Sherwin-Williams (NYSE:SHW) Hits New 12-Month High at $548.97

Sherwin-Williams Co (NYSE:SHW) reached a new 52-week high during trading on Thursday . The company traded as high as $548.97 and last traded at $540.01, with a volume of 12867 shares changing hands. The stock had previously closed at $527.40.

A number of research analysts have commented on SHW shares. Deutsche Bank upped their target price on shares of Sherwin-Williams from $490.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Zacks Investment Research upgraded Sherwin-Williams from a “sell” rating to a “hold” rating and set a $526.00 price target for the company in a research note on Thursday, July 25th. Morgan Stanley set a $600.00 price target on Sherwin-Williams and gave the stock a “buy” rating in a research note on Monday, August 12th. Barclays upped their price target on Sherwin-Williams from $470.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Sherwin-Williams from $435.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $525.40.

The firm has a fifty day simple moving average of $519.37 and a 200 day simple moving average of $464.42. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 2.29. The stock has a market cap of $48.25 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 2.05 and a beta of 1.26.



Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 EPS for the quarter, beating the consensus estimate of $6.35 by $0.22. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Sherwin-Williams had a return on equity of 48.92% and a net margin of 6.61%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.73 EPS. On average, equities analysts expect that Sherwin-Williams Co will post 21.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $1.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $4.52 annualized dividend and a yield of 0.84%. Sherwin-Williams’s dividend payout ratio (DPR) is 24.39%.

In other news, Director David F. Hodnik sold 501 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $521.57, for a total value of $261,306.57. Following the completion of the transaction, the director now directly owns 9,569 shares of the company’s stock, valued at approximately $4,990,903.33. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert F. Lynch sold 2,227 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $473.48, for a total value of $1,054,439.96. Following the completion of the transaction, the insider now directly owns 8,314 shares of the company’s stock, valued at $3,936,512.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,348 shares of company stock valued at $7,666,703. Insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Sherwin-Williams by 7.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 24,929 shares of the specialty chemicals company’s stock worth $11,425,000 after buying an additional 1,739 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Sherwin-Williams by 9.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 851 shares of the specialty chemicals company’s stock worth $390,000 after buying an additional 72 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Sherwin-Williams by 22.8% in the 2nd quarter. Toronto Dominion Bank now owns 66,294 shares of the specialty chemicals company’s stock worth $30,374,000 after buying an additional 12,329 shares in the last quarter. Atria Investments LLC raised its holdings in shares of Sherwin-Williams by 98.4% in the 2nd quarter. Atria Investments LLC now owns 2,553 shares of the specialty chemicals company’s stock worth $1,333,000 after buying an additional 1,266 shares in the last quarter. Finally, Nomura Holdings Inc. raised its holdings in shares of Sherwin-Williams by 406.8% in the 2nd quarter. Nomura Holdings Inc. now owns 16,106 shares of the specialty chemicals company’s stock worth $7,421,000 after buying an additional 12,928 shares in the last quarter. 76.76% of the stock is owned by institutional investors and hedge funds.

About Sherwin-Williams (NYSE:SHW)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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