Sherwin-Williams (NYSE:SHW) Price Target Cut to $408.00 by Analysts at Mizuho

Sherwin-Williams (NYSE:SHW) had its price objective dropped by Mizuho from $435.00 to $408.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s target price suggests a potential upside of 20.96% from the stock’s previous close.

A number of other brokerages have also issued reports on SHW. UBS Group reiterated an “underperform” rating on shares of Sherwin-Williams in a report on Friday, October 18th. Royal Bank of Canada cut their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Robert W. Baird raised their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays lifted their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $402.25.

Sherwin-Williams Price Performance

NYSE:SHW opened at $337.31 on Tuesday. The firm has a market capitalization of $84.95 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.94 and a beta of 1.22. The business has a 50 day simple moving average of $368.31 and a 200-day simple moving average of $357.60. Sherwin-Williams has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

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 the consensus estimate 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 return on equity of 74.45% and a net margin of 11.09%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $3.20 EPS. Equities analysts forecast that Sherwin-Williams will post 11.32 EPS for the current year.

Insider Transactions at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total transaction of $971,185.95. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now directly owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fulton Bank N.A. lifted its holdings in shares of Sherwin-Williams by 7.0% in the 4th quarter. Fulton Bank N.A. now owns 9,776 shares of the specialty chemicals company’s stock worth $3,323,000 after acquiring an additional 643 shares during the last quarter. Park National Corp OH grew its holdings in Sherwin-Williams by 15.9% during the 4th quarter. Park National Corp OH now owns 6,797 shares of the specialty chemicals company’s stock worth $2,311,000 after acquiring an additional 932 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of Sherwin-Williams by 2.5% during the fourth quarter. CWA Asset Management Group LLC now owns 5,033 shares of the specialty chemicals company’s stock worth $1,711,000 after purchasing an additional 125 shares in the last quarter. Pensionfund Sabic increased its holdings in shares of Sherwin-Williams by 37.5% in the 4th quarter. Pensionfund Sabic now owns 5,500 shares of the specialty chemicals company’s stock valued at $1,870,000 after acquiring an additional 1,500 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Sherwin-Williams by 17.6% in the fourth quarter. GAMMA Investing LLC now owns 3,913 shares of the specialty chemicals company’s stock valued at $1,330,000 after purchasing an additional 586 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

About Sherwin-Williams

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.