Sherwin-Williams (NYSE:SHW) Sets New 52-Week High at $383.00

The Sherwin-Williams Company (NYSE:SHW) reached a new 52-week high on Tuesday . The company traded as high as $383.00 and last traded at $382.06, with a volume of 419953 shares traded. The stock had previously closed at $381.87.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SHW shares. Barclays boosted their price objective on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company boosted their price objective on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Morgan Stanley upped their price target on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Price Performance

The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The stock has a market cap of $96.92 billion, a PE ratio of 40.71, a P/E/G ratio of 2.98 and a beta of 1.17. The company has a fifty day moving average of $355.09 and a 200-day moving average of $328.48.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $3.29 EPS. Sell-side analysts expect that The Sherwin-Williams Company will post 11.47 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sherwin-Williams

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Conning Inc. raised its position in shares of Sherwin-Williams by 1.9% during the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock worth $479,000 after acquiring an additional 30 shares in the last quarter. Oxbow Advisors LLC raised its position in shares of Sherwin-Williams by 4.5% during the 2nd quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after acquiring an additional 30 shares in the last quarter. Global X Japan Co. Ltd. raised its position in shares of Sherwin-Williams by 2.2% during the 2nd quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock worth $419,000 after acquiring an additional 30 shares in the last quarter. Optas LLC raised its position in shares of Sherwin-Williams by 1.3% during the 2nd quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock worth $723,000 after acquiring an additional 32 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in Sherwin-Williams by 2.9% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds 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.