BMO Capital Markets Reiterates “Outperform” Rating for Sherwin-Williams (NYSE:SHW)

Sherwin-Williams (NYSE:SHW)‘s stock had its “outperform” rating reiterated by BMO Capital Markets in a report issued on Wednesday, Benzinga reports. They presently have a $400.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $386.00. BMO Capital Markets’ target price indicates a potential upside of 9.57% from the stock’s current price.

Other research analysts have also issued research reports about the company. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. Wells Fargo & Company lifted their price target on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. Morgan Stanley upped their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group lifted their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, UBS Group upped their price target on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $362.68.

Sherwin-Williams Stock Up 0.4 %

SHW traded up $1.33 during trading on Wednesday, reaching $365.08. 132,063 shares of the stock traded hands, compared to its average volume of 1,603,908. The stock’s 50-day simple moving average is $335.40 and its two-hundred day simple moving average is $324.00. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. Sherwin-Williams has a fifty-two week low of $232.06 and a fifty-two week high of $371.19. The stock has a market cap of $92.10 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 2.90 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.29 EPS. As a group, equities research analysts expect that Sherwin-Williams will post 11.47 EPS for the current year.

Institutional Investors Weigh In On Sherwin-Williams

A number of hedge funds and other institutional investors have recently bought and sold shares of SHW. HHM Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares in the last quarter. First United Bank & Trust bought a new position in shares of Sherwin-Williams in the fourth quarter worth about $31,000. Semmax Financial Advisors Inc. increased its holdings in shares of Sherwin-Williams by 136.4% in the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares in the last quarter. Tortoise Investment Management LLC raised its position in 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 purchasing an additional 65 shares during the last quarter. Finally, VitalStone Financial LLC lifted its holdings in Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares in the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.