The Sherwin-Williams Company (NYSE:SHW) Receives $253.83 Average PT from Analysts

Posted by Defense World Staff on Apr 28th, 2023

The Sherwin-Williams Company (NYSE:SHW – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $257.83.

SHW has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Sherwin-Williams from $285.00 to $267.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Sherwin-Williams from $260.00 to $235.00 and set an “overweight” rating on the stock in a research report on Friday, January 27th. Barclays boosted their target price on shares of Sherwin-Williams from $220.00 to $240.00 in a research report on Thursday. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $230.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, January 9th. Finally, BMO Capital Markets lifted their price objective on shares of Sherwin-Williams from $231.00 to $253.00 in a research note on Wednesday.

Sherwin-Williams Price Performance

NYSE SHW opened at $232.69 on Tuesday. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.00 and a quick ratio of 0.55. The firm has a market capitalization of $60.05 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 2.71 and a beta of 1.07. The company has a 50 day simple moving average of $222.72 and a 200-day simple moving average of $230.76. Sherwin-Williams has a 52-week low of $195.24 and a 52-week high of $285.00.

Sherwin-Williams (NYSE:SHW – Get Rating) last released its earnings results on Tuesday, April 25th. The specialty chemicals company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.20. Sherwin-Williams had a net margin of 9.41% and a return on equity of 86.29%. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Equities research analysts predict that Sherwin-Williams will post 8.42 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be paid a $0.605 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $2.42 annualized dividend and a dividend yield of 1.04%. Sherwin-Williams’s payout ratio is 31.35%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,750 shares of the firm’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $220.76, for a total value of $607,090.00. Following the sale, the senior vice president now directly owns 7,955 shares in the company, valued at approximately $1,756,145.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of Sherwin-Williams

A number of hedge funds have recently modified their holdings of SHW. Roundview Capital LLC lifted its position in Sherwin-Williams by 8.1% in the first quarter. Roundview Capital LLC now owns 8,065 shares of the specialty chemicals company’s stock worth $2,013,000 after purchasing an additional 607 shares during the period. Cibc World Market Inc. boosted its position in shares of Sherwin-Williams by 189.1% during the 1st quarter. Cibc World Market Inc. now owns 10,409 shares of the specialty chemicals company’s stock valued at $2,598,000 after acquiring an additional 6,808 shares in the last quarter. Sei Investments Co. increased its stake in Sherwin-Williams by 26.5% in the first quarter. Sei Investments Co. now owns 118,763 shares of the specialty chemicals company’s stock valued at $29,956,000 after acquiring an additional 24,884 shares during the period. Prudential PLC acquired a new position in Sherwin-Williams in the first quarter worth about $1,231,000. Finally, Cetera Investment Advisers lifted its stake in Sherwin-Williams by 2.6% during the first quarter. Cetera Investment Advisers now owns 11,387 shares of the specialty chemicals company’s stock worth $2,842,000 after purchasing an additional 287 shares during the period. Institutional investors own 76.03% of the company’s stock.

Sherwin-Williams Company Profile

(Get Rating)

The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.