Sherwin-Williams (NYSE:SHW - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Jefferies Financial Group in a research note issued on Monday, Marketbeat reports. They presently have a $380.00 price target on the specialty chemicals company's stock, down from their prior price target of $423.00. Jefferies Financial Group's target price would suggest a potential upside of 8.51% from the stock's previous close.
Several other research analysts have also weighed in on SHW. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a research note on Friday, January 31st. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Royal Bank of Canada dropped their price target on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, Citigroup restated a "buy" rating and set a $423.00 price target (up previously from $418.00) on shares of Sherwin-Williams in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $401.13.
Read Our Latest Stock Analysis on Sherwin-Williams
Sherwin-Williams Stock Down 0.8 %
Sherwin-Williams stock traded down $2.81 during trading hours on Monday, hitting $350.21. The company had a trading volume of 1,409,000 shares, compared to its average volume of 1,612,006. The firm has a market capitalization of $88.08 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm's fifty day moving average is $353.57 and its 200-day moving average is $365.85. Sherwin-Williams has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released 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 net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the firm posted $1.81 EPS. On average, research analysts forecast that Sherwin-Williams will post 12 earnings per share for the current year.
Insider Buying and Selling at Sherwin-Williams
In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total value of $1,008,479.70. Following the completion of the sale, the insider now directly owns 5,365 shares of the company's stock, valued at $1,933,009.50. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company's stock.
Institutional Trading of Sherwin-Williams
A number of hedge funds have recently bought and sold shares of the stock. Capstone Triton Financial Group LLC boosted its holdings in Sherwin-Williams by 2.4% in the 4th quarter. Capstone Triton Financial Group LLC now owns 3,747 shares of the specialty chemicals company's stock valued at $1,274,000 after purchasing an additional 89 shares during the period. Mattson Financial Services LLC bought a new stake in Sherwin-Williams in the 4th quarter valued at $913,000. Siemens Fonds Invest GmbH raised its stake in shares of Sherwin-Williams by 4.8% in the 4th quarter. Siemens Fonds Invest GmbH now owns 8,929 shares of the specialty chemicals company's stock valued at $3,025,000 after buying an additional 406 shares in the last quarter. Cim LLC raised its stake in shares of Sherwin-Williams by 0.6% in the 4th quarter. Cim LLC now owns 7,328 shares of the specialty chemicals company's stock valued at $2,491,000 after buying an additional 42 shares in the last quarter. Finally, Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $27,000. 77.67% of the stock is owned by institutional investors.
About Sherwin-Williams
(
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.
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