Robert W. Baird Increases Sherwin-Williams (NYSE:SHW) Price Target to $310.00

Sherwin-Williams (NYSE:SHW) had its price target increased by research analysts at Robert W. Baird from $300.00 to $310.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Robert W. Baird’s target price suggests a potential upside of 1.71% from the company’s previous close.

Several other research analysts have also recently issued reports on SHW. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price target for the company in a research note on Tuesday, February 27th. Barclays upped their price objective on Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Mizuho cut their price objective on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating for the company in a report on Friday, January 26th. Wells Fargo & Company upped their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, Wolfe Research began coverage on Sherwin-Williams in a report on Friday, March 1st. They issued a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $337.37.

Sherwin-Williams Trading Up 0.4 %

NYSE:SHW opened at $304.80 on Wednesday. Sherwin-Williams has a 1 year low of $221.76 and a 1 year high of $348.37. The stock has a market cap of $77.56 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.41 and a beta of 1.15. The business has a fifty day moving average of $328.10 and a 200-day moving average of $298.81. 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 released 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). Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period in the previous year, the company posted $2.04 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts predict that Sherwin-Williams will post 11.44 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now directly owns 14,564 shares of the company’s stock, 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. In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now directly owns 14,564 shares of the company’s stock, 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 value of $767,859.46. Following the completion of the sale, the insider now directly owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,050 shares of company stock valued at $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SHW. Exchange Traded Concepts LLC increased its position in Sherwin-Williams by 9,310.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 941 shares of the specialty chemicals company’s stock worth $240,000 after purchasing an additional 931 shares during the last quarter. Caprock Group LLC increased its position in Sherwin-Williams by 6.0% in the 3rd quarter. Caprock Group LLC now owns 3,556 shares of the specialty chemicals company’s stock worth $907,000 after purchasing an additional 201 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Sherwin-Williams by 6.8% during the 3rd quarter. Proficio Capital Partners LLC now owns 1,068 shares of the specialty chemicals company’s stock valued at $272,000 after acquiring an additional 68 shares during the last quarter. SS&H Financial Advisors Inc. acquired a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $4,443,000. Finally, UMB Bank n.a. increased its holdings in shares of Sherwin-Williams by 3.0% during the 3rd quarter. UMB Bank n.a. now owns 11,393 shares of the specialty chemicals company’s stock valued at $2,906,000 after acquiring an additional 336 shares during 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.