Analysts Set The Sherwin-Williams Company (NYSE:SHW) Target Price at $391.31

The Sherwin-Williams Company (NYSE:SHW) has received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $391.31.

SHW has been the subject of several research analyst reports. UBS Group lowered their price objective on Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Royal Bank Of Canada lifted their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Bank of America lifted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the stock an “underperform” rating in a research report on Monday, June 23rd. Citigroup lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their target price for the company from $405.00 to $385.00 in a research report on Friday, June 13th. Finally, Morgan Stanley decreased their target price on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd.

Hedge Funds Weigh In On Sherwin-Williams

A number of hedge funds have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC bought a new position in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Perkins Coie Trust Co purchased a new stake in Sherwin-Williams during the first quarter valued at approximately $27,000. Lee Danner & Bass Inc. purchased a new stake in Sherwin-Williams during the fourth quarter valued at approximately $28,000. Synergy Investment Management LLC lifted its position in Sherwin-Williams by 583.3% during the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 70 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in Sherwin-Williams during the first quarter valued at approximately $30,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Trading Down 0.7%

NYSE SHW opened at $350.16 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90. Sherwin-Williams has a twelve month low of $296.40 and a twelve month high of $400.42. The company has a market cap of $87.75 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 3.18 and a beta of 1.18. The business’s fifty day moving average is $351.21 and its 200 day moving average is $347.90.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.02. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. Sherwin-Williams’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $2.17 EPS. As a group, sell-side analysts expect that Sherwin-Williams will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $0.79 per share. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.90%. Sherwin-Williams’s payout ratio is 29.87%.

About Sherwin-Williams

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.