Sherwin-Williams (NYSE:SHW) Given New $310.00 Price Target at Robert W. Baird

Sherwin-Williams (NYSE:SHW) had its target price lifted by Robert W. Baird from $300.00 to $310.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

Other equities analysts have also issued research reports about the stock. UBS Group upgraded shares of Sherwin-Williams from a neutral rating to a buy rating and upped their target price for the stock from $312.00 to $402.00 in a research report on Thursday, March 7th. Evercore ISI decreased their price target on shares of Sherwin-Williams from $385.00 to $380.00 and set an outperform rating on the stock in a research note on Tuesday, April 16th. Barclays upped their price target on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an equal weight rating in a research note on Monday, January 29th. Citigroup upped their price target on shares of Sherwin-Williams from $360.00 to $390.00 and gave the company a buy rating in a research note on Wednesday, April 10th. Finally, StockNews.com raised shares of Sherwin-Williams from a hold rating to a buy rating in a research note on Friday, March 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $341.39.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $306.45 on Wednesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.48 and a current ratio of 0.78. The firm has a fifty day moving average price of $328.05 and a 200 day moving average price of $299.51. Sherwin-Williams has a fifty-two week low of $221.76 and a fifty-two week high of $348.37. The firm has a market cap of $77.98 billion, a price-to-earnings ratio of 32.67, a P/E/G ratio of 2.47 and a beta of 1.15.

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 73.74% and a net margin of 10.52%. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the company posted $2.04 EPS. Sherwin-Williams’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts expect 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 will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 1,563 shares of the firm’s 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 transaction, the insider now owns 14,564 shares of the company’s stock, valued at approximately $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Sherwin-Williams 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 transaction of $529,653.81. Following 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, insider Todd D. Rea sold 2,449 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock valued at $10,340,237 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First United Bank & Trust bought a new position in Sherwin-Williams during the 4th quarter worth about $31,000. OFI Invest Asset Management bought a new position in Sherwin-Williams during the 3rd quarter worth about $25,000. Tortoise Investment Management LLC grew its holdings 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 acquiring an additional 65 shares in the last quarter. Union Savings Bank bought a new stake in shares of Sherwin-Williams in the 3rd quarter valued at about $28,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $35,000. 77.67% of the stock is currently owned by institutional investors.

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.