Sherwin-Williams (NYSE:SHW) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of Sherwin-Williams (NYSE:SHWFree Report) from a buy rating to a hold rating in a report issued on Sunday.

Several other analysts have also recently weighed in on SHW. Royal Bank of Canada dropped their price target on shares of Sherwin-Williams from $346.00 to $341.00 and set an outperform rating for the company in a research note on Friday, January 26th. The Goldman Sachs Group raised their target price on Sherwin-Williams from $295.00 to $335.00 and gave the company a buy rating in a report on Thursday, December 14th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $285.00 to $317.00 and gave the stock an overweight rating in a research note on Friday, January 26th. Barclays raised their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an equal weight rating in a research note on Monday, January 29th. Finally, Mizuho cut their target price on shares of Sherwin-Williams from $352.00 to $340.00 and set a buy rating on the stock in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of Hold and an average target price of $311.22.

Get Our Latest Report on SHW

Sherwin-Williams Trading Down 0.1 %

Shares of SHW opened at $311.74 on Friday. The firm’s fifty day moving average is $303.19 and its two-hundred day moving average is $276.57. The stock has a market cap of $79.80 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.14. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. Sherwin-Williams has a 52-week low of $205.43 and a 52-week high of $314.14.

Sherwin-Williams (NYSE:SHWGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.01. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. Sherwin-Williams’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 EPS. Research analysts forecast that Sherwin-Williams will post 11.39 earnings per share for the current fiscal year.

Insider Transactions at Sherwin-Williams

In related news, COO Heidi G. Petz sold 6,699 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $290.24, for a total value of $1,944,317.76. Following the completion of the transaction, the chief operating officer now directly owns 14,718 shares of the company’s stock, valued at $4,271,752.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Heidi G. Petz sold 6,699 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $290.24, for a total value of $1,944,317.76. Following the completion of the sale, the chief operating officer now directly owns 14,718 shares of the company’s stock, valued at $4,271,752.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Mary L. Garceau sold 923 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $292.65, for a total value of $270,115.95. Following the transaction, the senior vice president now directly owns 21,363 shares in the company, valued at approximately $6,251,881.95. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

Several large investors have recently modified their holdings of the company. Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter valued at $1,176,356,000. FMR LLC grew its holdings in shares of Sherwin-Williams by 65.4% during the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after buying an additional 2,146,102 shares during the last quarter. Morgan Stanley increased its position in Sherwin-Williams by 50.9% in the 4th quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock valued at $1,229,386,000 after acquiring an additional 1,747,586 shares during the period. Alphinity Investment Management Pty Ltd purchased a new stake in Sherwin-Williams during the 4th quarter valued at approximately $432,737,000. Finally, Holocene Advisors LP lifted its position in Sherwin-Williams by 154.8% during the 2nd quarter. Holocene Advisors LP now owns 1,414,318 shares of the specialty chemicals company’s stock worth $375,530,000 after acquiring an additional 859,301 shares during the period. 75.87% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Company Profile

(Get Free Report)

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through 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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Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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