The Sherwin-Williams Company (NYSE:SHW) Receives $400.65 Average Price Target from Analysts

Shares of The Sherwin-Williams Company (NYSE:SHW) have been assigned an average rating of “Moderate Buy” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twelve have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $400.00.

SHW has been the subject of a number of analyst reports. Barclays upped their target price on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their price target for the company from $321.00 to $420.00 in a research report on Friday, January 24th. Mizuho cut their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on 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 in the company, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’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 completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sherwin-Williams

Several institutional investors have recently made changes to their positions in the business. Czech National Bank increased its holdings in Sherwin-Williams by 6.4% during the 3rd quarter. Czech National Bank now owns 47,276 shares of the specialty chemicals company’s stock worth $18,044,000 after purchasing an additional 2,825 shares during the period. Quent Capital LLC lifted its position in Sherwin-Williams by 53.8% during the third quarter. Quent Capital LLC now owns 726 shares of the specialty chemicals company’s stock valued at $277,000 after purchasing an additional 254 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company’s stock valued at $37,449,000 after purchasing an additional 4,074 shares in the last quarter. GAMMA Investing LLC boosted its position in Sherwin-Williams by 20.1% during the third quarter. GAMMA Investing LLC now owns 3,327 shares of the specialty chemicals company’s stock worth $1,270,000 after purchasing an additional 557 shares in the last quarter. Finally, Davis Investment Partners LLC acquired a new stake in shares of Sherwin-Williams in the third quarter worth approximately $227,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock opened at $364.41 on Monday. The stock’s fifty day moving average is $358.05 and its 200 day moving average is $364.34. Sherwin-Williams has a one year low of $282.09 and a one year high of $400.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock has a market cap of $91.78 billion, a P/E ratio of 34.54, a P/E/G ratio of 2.86 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same quarter in the previous year, the company earned $1.81 EPS. Sell-side analysts anticipate that Sherwin-Williams will post 12.12 earnings per share for the current year.

About Sherwin-Williams

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.