Sherwin-Williams Co. (NYSE:SHW) has been given a consensus recommendation of “Buy” by the fifteen research firms that are currently covering the stock. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $324.31.
A number of research firms recently issued reports on SHW. Morgan Stanley restated an “overweight” rating and set a $322.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 20th. Zacks Investment Research upgraded Sherwin-Williams from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Seaport Global Securities downgraded Sherwin-Williams from an “accumulate” rating to a “neutral” rating and set a $320.00 price target on the stock. in a research note on Monday, July 11th. RBC Capital Markets restated an “outperform” rating and set a $335.00 price target on shares of Sherwin-Williams in a research note on Saturday, August 13th. Finally, Robert W. Baird restated an “outperform” rating and set a $330.00 price target on shares of Sherwin-Williams in a research note on Monday, July 25th.
Sherwin-Williams (NYSE:SHW) traded down 0.83% during mid-day trading on Monday, hitting $280.64. The stock had a trading volume of 306,434 shares. Sherwin-Williams has a 12-month low of $218.27 and a 12-month high of $312.48. The firm has a market cap of $25.76 billion, a P/E ratio of 23.66 and a beta of 0.87. The stock has a 50-day moving average price of $285.70 and a 200 day moving average price of $290.90.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, July 21st. The company reported $4.06 EPS for the quarter, missing analysts’ consensus estimates of $4.16 by $0.10. Sherwin-Williams had a net margin of 9.50% and a return on equity of 110.16%. The business earned $3.22 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the company posted $3.70 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Sherwin-Williams will post $12.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $3.36 annualized dividend and a yield of 1.19%. Sherwin-Williams’s dividend payout ratio is presently 28.84%.
In related news, insider Joel D. Baxter sold 3,853 shares of Sherwin-Williams stock in a transaction on Friday, August 5th. The stock was sold at an average price of $300.16, for a total transaction of $1,156,516.48. Following the completion of the transaction, the insider now directly owns 8,347 shares of the company’s stock, valued at $2,505,435.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John G. Morikis sold 30,353 shares of Sherwin-Williams stock in a transaction on Monday, August 1st. The stock was sold at an average price of $298.75, for a total value of $9,067,958.75. Following the transaction, the chief executive officer now directly owns 119,804 shares of the company’s stock, valued at $35,791,445. The disclosure for this sale can be found here. Corporate insiders own 1.89% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Williams Jones & Associates LLC purchased a new position in shares of Sherwin-Williams during the second quarter valued at about $410,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Sherwin-Williams during the second quarter valued at about $932,000. Kentucky Retirement Systems purchased a new position in shares of Sherwin-Williams during the second quarter valued at about $1,963,000. Mason Street Advisors LLC purchased a new position in shares of Sherwin-Williams during the second quarter valued at about $3,110,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Sherwin-Williams by 119.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,856 shares of the company’s stock valued at $5,244,000 after buying an additional 9,717 shares in the last quarter. 74.63% of the stock is owned by hedge funds and other institutional investors.
Sherwin-Williams Company Profile
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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