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 report released on Wednesday, Benzinga reports. Loop Capital currently has a buy rating on the specialty chemicals company’s stock.

Other equities research analysts have also recently issued research reports about the company. 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 research note on Friday, January 26th. UBS Group raised 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 research note on Thursday, March 7th. Wolfe Research initiated coverage on Sherwin-Williams in a research note on Friday, March 1st. They issued a peer perform rating for the company. Seaport Res Ptn cut Sherwin-Williams from a buy rating to a neutral rating in a research note on Monday, January 8th. Finally, Barclays raised their price objective on Sherwin-Williams from $285.00 to $315.00 and gave the company an equal weight rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $341.39.

Sherwin-Williams Price Performance

Shares of SHW opened at $306.45 on Wednesday. Sherwin-Williams has a 1 year low of $221.76 and a 1 year high of $348.37. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. The company has a market capitalization of $77.98 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business has a 50-day moving average of $328.05 and a 200-day moving average of $299.51.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 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 for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the prior year, the business earned $2.04 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Sherwin-Williams will post 11.43 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Insider Buying and Selling

In related news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is owned by company insiders.

Institutional Trading of Sherwin-Williams

Hedge funds have recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Sherwin-Williams in the third quarter valued at $25,000. Union Savings Bank bought a new stake in shares of Sherwin-Williams in the third quarter valued at $28,000. First United Bank & Trust bought a new stake in shares of Sherwin-Williams in the fourth quarter valued at $31,000. Lee Financial Co bought a new stake in shares of Sherwin-Williams in the third quarter valued at $32,000. Finally, BluePath Capital Management LLC bought a new stake in shares of Sherwin-Williams in the third quarter valued at $33,000. 77.67% of the stock is currently owned by 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.