The Sherwin-Williams Company (NYSE:SHW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The Sherwin-Williams Company (NYSE:SHW) have received an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $340.65.

Several equities research analysts have weighed in on the stock. Mizuho lowered their target price on shares of Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Loop Capital lowered their price objective on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Citigroup dropped their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. BMO Capital Markets decreased their price target on Sherwin-Williams from $377.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Finally, StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th.

Sherwin-Williams Price Performance

SHW opened at $322.35 on Thursday. The firm has a market capitalization of $81.73 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.69 and a beta of 1.16. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.46. The business’s 50-day moving average is $305.02 and its two-hundred day moving average is $313.73. Sherwin-Williams has a 1 year low of $232.06 and a 1 year high of $348.37.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 earnings per share. Research analysts anticipate that Sherwin-Williams will post 11.41 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $0.715 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.89%. Sherwin-Williams’s payout ratio is currently 30.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tsfg LLC lifted its holdings in shares of Sherwin-Williams by 4.7% in the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after buying an additional 34 shares during the period. Manchester Capital Management LLC grew its holdings in Sherwin-Williams by 5.5% during the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 35 shares during the period. Tealwood Asset Management Inc. raised its position in Sherwin-Williams by 0.7% during the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock valued at $1,706,000 after acquiring an additional 35 shares in the last quarter. Ellsworth Advisors LLC lifted its holdings in Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after acquiring an additional 36 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its position in Sherwin-Williams by 3.5% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,097 shares of the specialty chemicals company’s stock worth $342,000 after purchasing an additional 37 shares in the last quarter. 77.67% of the stock is currently 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.