The Sherwin-Williams Company (NYSE:SHW - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $329.91, but opened at $320.42. Sherwin-Williams shares last traded at $328.52, with a volume of 288,362 shares changing hands.
Analyst Ratings Changes
SHW has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a "hold" rating and set a $380.00 target price (down previously from $423.00) on shares of Sherwin-Williams in a research report on Monday, March 10th. Royal Bank of Canada dropped their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a research note on Friday, January 17th. Mizuho set a $395.00 price target on Sherwin-Williams in a report on Tuesday. Finally, Wells Fargo & Company decreased their price objective on shares of Sherwin-Williams from $380.00 to $350.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and a consensus price target of $392.50.
Check Out Our Latest Report on SHW
Sherwin-Williams Stock Performance
The firm has a market cap of $83.48 billion, a P/E ratio of 31.46, a PEG ratio of 2.98 and a beta of 1.26. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The stock's 50-day moving average is $346.45 and its 200 day moving average is $359.75.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts' consensus estimates 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 last year, the company earned $1.81 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.
Sherwin-Williams Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.95%. Sherwin-Williams's payout ratio is presently 29.95%.
Insider Buying and Selling at Sherwin-Williams
In related news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $360.30, for a total value of $1,008,479.70. Following the sale, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.
Institutional Trading of Sherwin-Williams
A number of institutional investors have recently made changes to their positions in the business. Legacy Capital Wealth Partners LLC lifted its position in Sherwin-Williams by 2.9% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,028 shares of the specialty chemicals company's stock worth $350,000 after buying an additional 29 shares in the last quarter. Apella Capital LLC boosted its position in Sherwin-Williams by 2.1% during the fourth quarter. Apella Capital LLC now owns 1,465 shares of the specialty chemicals company's stock valued at $498,000 after purchasing an additional 30 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in Sherwin-Williams by 0.8% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 3,742 shares of the specialty chemicals company's stock valued at $1,272,000 after purchasing an additional 30 shares in the last quarter. IMS Capital Management increased its position in shares of Sherwin-Williams by 2.4% during the 4th quarter. IMS Capital Management now owns 1,287 shares of the specialty chemicals company's stock worth $437,000 after purchasing an additional 30 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in shares of Sherwin-Williams by 2.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 77.67% of the company's stock.
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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