Sherwin-Williams (NYSE:SHW) Price Target Lowered to $415.00 at Royal Bank of Canada

Sherwin-Williams (NYSE:SHW) had its price target cut by Royal Bank of Canada from $438.00 to $415.00 in a research report report published on Monday,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

Several other analysts also recently issued reports on SHW. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Morgan Stanley cut their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Citigroup lowered their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Barclays increased their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.00.

Sherwin-Williams Price Performance

Sherwin-Williams stock opened at $357.90 on Monday. The firm has a market capitalization of $90.14 billion, a PE ratio of 33.92, a P/E/G ratio of 2.86 and a beta of 1.22. Sherwin-Williams has a 52 week low of $282.09 and a 52 week high of $400.42. The firm’s 50-day simple moving average is $359.64 and its 200 day simple moving average is $363.86. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results 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 period in the prior year, the firm earned $1.81 EPS. On average, equities research analysts predict that Sherwin-Williams will post 12.12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 value of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction on Monday, November 18th. The stock was 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 in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. 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 large investors have recently modified their holdings of SHW. Valued Wealth Advisors LLC raised its stake in shares of Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the third quarter worth $29,000. FSA Wealth Management LLC acquired a new stake in Sherwin-Williams during the 3rd quarter worth about $32,000. GHP Investment Advisors Inc. grew its stake in Sherwin-Williams by 47.5% during 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, Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter worth $36,000. 77.67% of the stock is owned by institutional investors and hedge funds.

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.