Sherwin-Williams (NYSE:SHW) had its target price boosted by BMO Capital Markets from $441.00 to $473.00 in a report issued on Wednesday, The Fly reports. They currently have a market perform rating on the specialty chemicals company’s stock.

Other equities research analysts also recently issued reports about the company. Credit Suisse Group set a $467.00 price objective on Sherwin-Williams and gave the stock a buy rating in a report on Wednesday, January 16th. Deutsche Bank reduced their price objective on Sherwin-Williams from $465.00 to $445.00 and set a buy rating for the company in a report on Wednesday, January 16th. Citigroup upgraded Sherwin-Williams from a neutral rating to a buy rating in a report on Friday, January 4th. Zacks Investment Research downgraded Sherwin-Williams from a strong-buy rating to a hold rating in a report on Thursday, January 17th. Finally, Barclays reiterated a hold rating and issued a $410.00 price objective on shares of Sherwin-Williams in a report on Thursday, January 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $477.81.

NYSE SHW opened at $456.20 on Wednesday. Sherwin-Williams has a one year low of $355.28 and a one year high of $479.64. The stock has a market capitalization of $42.67 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26. The company has a quick ratio of 0.59, a current ratio of 0.96 and a debt-to-equity ratio of 2.51.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $3.60 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.03). Sherwin-Williams had a return on equity of 47.07% and a net margin of 6.27%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the business posted $3.57 earnings per share. Sherwin-Williams’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Sherwin-Williams will post 20.98 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $1.13 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 0.99%. Sherwin-Williams’s dividend payout ratio is currently 24.39%.

In related news, SVP Jane M. Cronin sold 1,344 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $441.24, for a total transaction of $593,026.56. Following the completion of the transaction, the senior vice president now directly owns 4,078 shares in the company, valued at approximately $1,799,376.72. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joel D. Baxter sold 7,621 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $439.15, for a total value of $3,346,762.15. Following the transaction, the insider now owns 10,308 shares of the company’s stock, valued at $4,526,758.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,839 shares of company stock valued at $5,186,817. Corporate insiders own 0.50% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Investors Research Corp purchased a new position in Sherwin-Williams in the 1st quarter worth approximately $25,000. Berman Capital Advisors LLC purchased a new position in Sherwin-Williams in the 4th quarter worth approximately $28,000. Karp Capital Management Corp purchased a new position in Sherwin-Williams in the 4th quarter worth approximately $33,000. CMH Wealth Management LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $35,000. Finally, JNBA Financial Advisors purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $35,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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