Sherwin-Williams (NYSE:SHW) Price Target Lowered to $408.00 at Mizuho

Sherwin-Williams (NYSE:SHW - Free Report) had its price target trimmed by Mizuho from $435.00 to $408.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company's stock.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Robert W. Baird lifted their price objective on Sherwin-Williams from $350.00 to $360.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. UBS Group reiterated an "underperform" rating on shares of Sherwin-Williams in a research report on Friday, October 18th. Finally, BMO Capital Markets boosted their price target on shares of Sherwin-Williams from $400.00 to $425.00 and gave the stock an "outperform" rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $402.25.

Sherwin-Williams Price Performance

NYSE:SHW traded down $3.27 on Tuesday, reaching $334.55. 1,625,931 shares of the company's stock traded hands, compared to its average volume of 1,841,658. The firm has a market cap of $84.26 billion, a PE ratio of 33.32, a P/E/G ratio of 2.94 and a beta of 1.22. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The stock has a 50-day simple moving average of $369.35 and a 200-day simple moving average of $357.51. Sherwin-Williams has a 12 month low of $282.09 and a 12 month high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). The business had revenue of $6.16 billion during the quarter, compared to analysts' expectations of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.20 earnings per share. Equities research analysts forecast that Sherwin-Williams will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 15th were paid a $0.715 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a yield of 0.85%. Sherwin-Williams's payout ratio is 28.49%.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares of the company's stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares of the company's stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its holdings in Sherwin-Williams by 73.7% in the second quarter. Private Advisor Group LLC now owns 19,425 shares of the specialty chemicals company's stock worth $5,797,000 after purchasing an additional 8,239 shares in the last quarter. Great Lakes Advisors LLC lifted its position in Sherwin-Williams by 47.3% during the second quarter. Great Lakes Advisors LLC now owns 12,827 shares of the specialty chemicals company's stock valued at $3,828,000 after acquiring an additional 4,119 shares during the last quarter. Caprock Group LLC boosted its stake in Sherwin-Williams by 68.4% in the second quarter. Caprock Group LLC now owns 5,818 shares of the specialty chemicals company's stock valued at $1,736,000 after acquiring an additional 2,364 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Sherwin-Williams by 17.6% in the second quarter. Ashton Thomas Private Wealth LLC now owns 1,527 shares of the specialty chemicals company's stock worth $456,000 after purchasing an additional 228 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of Sherwin-Williams by 22.2% during the second quarter. Wedbush Securities Inc. now owns 3,572 shares of the specialty chemicals company's stock worth $1,066,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Company Profile

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.