Brokerages Set The Sherwin-Williams Company (NYSE:SHW) Price Target at $403.31

The Sherwin-Williams Company (NYSE:SHW) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $403.31.

SHW has been the topic of several recent analyst reports. Robert W. Baird set a $370.00 target price on Sherwin-Williams in a report on Friday, January 31st. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price objective for the company from $321.00 to $420.00 in a report on Friday, January 24th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. Evercore ISI lifted their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the transaction, the insider now directly owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Valued Wealth Advisors LLC lifted its stake in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 32 shares during the last quarter. First Personal Financial Services acquired a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $29,000. Midwest Capital Advisors LLC bought a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Finally, Lee Danner & Bass Inc. bought a new stake in Sherwin-Williams in the 4th quarter valued at $28,000. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $360.13 on Friday. The stock has a 50-day moving average of $352.28 and a 200-day moving average of $365.80. Sherwin-Williams has a one year low of $282.09 and a one year high of $400.42. The stock has a market cap of $90.58 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.22. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the firm earned $1.81 EPS. As a group, sell-side analysts expect that Sherwin-Williams will post 12 earnings per share for the current year.

Sherwin-Williams Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.88%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, March 3rd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 29.95%.

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.