Analysts’ Recent Ratings Changes for Sherwin-Williams (SHW)

A number of firms have modified their ratings and price targets on shares of Sherwin-Williams (NYSE: SHW) recently:

• 10/30/2024 – Sherwin-Williams was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/24/2024 – Sherwin-Williams had its price target lowered by analysts at Royal Bank of Canada from $455.00 to $446.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Sherwin-Williams had its price target lowered by analysts at Citigroup Inc. from $430.00 to $420.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Sherwin-Williams had its price target raised by analysts at JPMorgan Chase & Co. from $360.00 to $370.00. They now have an “overweight” rating on the stock.
• 10/23/2024 – Sherwin-Williams had its price target lowered by analysts at Evercore ISI from $410.00 to $400.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Sherwin-Williams had its price target raised by analysts at Robert W. Baird from $350.00 to $360.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Sherwin-Williams had its price target raised by analysts at Barclays PLC from $355.00 to $370.00. They now have an “equal weight” rating on the stock.
• 10/22/2024 – Sherwin-Williams was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/18/2024 – Sherwin-Williams had its “underperform” rating reaffirmed by analysts at UBS Group AG.
• 10/18/2024 – Sherwin-Williams had its price target raised by analysts at Morgan Stanley from $375.00 to $450.00. They now have an “overweight” rating on the stock.
• 10/15/2024 – Sherwin-Williams had its price target raised by analysts at Wells Fargo & Company from $350.00 to $400.00. They now have an “equal weight” rating on the stock.
• 10/7/2024 – Sherwin-Williams had its “sector weight” rating reaffirmed by analysts at KeyCorp.
• 9/30/2024 – Sherwin-Williams had its price target raised by analysts at BMO Capital Markets from $400.00 to $425.00. They now have an “outperform” rating on the stock.
• 9/28/2024 – Sherwin-Williams was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/20/2024 – Sherwin-Williams was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/4/2024 – Sherwin-Williams had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $400.00 price target on the stock, up previously from $386.00.

Sherwin-Williams Trading Down 0.8 %

Shares of SHW stock traded down $2.82 on Thursday, reaching $359.07. 949,851 shares of the stock were exchanged, compared to its average volume of 1,534,171. The firm has a 50 day moving average of $372.35 and a two-hundred day moving average of $335.91. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The Sherwin-Williams Company has a 1-year low of $235.84 and a 1-year high of $392.57. The stock has a market cap of $91.04 billion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.89 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the business earned $3.20 earnings per share. Sherwin-Williams’s quarterly revenue was up .7% on a year-over-year basis. On average, research analysts anticipate that The Sherwin-Williams Company will post 11.32 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a yield of 0.80%. Sherwin-Williams’s payout ratio is 30.49%.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sherwin-Williams

Hedge funds and other institutional investors have recently bought and sold shares of the company. Valued Wealth Advisors LLC increased its holdings in Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. lifted its stake in Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares during the last quarter. Finally, VitalStone Financial LLC lifted its stake in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

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.