The Sherwin-Williams Company (NYSE:SHW) Receives Consensus Rating of “Moderate Buy” from Brokerages

The Sherwin-Williams Company (NYSE:SHW) has been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $343.41.

SHW has been the subject of a number of analyst reports. BMO Capital Markets dropped their price target on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Mizuho decreased their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a report on Wednesday, April 24th. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price target for the stock from $312.00 to $402.00 in a report on Thursday, March 7th. Loop Capital cut their target price on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, Evercore ISI upped their price target on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $1,176,356,000. Alphinity Investment Management Pty Ltd bought a new position in Sherwin-Williams during the fourth quarter worth $432,737,000. Capital World Investors increased its stake in Sherwin-Williams by 38.9% during the fourth quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock valued at $1,197,952,000 after acquiring an additional 1,075,351 shares during the period. International Assets Investment Management LLC raised its stake in shares of Sherwin-Williams by 2,853.9% in the fourth quarter. International Assets Investment Management LLC now owns 650,186 shares of the specialty chemicals company’s stock valued at $202,793,000 after purchasing an additional 628,175 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Sherwin-Williams by 8,986.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 534,121 shares of the specialty chemicals company’s stock worth $166,592,000 after acquiring an additional 528,243 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $297.00 on Friday. Sherwin-Williams has a fifty-two week low of $232.06 and a fifty-two week high of $348.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The firm has a market capitalization of $75.30 billion, a P/E ratio of 31.62, a PEG ratio of 2.37 and a beta of 1.17. The stock has a 50-day simple moving average of $305.49 and a two-hundred day simple moving average of $313.37.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.04 earnings per share. On average, equities analysts forecast that Sherwin-Williams will post 11.43 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, May 16th. Sherwin-Williams’s payout ratio is 30.49%.

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.