Wells Fargo & Company Lowers Sherwin-Williams (NYSE:SHW) Price Target to $380.00

Sherwin-Williams (NYSE:SHW - Get Free Report) had its target price decreased by analysts at Wells Fargo & Company from $400.00 to $380.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the specialty chemicals company's stock. Wells Fargo & Company's target price would indicate a potential upside of 14.49% from the company's previous close.

SHW has been the topic of a number of other reports. Royal Bank of Canada decreased their price target on Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. Berenberg Bank raised Sherwin-Williams from a "hold" rating to a "buy" rating and boosted their price target for the stock from $321.00 to $420.00 in a report on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Citigroup reiterated a "buy" rating and set a $423.00 price objective (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Finally, Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $398.94.

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Sherwin-Williams Stock Performance

NYSE SHW traded down $8.74 during trading hours on Thursday, hitting $331.91. The company's stock had a trading volume of 4,337,001 shares, compared to its average volume of 1,751,685. Sherwin-Williams has a 12 month low of $282.09 and a 12 month high of $400.42. The company's 50 day simple moving average is $352.24 and its two-hundred day simple moving average is $362.80. 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 company has a market cap of $83.48 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the business earned $1.81 EPS. As a group, sell-side analysts expect that Sherwin-Williams will post 12 EPS for the current fiscal year.

Insider Activity at Sherwin-Williams

In other news, insider Colin M. Davie sold 2,799 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 5,365 shares of the company's stock, valued at approximately $1,933,009.50. This represents a 34.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Sherwin-Williams

A number of hedge funds and other institutional investors have recently bought and sold shares of SHW. Midwest Capital Advisors LLC purchased a new position in Sherwin-Williams in the 4th quarter worth about $26,000. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at approximately $27,000. Lee Danner & Bass Inc. purchased a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $28,000. Sierra Ocean LLC bought a new position in Sherwin-Williams in the fourth quarter worth approximately $36,000. Finally, WR Wealth Planners LLC increased its holdings in Sherwin-Williams by 41.7% during the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company's stock worth $40,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 77.67% of the company's stock.

About Sherwin-Williams

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.