Sherwin-Williams (NYSE:SHW) Price Target Cut to $390.00 by Analysts at Mizuho

Sherwin-Williams (NYSE:SHW) had its price target dropped by investment analysts at Mizuho from $400.00 to $390.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price objective would suggest a potential upside of 18.97% from the stock’s previous close.

Several other equities analysts also recently issued reports on SHW. Evercore ISI upped their price objective on shares of Sherwin-Williams from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. boosted their price objective on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Thursday. Bank of America decreased their target price on Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $390.20.

Sherwin-Williams Price Performance

SHW opened at $327.81 on Thursday. The company has a market capitalization of $81.26 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 3.87 and a beta of 1.24. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. Sherwin-Williams has a 12-month low of $308.84 and a 12-month high of $379.65. The business’s fifty day simple moving average is $335.75 and its 200-day simple moving average is $345.45.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.15. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. Sherwin-Williams’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.37 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. On average, equities research analysts anticipate that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SHW. Vanguard Group Inc. increased its holdings in shares of Sherwin-Williams by 1.4% in the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock valued at $7,838,532,000 after purchasing an additional 309,153 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Sherwin-Williams by 21.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after buying an additional 1,505,341 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Sherwin-Williams by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after acquiring an additional 90,482 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Sherwin-Williams by 2.2% during the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock worth $1,539,652,000 after acquiring an additional 93,209 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Sherwin-Williams by 9.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock valued at $1,334,918,000 after acquiring an additional 351,453 shares during 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.