Sherwin-Williams (NYSE:SHW) Hits New 1-Year High at $548.97

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Sherwin-Williams Co (NYSE:SHW) shares reached a new 52-week high on Thursday . The company traded as high as $548.97 and last traded at $540.01, with a volume of 12867 shares traded. The stock had previously closed at $527.40.

A number of equities analysts recently weighed in on SHW shares. Jefferies Financial Group upped their target price on shares of Sherwin-Williams from $430.00 to $546.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Credit Suisse Group increased their target price on shares of Sherwin-Williams from $487.00 to $525.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Royal Bank of Canada increased their target price on shares of Sherwin-Williams to $550.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. KeyCorp increased their target price on shares of Sherwin-Williams from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Barclays raised their price target on shares of Sherwin-Williams from $470.00 to $505.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $525.40.

The firm has a market capitalization of $48.25 billion, a P/E ratio of 28.93, a PEG ratio of 2.05 and a beta of 1.26. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.50 and a current ratio of 0.80. The business’s fifty day moving average price is $519.37 and its two-hundred day moving average price is $464.42.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.35 by $0.22. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Sherwin-Williams had a net margin of 6.61% and a return on equity of 48.92%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $5.73 EPS. Sell-side analysts predict that Sherwin-Williams Co will post 21.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.39%.

In related news, SVP Jane M. Cronin sold 1,627 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $515.00, for a total value of $837,905.00. Following the completion of the sale, the senior vice president now directly owns 3,598 shares in the company, valued at approximately $1,852,970. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David F. Hodnik sold 501 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $521.57, for a total transaction of $261,306.57. Following the completion of the sale, the director now owns 9,569 shares of the company’s stock, valued at $4,990,903.33. The disclosure for this sale can be found here. Insiders sold a total of 15,348 shares of company stock valued at $7,666,703 over the last quarter. 0.50% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in SHW. Freestone Capital Holdings LLC purchased a new position in Sherwin-Williams during the 2nd quarter worth approximately $315,000. Fifth Third Bancorp raised its position in Sherwin-Williams by 2.2% during the 1st quarter. Fifth Third Bancorp now owns 97,612 shares of the specialty chemicals company’s stock worth $42,042,000 after buying an additional 2,103 shares during the last quarter. Boston Family Office LLC raised its position in Sherwin-Williams by 0.4% during the 2nd quarter. Boston Family Office LLC now owns 9,051 shares of the specialty chemicals company’s stock worth $4,148,000 after buying an additional 36 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in Sherwin-Williams by 9.5% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 2,888 shares of the specialty chemicals company’s stock worth $1,324,000 after buying an additional 251 shares during the last quarter. Finally, Condor Capital Management raised its position in Sherwin-Williams by 1.5% during the 2nd quarter. Condor Capital Management now owns 3,272 shares of the specialty chemicals company’s stock worth $1,500,000 after buying an additional 47 shares during the last quarter. Institutional investors own 76.76% of the company’s stock.

About Sherwin-Williams (NYSE:SHW)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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