Sherwin-Williams’ (SHW) “Outperform” Rating Reaffirmed at BMO Capital Markets

Sherwin-Williams (NYSE:SHW)‘s stock had its “outperform” rating reaffirmed by analysts at BMO Capital Markets in a research note issued on Wednesday, Benzinga reports. They presently have a $377.00 price objective on the specialty chemicals company’s stock, down from their prior price objective of $385.00. BMO Capital Markets’ price objective points to a potential upside of 24.93% from the stock’s current price.

A number of other research firms also recently commented on SHW. Mizuho lowered their target price on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research report on Wednesday. Loop Capital dropped their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays lifted their target price on Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Friday, March 8th. Finally, Royal Bank of Canada reduced their target price on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $333.39.

Sherwin-Williams Stock Down 0.2 %

Shares of SHW stock traded down $0.58 during mid-day trading on Wednesday, reaching $301.78. 781,270 shares of the company’s stock traded hands, compared to its average volume of 1,435,254. The company has a market cap of $76.79 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.45 and a beta of 1.15. The company’s 50-day moving average price is $328.40 and its 200-day moving average price is $298.73. Sherwin-Williams has a 12 month low of $221.76 and a 12 month high of $348.37. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25.

Sherwin-Williams (NYSE:SHW) last issued its 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). Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the firm posted $2.04 EPS. Sherwin-Williams’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities analysts expect that Sherwin-Williams will post 11.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the transaction, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock worth $10,340,237 over the last three months. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Sherwin-Williams

Hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank increased its holdings in shares of Sherwin-Williams by 0.5% during the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after acquiring an additional 34 shares in the last quarter. Tsfg LLC lifted its holdings in Sherwin-Williams by 4.7% in the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after acquiring an additional 34 shares during the last quarter. Manchester Capital Management LLC raised its position in Sherwin-Williams by 5.5% in the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 35 shares during the period. Tealwood Asset Management Inc. increased its position in shares of Sherwin-Williams by 0.7% during the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock worth $1,706,000 after acquiring an additional 35 shares during the period. Finally, Ellsworth Advisors LLC grew its stake in shares of Sherwin-Williams by 0.9% during the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares in the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

About Sherwin-Williams

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.