Brokerages Set The Sherwin-Williams Company (NYSE:SHW) Price Target at $343.41

The Sherwin-Williams Company (NYSE:SHW) has been given an average rating of “Moderate Buy” by the nineteen research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $343.41.

Several equities analysts recently commented on the stock. Evercore ISI increased their price objective on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Mizuho reduced their price target on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Loop Capital reduced their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Finally, StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th.

Institutional Investors Weigh In On Sherwin-Williams

A number of institutional investors have recently added to or reduced their stakes in SHW. First United Bank & Trust acquired a new stake in Sherwin-Williams in the 4th quarter valued at $31,000. Tortoise Investment Management LLC boosted its stake in Sherwin-Williams by 158.5% during the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Sherwin-Williams during the 4th quarter worth $35,000. Wetzel Investment Advisors Inc. acquired a new stake in Sherwin-Williams during the 4th quarter worth $36,000. Finally, Tompkins Financial Corp boosted its stake in Sherwin-Williams by 1,533.3% during the 3rd quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 2.0 %

NYSE:SHW opened at $294.68 on Friday. Sherwin-Williams has a fifty-two week low of $232.06 and a fifty-two week high of $348.37. The stock has a market capitalization of $74.72 billion, a P/E ratio of 31.42, a P/E/G ratio of 2.42 and a beta of 1.17. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The company’s 50-day simple moving average is $305.75 and its 200-day simple moving average is $313.49.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 earnings per share. On average, equities analysts anticipate that Sherwin-Williams will post 11.43 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $0.715 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.97%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

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.