Sherwin-Williams (NYSE:SHW) Now Covered by Wolfe Research

Wolfe Research assumed coverage on shares of Sherwin-Williams (NYSE:SHWFree Report) in a research note released on Friday, MarketBeat.com reports. The brokerage issued a peer perform rating on the specialty chemicals company’s stock.

Other analysts have also issued research reports about the company. The Goldman Sachs Group increased their price objective on Sherwin-Williams from $295.00 to $335.00 and gave the company a buy rating in a research note on Thursday, December 14th. Northcoast Research raised Sherwin-Williams from a neutral rating to a buy rating and set a $360.00 price target on the stock in a research note on Tuesday, February 27th. StockNews.com lowered Sherwin-Williams from a buy rating to a hold rating in a research note on Thursday, February 29th. Barclays lifted their price objective 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. Finally, Evercore ISI raised their target price on Sherwin-Williams from $355.00 to $360.00 and gave the company an outperform rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $313.72.

Get Our Latest Analysis on Sherwin-Williams

Sherwin-Williams Stock Performance

Shares of SHW opened at $337.05 on Friday. The stock has a 50 day moving average price of $309.66 and a 200 day moving average price of $281.61. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $85.77 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.49 and a beta of 1.15. Sherwin-Williams has a 52-week low of $205.43 and a 52-week high of $337.49.

Sherwin-Williams (NYSE:SHWGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts predict that Sherwin-Williams will post 11.39 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Monday, February 26th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.85%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.61. The ex-dividend date is Friday, February 23rd. Sherwin-Williams’s payout ratio is presently 30.92%.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now owns 28,475 shares in the company, valued at $9,187,743.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Heidi G. Petz sold 6,699 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $290.24, for a total transaction of $1,944,317.76. Following the completion of the transaction, the chief operating officer now owns 14,718 shares of the company’s stock, valued at approximately $4,271,752.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary L. Garceau sold 23,518 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $322.66, for a total value of $7,588,317.88. Following the transaction, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at approximately $9,187,743.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,109 shares of company stock valued at $12,025,017. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Sherwin-Williams

Several large investors have recently made changes to their positions in SHW. Aspect Partners LLC acquired a new position in Sherwin-Williams in the 4th quarter valued at approximately $25,000. First United Bank & Trust acquired a new position in shares of Sherwin-Williams in the 4th quarter worth approximately $31,000. OFI Invest Asset Management acquired a new position in shares of Sherwin-Williams in the 3rd quarter worth approximately $25,000. Tortoise Investment Management LLC raised its holdings in shares of Sherwin-Williams by 158.5% in the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 65 shares in the last quarter. Finally, Union Savings Bank acquired a new position in shares of Sherwin-Williams in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 75.87% of the company’s stock.

Sherwin-Williams Company Profile

(Get Free Report)

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through 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.

Read More

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.