Equities researchers at Deutsche Bank began coverage on shares of Sherwin-Williams (NYSE:SHW) in a report issued on Friday, The Fly reports. The brokerage set a “hold” rating on the specialty chemicals company’s stock.
Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada restated a “buy” rating and issued a $455.00 target price on shares of Sherwin-Williams in a report on Thursday, December 14th. Robert W. Baird restated a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Friday, September 29th. Zacks Investment Research cut shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Raymond James Financial began coverage on shares of Sherwin-Williams in a research note on Tuesday. They set a “strong-buy” rating and a $496.00 price target for the company. Finally, Northcoast Research reiterated a “buy” rating and set a $435.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $408.93.
Shares of Sherwin-Williams (NYSE:SHW) traded down $2.81 during trading hours on Friday, hitting $411.53. 418,400 shares of the company’s stock were exchanged, compared to its average volume of 623,315. Sherwin-Williams has a 52 week low of $268.05 and a 52 week high of $415.75. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a market cap of $38,746.55, a P/E ratio of 29.85, a PEG ratio of 2.31 and a beta of 1.22.
In related news, insider Robert J. Davisson sold 8,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total value of $3,432,616.00. Following the sale, the insider now directly owns 14,812 shares of the company’s stock, valued at $5,777,716.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the completion of the sale, the senior vice president now directly owns 18,363 shares in the company, valued at $7,512,486.93. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock valued at $5,969,846 over the last 90 days. 1.69% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SHW. Tower Research Capital LLC TRC bought a new stake in shares of Sherwin-Williams in the second quarter worth $100,000. Massmutual Trust Co. FSB ADV acquired a new position in Sherwin-Williams in the fourth quarter worth $104,000. American Beacon Advisors Inc. acquired a new position in Sherwin-Williams in the first quarter worth $106,000. NEXT Financial Group Inc boosted its holdings in Sherwin-Williams by 1,536.0% in the third quarter. NEXT Financial Group Inc now owns 409 shares of the specialty chemicals company’s stock worth $113,000 after purchasing an additional 384 shares during the period. Finally, Parallel Advisors LLC acquired a new position in Sherwin-Williams in the fourth quarter worth $113,000. 75.62% of the stock is currently owned by institutional investors and hedge funds.
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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.
