Mizuho Lowers Sherwin-Williams (NYSE:SHW) Price Target to $334.00

Sherwin-Williams (NYSE:SHW) had its price target decreased by equities research analysts at Mizuho from $340.00 to $334.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Mizuho’s price objective points to a potential upside of 11.12% from the company’s current price.

Other research analysts have also issued reports about the company. Wolfe Research began coverage on Sherwin-Williams in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Robert W. Baird increased their price target on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company raised their target price on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Loop Capital lowered 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. Finally, Barclays raised their target price 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, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $329.11.

Sherwin-Williams Price Performance

SHW stock traded down $1.78 on Wednesday, reaching $300.58. The company had a trading volume of 624,911 shares, compared to its average volume of 1,433,126. 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 2.25, a quick ratio of 0.48 and a current ratio of 0.83. The company’s fifty day moving average is $328.40 and its 200 day moving average is $298.73. The company has a market cap of $76.49 billion, a P/E ratio of 32.69, a PEG ratio of 2.45 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the prior year, the company earned $2.04 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts forecast that Sherwin-Williams will post 11.46 earnings per share for the current year.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the completion of the sale, the insider now owns 9,329 shares of the company’s stock, valued at approximately $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Mary L. Garceau sold 23,518 shares of Sherwin-Williams stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the sale, the senior vice president now owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction 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 approximately $2,925,014.66. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock valued at $10,340,237 in the last quarter. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SHW. Vanguard Group Inc. increased its holdings in shares of Sherwin-Williams by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 21,435,960 shares of the specialty chemicals company’s stock worth $6,685,876,000 after purchasing an additional 179,274 shares during the period. FMR LLC increased its holdings in shares of Sherwin-Williams by 65.4% during the 3rd quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock worth $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Morgan Stanley increased its holdings in shares of Sherwin-Williams by 1.5% during the 3rd quarter. Morgan Stanley now owns 5,063,957 shares of the specialty chemicals company’s stock worth $1,291,563,000 after purchasing an additional 75,571 shares during the period. Capital World Investors increased its stake in Sherwin-Williams by 38.9% in 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. Finally, Norges Bank bought a new stake in Sherwin-Williams in the fourth quarter valued at about $1,176,356,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

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.