Mizuho Cuts Sherwin-Williams (NYSE:SHW) Price Target to $408.00

Sherwin-Williams (NYSE:SHW) had its price target trimmed by Mizuho from $435.00 to $408.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

SHW has been the subject of a number of other research reports. BMO Capital Markets lifted their price target on Sherwin-Williams from $400.00 to $425.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company increased their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $402.25.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $337.31 on Tuesday. The company has a market cap of $84.95 billion, a PE ratio of 33.60, a P/E/G ratio of 2.94 and a beta of 1.22. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The business has a 50-day simple moving average of $367.88 and a two-hundred day simple moving average of $357.46. Sherwin-Williams has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the business earned $3.20 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts expect that Sherwin-Williams will post 11.32 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were given a dividend of $0.715 per share. The ex-dividend date was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.85%. Sherwin-Williams’s dividend payout ratio is currently 28.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction 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 of the company’s stock, valued at $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,396,349.27. This 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 corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SHW. FMR LLC lifted its position in shares of Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company’s stock valued at $2,474,238,000 after acquiring an additional 999,164 shares in the last quarter. International Assets Investment Management LLC raised its stake in Sherwin-Williams by 40,317.4% in the 3rd quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company’s stock valued at $277,361,000 after purchasing an additional 724,907 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock valued at $422,654,000 after purchasing an additional 496,326 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Sherwin-Williams by 1,717.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company’s stock worth $124,769,000 after purchasing an additional 308,921 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Sherwin-Williams by 192.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company’s stock worth $116,322,000 after buying an additional 258,511 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other 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.