Sherwin-Williams (NYSE:SHW) had its target price boosted by investment analysts at Royal Bank of Canada to $485.00 in a research report issued on Monday, The Fly reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 14.47% from the company’s previous close.
Several other research analysts also recently issued reports on the company. KeyCorp reaffirmed an “overweight” rating and set a $500.00 price objective (up previously from $465.00) on shares of Sherwin-Williams in a report on Monday. They noted that the move was a valuation call. Barclays reaffirmed a “hold” rating on shares of Sherwin-Williams in a report on Sunday. Bank of America upped their price objective on Sherwin-Williams from $435.00 to $470.00 and gave the stock a “buy” rating in a report on Friday. Citigroup upped their price objective on Sherwin-Williams to $486.00 and gave the stock a “buy” rating in a report on Friday. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $473.00 price objective on shares of Sherwin-Williams in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $433.74.
Shares of Sherwin-Williams (NYSE SHW) opened at $423.68 on Monday. The company has a market capitalization of $39,619.98, a P/E ratio of 22.77, a P/E/G ratio of 1.97 and a beta of 1.22. Sherwin-Williams has a 12-month low of $300.17 and a 12-month high of $435.15. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 2.68.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The firm’s revenue was up 43.0% on a year-over-year basis. During the same quarter last year, the company earned $2.15 earnings per share. analysts anticipate that Sherwin-Williams will post 18.52 earnings per share for the current year.
In related news, insider Robert J. Davisson sold 8,800 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the sale, the insider now owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert J. Davisson sold 1,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $407.11, for a total value of $407,110.00. The disclosure for this sale can be found here. In the last three months, insiders sold 15,122 shares of company stock worth $5,969,846. 1.69% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of SHW. Janus Henderson Group PLC raised its stake in Sherwin-Williams by 10,157.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock worth $366,368,000 after buying an additional 1,033,725 shares during the period. Principal Financial Group Inc. raised its stake in Sherwin-Williams by 30.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock worth $378,558,000 after buying an additional 247,553 shares during the period. Atlantic Trust Group LLC acquired a new stake in Sherwin-Williams during the 3rd quarter worth $87,798,000. Koch Industries Inc. bought a new position in Sherwin-Williams during the 2nd quarter worth about $235,000. Finally, Milestone Resources Group Ltd bought a new position in Sherwin-Williams during the 4th quarter worth about $73,042,000. 75.88% of the stock is currently owned by institutional investors and hedge funds.
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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.