Sherwin-Williams Co (SHW) Given Average Recommendation of “Hold” by Brokerages

Shares of Sherwin-Williams Co (NYSE:SHW) have received a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $405.51.

A number of research firms have recently weighed in on SHW. Royal Bank of Canada restated a “buy” rating and set a $455.00 target price on shares of Sherwin-Williams in a research report on Thursday. Moffett Nathanson began coverage on Sherwin-Williams in a research report on Monday, December 4th. They set a “buy” rating for the company. Citigroup boosted their target price on Sherwin-Williams from $405.00 to $442.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Robert W. Baird restated a “buy” rating and set a $425.00 target price on shares of Sherwin-Williams in a research report on Friday, November 10th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $400.00 target price (up previously from $360.00) on shares of Sherwin-Williams in a research report on Wednesday, October 25th.

In other Sherwin-Williams news, insider Robert J. Davisson sold 8,800 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the completion of the sale, the insider now directly owns 14,812 shares in the company, valued at $5,777,716.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert J. Wells sold 2,946 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the sale, the senior vice president now owns 18,363 shares of the company’s stock, valued at $7,512,486.93. The disclosure for this sale can be found here. Insiders sold 15,122 shares of company stock valued at $5,969,846 in the last quarter. 1.69% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. AXA increased its holdings in shares of Sherwin-Williams by 0.9% in the third quarter. AXA now owns 75,313 shares of the specialty chemicals company’s stock worth $26,965,000 after acquiring an additional 700 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Sherwin-Williams by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 58,466 shares of the specialty chemicals company’s stock worth $20,933,000 after acquiring an additional 459 shares in the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Sherwin-Williams by 3.0% in the third quarter. Crestwood Advisors Group LLC now owns 32,337 shares of the specialty chemicals company’s stock worth $11,578,000 after acquiring an additional 957 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its holdings in shares of Sherwin-Williams by 24.3% in the third quarter. Smith Shellnut Wilson LLC ADV now owns 1,212 shares of the specialty chemicals company’s stock worth $434,000 after acquiring an additional 237 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in shares of Sherwin-Williams in the third quarter worth about $380,000. Institutional investors own 75.98% of the company’s stock.

Sherwin-Williams (NYSE:SHW) traded down $5.22 during mid-day trading on Friday, hitting $400.23. The stock had a trading volume of 445,400 shares, compared to its average volume of 625,941. The company has a market capitalization of $37,915.22, a P/E ratio of 29.21, a P/E/G ratio of 2.26 and a beta of 1.22. Sherwin-Williams has a 12 month low of $265.14 and a 12 month high of $413.98. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The firm’s quarterly revenue was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.23 earnings per share. analysts predict that Sherwin-Williams will post 15.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were issued a $0.85 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a yield of 0.85%. Sherwin-Williams’s dividend payout ratio is presently 29.90%.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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