Brokerages Set Sherwin-Williams (SHW) PT at $441.00

Shares of Sherwin-Williams (NYSE:SHW) have earned a consensus rating of “Buy” from the twenty-six brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $441.00.

Several equities research analysts have issued reports on SHW shares. KeyCorp reissued an “overweight” rating and set a $465.00 target price (up previously from $440.00) on shares of Sherwin-Williams in a research note on Thursday, January 11th. Seaport Global Securities raised Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 target price for the company in a research note on Wednesday, December 27th. Bank of America raised their target price on Sherwin-Williams from $435.00 to $470.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Citigroup raised their target price on Sherwin-Williams to $486.00 and gave the stock a “buy” rating in a research note on Friday, January 26th.

Shares of NYSE:SHW traded down $3.80 during midday trading on Thursday, hitting $392.39. The company had a trading volume of 643,477 shares, compared to its average volume of 585,428. Sherwin-Williams has a twelve month low of $322.09 and a twelve month high of $435.15. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.12. The stock has a market cap of $36,882.31, a PE ratio of 27.50, a P/E/G ratio of 1.75 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the business posted $2.15 EPS. Sherwin-Williams’s revenue for the quarter was up 43.0% compared to the same quarter last year. analysts predict that Sherwin-Williams will post 19.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, May 17th. This represents a $3.44 annualized dividend and a dividend yield of 0.88%. Sherwin-Williams’s dividend payout ratio is currently 24.11%.

In other news, insider Peter J. Ippolito sold 750 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $409.26, for a total transaction of $306,945.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.78% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. USA Mutuals Advisors Inc. purchased a new position in shares of Sherwin-Williams during the fourth quarter worth $106,000. BTIM Corp. purchased a new position in shares of Sherwin-Williams during the fourth quarter worth $202,000. Chemung Canal Trust Co. purchased a new position in Sherwin-Williams in the fourth quarter valued at $204,000. New England Research & Management Inc. purchased a new position in Sherwin-Williams in the fourth quarter valued at $205,000. Finally, S. R. Schill & Associates purchased a new position in Sherwin-Williams in the fourth quarter valued at $205,000. Institutional investors and hedge funds own 75.58% of the company’s stock.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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