Sherwin-Williams (NYSE:SHW) Price Target Raised to $380.00

Sherwin-Williams (NYSE:SHW) had its target price hoisted by JPMorgan Chase & Co. from $365.00 to $380.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

Other analysts have also issued reports about the stock. UBS Group restated a “neutral” rating and set a $390.00 target price on shares of Sherwin-Williams in a research report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and set a $405.00 price target (up from $400.00) on shares of Sherwin-Williams in a research note on Wednesday. Citigroup reissued a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday. Jefferies Financial Group restated a “hold” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research note on Tuesday. Finally, Bank of America decreased their target price on Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $384.47.

Sherwin-Williams Trading Down 1.1%

NYSE:SHW opened at $341.19 on Wednesday. The company has a market cap of $82.83 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 2.16. The company has a 50 day simple moving average of $324.40 and a two-hundred day simple moving average of $332.32. Sherwin-Williams has a 12 month low of $289.86 and a 12 month high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business posted $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Research analysts forecast that Sherwin-Williams will post 12.08 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be paid a $0.80 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.9%. Sherwin-Williams’s dividend payout ratio is 29.49%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SHW. Brighton Jones LLC boosted its stake in shares of Sherwin-Williams by 73.6% in the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company’s stock worth $525,000 after acquiring an additional 655 shares during the period. Empowered Funds LLC raised its stake in Sherwin-Williams by 11.2% during the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after purchasing an additional 626 shares during the period. Jump Financial LLC bought a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $1,210,000. Sei Investments Co. lifted its holdings in Sherwin-Williams by 43.6% in the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company’s stock worth $67,612,000 after purchasing an additional 59,831 shares in the last quarter. Finally, Glenview Trust co boosted its stake in Sherwin-Williams by 4.8% in the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company’s stock worth $1,116,000 after purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.