Sherwin-Williams (NYSE:SHW) Price Target Increased to $360.00 by Analysts at Robert W. Baird

Sherwin-Williams (NYSE:SHW) had its target price lifted by Robert W. Baird from $350.00 to $360.00 in a report released on Wednesday, Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $418.00 price objective on shares of Sherwin-Williams in a research report on Friday, August 30th. Evercore ISI lifted their price objective on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. The Goldman Sachs Group increased their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company boosted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $390.71.

Sherwin-Williams Trading Up 0.4 %

Shares of NYSE:SHW opened at $362.72 on Wednesday. The firm has a fifty day moving average of $371.81 and a two-hundred day moving average of $334.64. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. Sherwin-Williams has a 12-month low of $232.06 and a 12-month high of $392.57. The firm has a market capitalization of $91.50 billion, a P/E ratio of 36.97, a price-to-earnings-growth ratio of 3.04 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the business posted $3.20 EPS. Sherwin-Williams’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts expect that Sherwin-Williams will post 11.49 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.79%. Sherwin-Williams’s payout ratio is 29.15%.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Sherwin-Williams

Several institutional investors have recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its position in Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 45 shares during the period. Semmax Financial Advisors Inc. raised its stake in shares of Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 60 shares in the last quarter. VitalStone Financial LLC lifted its holdings in shares of Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares during the period. Anfield Capital Management LLC acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at about $38,000. Finally, Friedenthal Financial acquired a new position in Sherwin-Williams in the third quarter worth about $50,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.