Sherwin-Williams (NYSE:SHW) PT Raised to $410.00 at KeyCorp

Sherwin-Williams (NYSE:SHW) had its target price boosted by KeyCorp from $400.00 to $410.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the specialty chemicals company’s stock.

Several other research firms also recently commented on SHW. StockNews.com downgraded shares of Sherwin-Williams from a buy rating to a hold rating in a report on Thursday, April 25th. Robert W. Baird upped their price objective on shares of Sherwin-Williams from $300.00 to $310.00 and gave the company a neutral rating in a report on Wednesday, April 24th. BMO Capital Markets decreased their price objective on shares of Sherwin-Williams from $377.00 to $360.00 and set an outperform rating on the stock in a report on Wednesday, June 12th. JPMorgan Chase & Co. decreased their price objective on shares of Sherwin-Williams from $317.00 to $315.00 and set an overweight rating on the stock in a report on Wednesday, April 24th. Finally, Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $380.00 to $370.00 and set an outperform rating on the stock in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $355.00.

Sherwin-Williams Stock Performance

NYSE SHW opened at $349.22 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.46 and a debt-to-equity ratio of 2.17. The firm’s fifty day moving average price is $307.26 and its two-hundred day moving average price is $314.74. Sherwin-Williams has a 1 year low of $232.06 and a 1 year high of $351.99. The firm has a market capitalization of $88.09 billion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 2.70 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the firm posted $3.29 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, research analysts anticipate that Sherwin-Williams will post 11.44 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 annualized dividend and a yield of 0.82%. Sherwin-Williams’s dividend payout ratio is 30.49%.

Institutional Investors Weigh In On Sherwin-Williams

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Sherwin-Williams by 0.9% during the first quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after purchasing an additional 184,979 shares during the period. Capital World Investors lifted its holdings in shares of Sherwin-Williams by 38.9% in the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after acquiring an additional 1,075,351 shares during the last quarter. Norges Bank bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $1,176,356,000. Clearbridge Investments LLC lifted its holdings in shares of Sherwin-Williams by 4.4% in the fourth quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock worth $866,862,000 after acquiring an additional 116,647 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Sherwin-Williams by 2.3% in the fourth quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock worth $791,008,000 after acquiring an additional 56,161 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

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.