Barclays Cuts Sherwin-Williams (NYSE:SHW) Price Target to $355.00

Sherwin-Williams (NYSE:SHW - Get Free Report) had its price objective reduced by research analysts at Barclays from $385.00 to $355.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the specialty chemicals company's stock. Barclays's price target would indicate a potential upside of 6.96% from the company's previous close.

Several other analysts have also recently weighed in on SHW. Morgan Stanley decreased their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 28th. Mizuho reduced their price objective on Sherwin-Williams from $435.00 to $408.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Citigroup reissued a "buy" rating and set a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a report on Wednesday, February 26th. Finally, Jefferies Financial Group reaffirmed 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $398.94.

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Sherwin-Williams Price Performance

NYSE SHW traded down $8.74 on Tuesday, reaching $331.91. The company's stock had a trading volume of 4,337,001 shares, compared to its average volume of 1,748,173. The firm has a market cap of $83.48 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. Sherwin-Williams has a 52 week low of $282.09 and a 52 week high of $400.42. The business has a 50-day moving average price of $352.24 and a 200 day moving average price of $362.90.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 quarter in the prior year, the firm posted $1.81 earnings per share. Sell-side analysts expect that Sherwin-Williams will post 12 EPS for the current year.

Insider Buying and Selling

In related news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Institutional Trading of Sherwin-Williams

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Midwest Capital Advisors LLC bought a new stake in Sherwin-Williams during the fourth quarter worth $26,000. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $27,000. Lee Danner & Bass Inc. acquired a new stake in Sherwin-Williams in the fourth quarter valued at about $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams in the fourth quarter valued at about $36,000. Finally, WR Wealth Planners LLC raised its stake in Sherwin-Williams by 41.7% during the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after acquiring an additional 35 shares in the last quarter. 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.