Sherwin-Williams Co (SHW) Receives Average Rating of “Hold” from Analysts
Shares of Sherwin-Williams Co (NYSE:SHW) have earned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $399.26.
Several research analysts recently weighed in on SHW shares. Robert W. Baird reiterated a “buy” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research report on Friday, September 29th. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 price objective for the company in a research report on Wednesday, September 20th. Royal Bank Of Canada reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, September 20th. KeyCorp reiterated a “buy” rating and issued a $415.00 price objective on shares of Sherwin-Williams in a research report on Sunday, September 3rd. Finally, Bank of America Corporation upgraded Sherwin-Williams from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $325.00 to $435.00 in a research report on Thursday, October 5th.
Shares of Sherwin-Williams (SHW) traded up $3.47 during trading on Monday, reaching $394.03. The company had a trading volume of 148,204 shares, compared to its average volume of 355,079. The stock has a market capitalization of $36,522.79, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.18 and a beta of 1.22. Sherwin-Williams has a 52 week low of $261.65 and a 52 week high of $398.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.05. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.23 earnings per share. equities research analysts predict that Sherwin-Williams will post 15.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 29.90%.
In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the transaction, the insider now directly owns 3,302 shares in the company, valued at $1,285,336.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.69% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in shares of Sherwin-Williams in the second quarter valued at $100,000. Peddock Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams in the second quarter valued at $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Sherwin-Williams by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after acquiring an additional 29 shares in the last quarter. Spectrum Management Group Inc. acquired a new stake in shares of Sherwin-Williams in the third quarter valued at $162,000. Finally, Parallel Advisors LLC raised its stake in shares of Sherwin-Williams by 13.4% in the second quarter. Parallel Advisors LLC now owns 490 shares of the specialty chemicals company’s stock valued at $165,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 73.56% of the company’s stock.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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