Sherwin-Williams (NYSE:SHW) Upgraded by Citigroup to Strong-Buy Rating

Sherwin-Williams (NYSE:SHW) was upgraded by equities research analysts at Citigroup to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts also recently commented on SHW. Royal Bank Of Canada lowered their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Mizuho lowered their target price on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Weiss Ratings downgraded shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. UBS Group downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $385.00 to $330.00 in a research note on Tuesday. Finally, Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average target price of $365.67.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $300.24 on Wednesday. The company has a fifty day simple moving average of $318.45 and a two-hundred day simple moving average of $332.98. The company has a market cap of $74.05 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 2.56 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. Sherwin-Williams has a 52 week low of $289.86 and a 52 week high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.27 by $0.08. The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, equities analysts anticipate that Sherwin-Williams will post 11.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sherwin-Williams

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $1,089,450,000. Viking Global Investors LP raised its holdings in shares of Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock valued at $672,213,000 after buying an additional 985,520 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Sherwin-Williams by 53,827.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 662,225 shares of the specialty chemicals company’s stock valued at $214,581,000 after buying an additional 660,997 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after buying an additional 600,119 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Sherwin-Williams by 34.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,023,949 shares of the specialty chemicals company’s stock valued at $655,820,000 after buying an additional 513,126 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.