Other analysts have also recently issued research reports about the company. Bank of America lifted their price objective on Sherwin-Williams from $435.00 to $470.00 and gave the company a buy rating in a research report on Friday, January 26th. Citigroup lifted their price objective on Sherwin-Williams to $486.00 and gave the company a buy rating in a research report on Friday, January 26th. Royal Bank of Canada reissued a buy rating and set a $455.00 price objective on shares of Sherwin-Williams in a research report on Thursday, December 14th. Moffett Nathanson initiated coverage on Sherwin-Williams in a research report on Monday, December 4th. They set a buy rating for the company. Finally, Robert W. Baird reissued a buy rating and set a $425.00 price objective on shares of Sherwin-Williams in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Sherwin-Williams presently has a consensus rating of Buy and an average price target of $436.20.
Shares of Sherwin-Williams (SHW) opened at $421.16 on Wednesday. The company has a market capitalization of $39,586.52, a price-to-earnings ratio of 29.07, a PEG ratio of 1.90 and a beta of 1.17. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. Sherwin-Williams has a 12-month low of $305.70 and a 12-month high of $435.15.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were issued a dividend of $0.86 per share. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. This represents a $3.44 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, February 23rd. Sherwin-Williams’s dividend payout ratio (DPR) is 18.48%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its stake in shares of Sherwin-Williams by 28.2% in the third quarter. Janney Montgomery Scott LLC now owns 22,929 shares of the specialty chemicals company’s stock worth $8,209,000 after purchasing an additional 5,041 shares during the period. Janus Henderson Group PLC increased its stake in shares of Sherwin-Williams by 27.6% in the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after purchasing an additional 288,492 shares during the period. Carderock Capital Management Inc. increased its stake in shares of Sherwin-Williams by 4.3% in the third quarter. Carderock Capital Management Inc. now owns 6,495 shares of the specialty chemicals company’s stock worth $2,325,000 after purchasing an additional 270 shares during the period. Atlantic Trust Group LLC bought a new position in shares of Sherwin-Williams in the third quarter worth about $87,798,000. Finally, Stifel Financial Corp increased its stake in shares of Sherwin-Williams by 3.3% in the third quarter. Stifel Financial Corp now owns 77,038 shares of the specialty chemicals company’s stock worth $27,610,000 after purchasing an additional 2,473 shares during the period. Institutional investors own 74.22% of the company’s stock.
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The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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