UBS Group Cuts Sherwin-Williams (NYSE:SHW) Price Target to $400.00

Sherwin-Williams (NYSE:SHW) had its price objective trimmed by UBS Group from $430.00 to $400.00 in a report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

A number of other brokerages also recently weighed in on SHW. JPMorgan Chase & Co. boosted their price target on Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Robert W. Baird set a $370.00 price target on Sherwin-Williams in a report on Friday, January 31st. Morgan Stanley dropped their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Barclays lowered their target price on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Finally, Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $393.31.

Sherwin-Williams Stock Performance

Sherwin-Williams stock opened at $336.69 on Monday. The stock has a fifty day moving average of $348.45 and a two-hundred day moving average of $361.03. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company has a market capitalization of $84.68 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 2.98 and a beta of 1.26. Sherwin-Williams has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter last year, the firm earned $1.81 earnings per share. On average, analysts anticipate that Sherwin-Williams will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.79 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.72. This represents a $3.16 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio is 29.95%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the transaction, the insider now owns 5,365 shares of the company’s stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Sherwin-Williams

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter valued at $26,000. Park Square Financial Group LLC bought a new position in Sherwin-Williams in the 4th quarter valued at $27,000. Lee Danner & Bass Inc. bought a new stake in Sherwin-Williams in the fourth quarter worth about $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams during the fourth quarter valued at $36,000. Finally, WR Wealth Planners LLC grew its stake in Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 35 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

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.