Wells Fargo & Company Increases Sherwin-Williams (NYSE:SHW) Price Target to $400.00

Sherwin-Williams (NYSE:SHW) had its target price hoisted by investment analysts at Wells Fargo & Company from $350.00 to $400.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 2.72% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $418.00 price objective on shares of Sherwin-Williams in a research report on Friday, August 30th. Barclays upped their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research note on Monday, October 7th. UBS Group lifted their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI upped their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.17.

Sherwin-Williams Trading Up 0.2 %

NYSE SHW opened at $389.42 on Tuesday. The company has a 50-day moving average of $368.80 and a 200-day moving average of $333.14. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. Sherwin-Williams has a 12 month low of $232.06 and a 12 month high of $392.57. The company has a market cap of $98.74 billion, a P/E ratio of 41.52, a P/E/G ratio of 2.95 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter last year, the firm posted $3.29 earnings per share. Sherwin-Williams’s revenue was up .5% on a year-over-year basis. As a group, equities analysts predict that Sherwin-Williams will post 11.5 earnings per share for the current year.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Sherwin-Williams

Several institutional investors and hedge funds have recently bought and sold shares of SHW. HHM Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 102.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. grew its stake in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares in the last quarter. VitalStone Financial LLC increased its position in Sherwin-Williams by 233.3% in the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the last quarter. Anfield Capital Management LLC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth about $38,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth about $41,000. 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.