Sherwin-Williams (NYSE:SHW) Price Target Cut to $380.00 by Analysts at Loop Capital

Sherwin-Williams (NYSE:SHW) had its price target decreased by Loop Capital from $395.00 to $380.00 in a research report sent to investors on Wednesday, Benzinga reports. Loop Capital currently has a buy rating on the specialty chemicals company’s stock.

Several other equities analysts have also recently issued reports on the company. Citigroup raised their price target on Sherwin-Williams from $360.00 to $390.00 and gave the company a buy rating in a report on Wednesday, April 10th. UBS Group upgraded Sherwin-Williams from a neutral rating to a buy rating and raised their target price for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Wolfe Research assumed coverage on Sherwin-Williams in a report on Friday, March 1st. They set a peer perform rating on the stock. Royal Bank of Canada reduced their target price on Sherwin-Williams from $346.00 to $341.00 and set an outperform rating on the stock in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $285.00 to $317.00 and gave the stock an overweight rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams currently has an average rating of Moderate Buy and an average price target of $341.39.

Sherwin-Williams Stock Performance

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

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sherwin-Williams’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.04 EPS. On average, equities research analysts predict that Sherwin-Williams will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insider Activity at Sherwin-Williams

In related news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction 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 can be accessed through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,050 shares of company stock valued at $10,340,237. 0.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Sherwin-Williams by 16.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after acquiring an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $38,444,000. Machina Capital S.A.S. increased its holdings in shares of Sherwin-Williams by 149.0% during the 3rd quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock worth $2,473,000 after acquiring an additional 5,801 shares during the last quarter. AIA Group Ltd increased its holdings in shares of Sherwin-Williams by 20.8% during the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after acquiring an additional 2,810 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $4,517,000. 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.