Sherwin-Williams (NYSE:SHW) PT Lowered to $400.00

Sherwin-Williams (NYSE:SHW) had its price objective trimmed by Evercore ISI from $410.00 to $400.00 in a report released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday. Morgan Stanley raised their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. KeyCorp reiterated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Finally, Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $390.71.

Sherwin-Williams Stock Performance

Shares of SHW opened at $362.72 on Wednesday. Sherwin-Williams has a 1 year low of $232.06 and a 1 year high of $392.57. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The stock’s fifty day moving average price is $371.81 and its two-hundred day moving average price is $334.64. The firm has a market cap of $91.50 billion, a PE ratio of 36.97, a PEG ratio of 3.04 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.20 earnings per share. On average, equities research analysts forecast that Sherwin-Williams will post 11.49 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.79%. Sherwin-Williams’s payout ratio is 29.15%.

Insiders Place Their Bets

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Sherwin-Williams

A number of large investors have recently added to or reduced their stakes in SHW. HHM Wealth Advisors LLC grew its stake in shares of Sherwin-Williams by 102.3% during the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. boosted its holdings in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 60 shares during the period. VitalStone Financial LLC boosted its holdings in Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 77 shares during the period. Anfield Capital Management LLC bought a new position in Sherwin-Williams during the 2nd quarter worth approximately $38,000. Finally, Meeder Asset Management Inc. purchased a new position in Sherwin-Williams in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

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.