A number of other research firms have also recently weighed in on SHW. Royal Bank of Canada reissued a buy rating and issued a $485.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 25th. Edward Jones started coverage on Sherwin-Williams in a research report on Tuesday, September 4th. They issued a hold rating for the company. Zacks Investment Research cut Sherwin-Williams from a buy rating to a hold rating in a research report on Tuesday, July 31st. Credit Suisse Group lifted their price target on Sherwin-Williams from $457.00 to $500.00 and gave the stock an outperform rating in a research report on Wednesday, July 25th. Finally, Barclays lowered their price target on Sherwin-Williams from $450.00 to $425.00 and set an equal weight rating for the company in a research report on Friday. Ten analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $467.40.
Shares of Sherwin-Williams stock traded up $7.75 during trading on Monday, reaching $374.47. The company’s stock had a trading volume of 14,472 shares, compared to its average volume of 989,471. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.04 and a quick ratio of 0.66. The stock has a market capitalization of $34.68 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.50 and a beta of 1.24. Sherwin-Williams has a 1-year low of $355.28 and a 1-year high of $479.64.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.92%. Sherwin-Williams’s payout ratio is currently 24.11%.
In other Sherwin-Williams news, SVP Thomas P. Gilligan sold 5,080 shares of Sherwin-Williams stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $458.04, for a total transaction of $2,326,843.20. Following the completion of the transaction, the senior vice president now owns 7,043 shares in the company, valued at approximately $3,225,975.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jane M. Cronin sold 858 shares of Sherwin-Williams stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $443.16, for a total value of $380,231.28. Following the transaction, the senior vice president now owns 3,257 shares of the company’s stock, valued at approximately $1,443,372.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,462 shares of company stock valued at $2,941,402 in the last quarter. Company insiders own 0.78% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHW. LFA Lugano Financial Advisors SA purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $112,000. Fort L.P. purchased a new position in shares of Sherwin-Williams during the 2nd quarter valued at about $124,000. CWM LLC raised its stake in shares of Sherwin-Williams by 115.4% during the 3rd quarter. CWM LLC now owns 280 shares of the specialty chemicals company’s stock valued at $127,000 after buying an additional 150 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Sherwin-Williams by 168.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 325 shares of the specialty chemicals company’s stock valued at $142,000 after buying an additional 204 shares during the last quarter. Finally, Townsend & Associates Inc purchased a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $148,000. Institutional investors and hedge funds own 78.20% of the company’s stock.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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