bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $25,000. Tortoise Investment Management LLC lifted its holdings in shares of Sherwin-Williams by 158.5% in the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 65 shares during the last quarter. Union Savings Bank bought a new stake in shares of Sherwin-Williams in the 3rd quarter worth approximately $28,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $35,000. Hedge funds and other 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.