The Sherwin-Williams Company (NYSE:SHW) Given Consensus Recommendation of “Moderate Buy” by Analysts

The Sherwin-Williams Company (NYSE:SHW) has earned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $386.2941.

Several equities research analysts have recently weighed in on the company. Berenberg Bank set a $380.00 price target on Sherwin-Williams in a research note on Monday, June 8th. JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating and issued a $390.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Guggenheim initiated coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They issued a “buy” rating and a $400.00 price objective on the stock.

Insider Activity

In other Sherwin-Williams news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider owned 21,937 shares of the company’s stock, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the sale, the insider owned 11,944 shares of the company’s stock, valued at approximately $4,398,975.20. The trade was a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SHW. California State Teachers Retirement System raised its stake in Sherwin-Williams by 33,736.2% in the 2nd quarter. California State Teachers Retirement System now owns 133,250,118 shares of the specialty chemicals company’s stock valued at $45,880,681,000 after acquiring an additional 132,856,309 shares during the period. BlackRock Inc. bought a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $6,100,083,000. State Street Corp raised its position in shares of Sherwin-Williams by 2.4% in the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock valued at $5,067,497,000 after purchasing an additional 364,832 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sherwin-Williams by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after buying an additional 37,145 shares in the last quarter. Finally, Norges Bank bought a new position in Sherwin-Williams in the 4th quarter worth approximately $1,089,450,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Price Performance

Shares of SHW stock opened at $338.66 on Tuesday. The business has a fifty day simple moving average of $343.33 and a 200 day simple moving average of $331.93. The company has a market cap of $82.21 billion, a P/E ratio of 31.21, a P/E/G ratio of 2.57 and a beta of 1.10. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. Sherwin-Williams has a twelve month low of $289.86 and a twelve month high of $377.77.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the previous year, the firm posted $3.38 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, sell-side analysts forecast that Sherwin-Williams will post 12.08 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.80 dividend. The ex-dividend date is Friday, August 21st. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is presently 29.49%.

About Sherwin-Williams

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.