Sherwin-Williams (NYSE:SHW) Price Target Cut to $380.00

Sherwin-Williams (NYSE:SHW) had its target price lowered by equities researchers at Evercore ISI from $385.00 to $380.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Evercore ISI’s price objective points to a potential upside of 22.52% from the company’s previous close.

A number of other brokerages have also weighed in on SHW. Robert W. Baird reaffirmed a “neutral” rating and issued a $300.00 price objective (up previously from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Royal Bank of Canada cut their price objective on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Wells Fargo & Company boosted their target price on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Citigroup increased their price target on shares of Sherwin-Williams from $360.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Barclays boosted their price objective 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. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $325.94.

Sherwin-Williams Stock Up 0.6 %

Sherwin-Williams stock opened at $310.16 on Tuesday. The stock has a market capitalization of $78.92 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 2.49 and a beta of 1.15. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. The stock has a 50 day moving average of $328.69 and a two-hundred day moving average of $296.92. Sherwin-Williams has a twelve month low of $221.76 and a twelve month high of $348.37.

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

Insider Activity at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the sale, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Sherwin-Williams news, insider Karl J. Jorgenrud sold 2,690 shares of Sherwin-Williams stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.50, for a total value of $867,525.00. Following the completion of the sale, the insider now owns 12,941 shares in the company, valued at approximately $4,173,472.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Todd D. Rea sold 2,449 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sherwin-Williams

A number of institutional investors have recently bought and sold shares of SHW. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Sherwin-Williams by 16.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after purchasing an additional 6,639 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Sherwin-Williams during the fourth quarter valued at approximately $38,444,000. Machina Capital S.A.S. grew its stake in Sherwin-Williams by 149.0% during the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after buying an additional 5,801 shares during the period. Pearl River Capital LLC purchased a new stake in Sherwin-Williams during the third quarter worth approximately $4,517,000. Finally, Simplicity Solutions LLC increased its position in shares of Sherwin-Williams by 182.2% in the fourth quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock worth $3,337,000 after acquiring an additional 6,909 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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.