Berenberg Bank Upgrades Sherwin-Williams (NYSE:SHW) to “Buy”

Sherwin-Williams (NYSE:SHW) was upgraded by analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a report issued on Friday, MarketBeat reports. The brokerage currently has a $420.00 price target on the specialty chemicals company’s stock, up from their prior price target of $321.00. Berenberg Bank’s price objective points to a potential upside of 16.65% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company increased their target price on Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Evercore ISI raised their target price on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $403.29.

Sherwin-Williams Trading Down 0.3 %

NYSE:SHW opened at $360.06 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The company’s 50 day moving average is $361.22 and its 200-day moving average is $361.55. The firm has a market cap of $90.68 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 2.78 and a beta of 1.22. Sherwin-Williams has a 12 month low of $282.09 and a 12 month high of $400.42.

Insider Transactions at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sherwin-Williams

A number of large investors have recently bought and sold shares of SHW. Valued Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 88.9% during the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services acquired a new position in Sherwin-Williams during the 3rd quarter worth about $29,000. FSA Wealth Management LLC bought a new stake in Sherwin-Williams during the 3rd quarter worth about $32,000. GHP Investment Advisors Inc. increased its position in Sherwin-Williams by 47.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Sherwin-Williams in the third quarter worth about $38,000. 77.67% of the stock is currently owned by institutional investors.

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.