Sherwin-Williams (NYSE:SHW) had its price target hoisted by stock analysts at Citigroup to $486.00 in a report released on Friday, The Fly reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price target would indicate a potential upside of 14.71% from the company’s current price.
SHW has been the subject of several other reports. Robert W. Baird reaffirmed a “buy” rating and issued a $475.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, January 10th. Northcoast Research reissued a “buy” rating and set a $435.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research report on Friday, October 6th. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Moffett Nathanson started coverage on Sherwin-Williams in a research report on Monday, December 4th. They set a “buy” rating for the company. Finally, Vertical Research reissued a “hold” rating and set a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $430.32.
Sherwin-Williams (NYSE:SHW) traded down $0.98 during midday trading on Friday, reaching $423.68. The company had a trading volume of 957,337 shares, compared to its average volume of 561,829. Sherwin-Williams has a 12-month low of $300.17 and a 12-month high of $435.15. The stock has a market cap of $39,711.62, a P/E ratio of 22.77, a P/E/G ratio of 2.03 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.
In related news, SVP Robert J. Wells sold 2,946 shares of Sherwin-Williams stock in a transaction on 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 transaction, the senior vice president now owns 18,363 shares in the company, valued at $7,512,486.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert J. Davisson sold 1,000 shares of Sherwin-Williams stock in a transaction on Monday, December 4th. The shares were 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 ninety days, insiders sold 15,122 shares of company stock valued at $5,969,846. Company insiders own 1.69% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its holdings in Sherwin-Williams by 27.6% in the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after acquiring an additional 288,492 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Sherwin-Williams by 30.6% in the third quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Sherwin-Williams by 9.6% in the third quarter. Wells Fargo & Company MN now owns 738,780 shares of the specialty chemicals company’s stock valued at $264,514,000 after acquiring an additional 64,841 shares during the last quarter. Findlay Park Partners LLP boosted its holdings in Sherwin-Williams by 21.6% in the third quarter. Findlay Park Partners LLP now owns 590,341 shares of the specialty chemicals company’s stock valued at $211,366,000 after acquiring an additional 105,000 shares during the last quarter. Finally, Sirios Capital Management L P boosted its holdings in Sherwin-Williams by 5.5% in the third quarter. Sirios Capital Management L P now owns 538,506 shares of the specialty chemicals company’s stock valued at $192,807,000 after acquiring an additional 27,947 shares during the last quarter. Hedge funds and other institutional investors own 75.85% of the company’s stock.
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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.
