Sherwin-Williams (NYSE:SHW - Get Free Report) had its target price dropped by investment analysts at Wells Fargo & Company from $380.00 to $350.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the specialty chemicals company's stock. Wells Fargo & Company's price target indicates a potential upside of 2.60% from the stock's current price.
A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Citigroup dropped their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group reiterated a "hold" rating and issued a $380.00 target price (down from $423.00) on shares of Sherwin-Williams in a research note on Monday, March 10th. Morgan Stanley lowered their price target on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Finally, Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus price target of $393.31.
View Our Latest Research Report on SHW
Sherwin-Williams Stock Up 1.3 %
SHW traded up $4.36 during trading hours on Wednesday, hitting $341.13. 1,631,955 shares of the company's stock were exchanged, compared to its average volume of 1,934,575. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. Sherwin-Williams has a 1-year low of $282.09 and a 1-year high of $400.42. The stock's 50-day moving average is $347.47 and its two-hundred day moving average is $360.20. The stock has a market cap of $85.80 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.98 and a beta of 1.26.
Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the previous year, the business posted $1.81 earnings per share. Sell-side analysts predict that Sherwin-Williams will post 12 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the sale, the insider now directly owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company's stock.
Institutional Investors Weigh In On Sherwin-Williams
Several institutional investors and hedge funds have recently bought and sold shares of the company. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $26,000. Perkins Coie Trust Co acquired a new position in Sherwin-Williams during the first quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new stake in Sherwin-Williams during the fourth quarter worth $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at $28,000. Finally, Sierra Ocean LLC bought a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. Institutional investors own 77.67% of the company's stock.
Sherwin-Williams Company Profile
(
Get Free Report)
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.
See Also
Before you consider Sherwin-Williams, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sherwin-Williams wasn't on the list.
While Sherwin-Williams currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
