Sherwin-Williams (SHW) Price Target Cut to $457.00

Sherwin-Williams (NYSE:SHW) had its price target lowered by Credit Suisse Group from $473.00 to $457.00 in a research note published on Wednesday morning, MarketBeat.com reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

SHW has been the topic of a number of other reports. Zacks Investment Research lowered shares of Sherwin-Williams from a buy rating to a hold rating in a research report on Wednesday, April 4th. Cleveland Research reaffirmed a buy rating on shares of Sherwin-Williams in a research report on Wednesday, March 7th. BMO Capital Markets began coverage on shares of Sherwin-Williams in a research report on Tuesday, March 27th. They set a market perform rating and a $453.00 price target on the stock. Citigroup raised their price target on shares of Sherwin-Williams to $486.00 and gave the stock a buy rating in a research report on Friday, January 26th. Finally, Susquehanna Bancshares reaffirmed a positive rating and set a $483.00 price target (down from $511.00) on shares of Sherwin-Williams in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $438.62.

Shares of SHW traded down $4.24 during trading hours on Wednesday, hitting $368.48. The company had a trading volume of 522,083 shares, compared to its average volume of 673,095. The firm has a market capitalization of $34,691.23, a PE ratio of 26.12, a PEG ratio of 2.07 and a beta of 1.17. Sherwin-Williams has a 12 month low of $326.68 and a 12 month high of $435.15. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.13 and a quick ratio of 0.67.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 24th. The specialty chemicals company reported $3.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.16 by $0.41. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.94 billion. Sherwin-Williams had a net margin of 11.02% and a return on equity of 48.06%. The company’s revenue was up 43.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 earnings per share. analysts predict that Sherwin-Williams will post 15.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be paid a dividend of $0.86 per share. The ex-dividend date is Thursday, May 17th. This represents a $3.44 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams’s payout ratio is 24.11%.

In other Sherwin-Williams news, insider Peter J. Ippolito sold 750 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $409.26, for a total transaction of $306,945.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SHW. USA Mutuals Advisors Inc. acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $106,000. BTIM Corp. acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $202,000. Chemung Canal Trust Co. acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $204,000. New England Research & Management Inc. acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $205,000. Finally, S. R. Schill & Associates acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $205,000. Hedge funds and other institutional investors own 75.53% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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