Brokerages Set The Sherwin-Williams Company (NYSE:SHW) PT at $383.33

Shares of The Sherwin-Williams Company (NYSE:SHW) have received an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $383.33.

SHW has been the topic of a number of research reports. BMO Capital Markets decreased their price target on Sherwin-Williams from $405.00 to $391.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada upped their price target on Sherwin-Williams from $410.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Mizuho decreased their price target on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Citigroup decreased their price target on Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Finally, Morgan Stanley decreased their price target on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd.

Hedge Funds Weigh In On Sherwin-Williams

Large investors have recently bought and sold shares of the stock. Perkins Coie Trust Co acquired a new position in Sherwin-Williams in the first quarter valued at $27,000. Park Square Financial Group LLC acquired a new position in Sherwin-Williams in the fourth quarter valued at $27,000. Synergy Investment Management LLC boosted its stake in Sherwin-Williams by 583.3% in 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 in the last quarter. Valley National Advisers Inc. boosted its stake in Sherwin-Williams by 68.0% in the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 34 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Sherwin-Williams in the first quarter valued at $30,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.4%

SHW stock opened at $332.26 on Monday. The firm has a market cap of $82.84 billion, a PE ratio of 32.96, a PEG ratio of 3.19 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The firm’s 50 day moving average price is $346.77 and its 200-day moving average price is $348.11. Sherwin-Williams has a one year low of $308.84 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The firm had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.31 billion. During the same period in the previous year, the firm posted $3.70 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that Sherwin-Williams will post 12 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.95%. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

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.