The Sherwin-Williams Company (NYSE:SHW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Sherwin-Williams Company (NYSE:SHW) have earned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $343.41.

SHW has been the topic of several recent analyst reports. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Wolfe Research initiated coverage on shares of Sherwin-Williams in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Citigroup reduced their price objective on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Northcoast Research raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective on the stock in a research note on Tuesday, February 27th. Finally, Loop Capital reduced their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th.

Sherwin-Williams Stock Down 0.0 %

Shares of NYSE SHW opened at $301.26 on Friday. Sherwin-Williams has a 12-month low of $232.06 and a 12-month high of $348.37. The company has a market capitalization of $76.38 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.42 and a beta of 1.17. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The firm’s 50-day moving average is $306.29 and its two-hundred day moving average is $313.20.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (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 business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the company earned $2.04 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts anticipate that Sherwin-Williams will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a $0.715 dividend. This represents a $2.86 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s payout ratio is currently 30.49%.

Institutional Investors Weigh In On Sherwin-Williams

A number of large investors have recently added to or reduced their stakes in the company. SRN Advisors LLC grew its holdings in Sherwin-Williams by 4.8% during the 1st quarter. SRN Advisors LLC now owns 3,208 shares of the specialty chemicals company’s stock valued at $1,114,000 after purchasing an additional 146 shares in the last quarter. American Trust grew its holdings in Sherwin-Williams by 23.9% during the 1st quarter. American Trust now owns 8,866 shares of the specialty chemicals company’s stock valued at $3,079,000 after purchasing an additional 1,709 shares in the last quarter. Clear Rock Advisors LLC grew its holdings in Sherwin-Williams by 1.5% during the 1st quarter. Clear Rock Advisors LLC now owns 8,978 shares of the specialty chemicals company’s stock valued at $3,118,000 after purchasing an additional 131 shares in the last quarter. SG Capital Management LLC acquired a new stake in Sherwin-Williams during the 1st quarter valued at $7,782,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Sherwin-Williams by 18.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 134,499 shares of the specialty chemicals company’s stock valued at $46,404,000 after purchasing an additional 21,055 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

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.