Sherwin-Williams (NYSE:SHW) PT Raised to $390.00

Sherwin-Williams (NYSE:SHW) had its price objective boosted by stock analysts at Evercore ISI from $370.00 to $390.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Evercore ISI’s price target would suggest a potential upside of 12.41% from the stock’s current price.

Several other equities analysts have also recently weighed in on SHW. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a research report on Tuesday, February 27th. Robert W. Baird reissued a “neutral” rating and issued a $300.00 price target (up from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Mizuho cut their price objective on shares of Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Barclays upped their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, Seaport Res Ptn downgraded shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $320.39.

Sherwin-Williams Stock Up 1.4 %

Shares of NYSE SHW opened at $346.95 on Tuesday. The business’s fifty day moving average price is $321.19 and its 200-day moving average price is $289.39. Sherwin-Williams has a one year low of $210.92 and a one year high of $347.71. The stock has a market capitalization of $88.28 billion, a PE ratio of 37.51, a P/E/G ratio of 2.53 and a beta of 1.15. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Sherwin-Williams will post 11.44 EPS for the current year.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Justin T. Binns sold 1,563 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 over the last ninety days. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

A number of large investors have recently added to or reduced their stakes in SHW. OFI Invest Asset Management bought a new stake in shares of Sherwin-Williams in the third quarter worth about $25,000. Aspect Partners LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $25,000. Union Savings Bank purchased a new position in shares of Sherwin-Williams during the third quarter valued at approximately $28,000. Providence Capital Advisors LLC raised its holdings in shares of Sherwin-Williams by 44,853.3% during the first quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 6,728 shares in the last quarter. Finally, First United Bank & Trust purchased a new stake in Sherwin-Williams in the fourth quarter worth $31,000. Institutional investors own 77.67% of the company’s stock.

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.