Sherwin-Williams (NYSE:SHW) Stock Price Expected to Rise, Mizuho Analyst Says

Sherwin-Williams (NYSE:SHW) had its target price boosted by stock analysts at Mizuho from $400.00 to $410.00 in a report released on Tuesday, Marketbeat reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price target suggests a potential upside of 12.13% from the company’s current price.

A number of other equities research analysts have also recently weighed in on SHW. Weiss Ratings restated a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Wells Fargo & Company set a $410.00 price target on shares of Sherwin-Williams and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a $390.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a research note on Wednesday, January 7th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.67.

Sherwin-Williams Trading Down 0.6%

Sherwin-Williams stock opened at $365.65 on Tuesday. Sherwin-Williams has a 52-week low of $308.84 and a 52-week high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $90.64 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 3.18 and a beta of 1.25. The firm has a 50-day moving average price of $345.53 and a two-hundred day moving average price of $346.20.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the business earned $2.09 earnings per share. Sherwin-Williams’s revenue was up 5.6% compared to the same quarter last year. Sell-side analysts expect that Sherwin-Williams will post 12 earnings per share for the current year.

Insider Buying and Selling at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the transaction, the insider owned 5,365 shares of the company’s stock, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SHW. Cordatus Wealth Management LLC boosted its holdings in Sherwin-Williams by 149.4% during the third quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after purchasing an additional 5,744 shares in the last quarter. Nordea Investment Management AB grew its position in Sherwin-Williams by 16.1% in the third quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock valued at $43,536,000 after acquiring an additional 17,422 shares during the period. Wealthfront Advisers LLC raised its stake in Sherwin-Williams by 26.1% during the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock worth $10,709,000 after acquiring an additional 6,408 shares in the last quarter. Inscription Capital LLC bought a new position in shares of Sherwin-Williams during the third quarter valued at $1,069,000. Finally, Vanguard Group Inc. boosted its stake in shares of Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after purchasing an additional 246,008 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.