Sherwin-Williams Co. (NYSE:SHW) has earned a consensus rating of “Buy” from the sixteen research firms that are presently covering the stock. Four research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $324.31.
A number of analysts have recently issued reports on SHW shares. Morgan Stanley restated a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, June 8th. Zacks Investment Research cut Sherwin-Williams from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. Seaport Global Securities cut Sherwin-Williams from an “accumulate” rating to a “neutral” rating and set a $320.00 price target on the stock. in a research report on Monday, July 11th. Robert W. Baird reiterated an “outperform” rating and issued a $330.00 price target on shares of Sherwin-Williams in a research report on Monday, July 25th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $335.00 price target on shares of Sherwin-Williams in a research report on Saturday, August 13th.
Shares of Sherwin-Williams (NYSE:SHW) opened at 281.92 on Monday. Sherwin-Williams has a 12 month low of $220.43 and a 12 month high of $312.48. The firm has a 50-day moving average of $284.31 and a 200 day moving average of $291.05. The firm has a market cap of $25.88 billion, a P/E ratio of 23.77 and a beta of 0.87.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, July 21st. The company reported $4.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.16 by $0.10. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.28 billion. Sherwin-Williams had a net margin of 9.50% and a return on equity of 110.16%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.70 earnings per share. On average, equities research analysts anticipate that Sherwin-Williams will post $12.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, August 17th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.84%.
In other news, insider Joel D. Baxter sold 3,853 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $300.16, for a total transaction of $1,156,516.48. Following the transaction, the insider now owns 8,347 shares of the company’s stock, valued at $2,505,435.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John G. Morikis sold 30,353 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $298.75, for a total value of $9,067,958.75. Following the transaction, the chief executive officer now directly owns 119,804 shares in the company, valued at approximately $35,791,445. The disclosure for this sale can be found here. Insiders own 1.89% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Nikko Asset Management Americas Inc. purchased a new position in shares of Sherwin-Williams during the first quarter valued at about $114,000. Monetary Management Group Inc. bought a new stake in Sherwin-Williams during the first quarter worth approximately $121,000. NN Investment Partners Holdings N.V. bought a new stake in Sherwin-Williams during the first quarter worth approximately $142,000. PineBridge Investments L.P. increased its stake in Sherwin-Williams by 109.7% in the second quarter. PineBridge Investments L.P. now owns 520 shares of the company’s stock worth $153,000 after buying an additional 272 shares in the last quarter. Finally, SevenBridge Financial Group LLC bought a new stake in Sherwin-Williams during the first quarter worth approximately $163,000. 74.62% of the stock is currently owned by institutional investors and hedge funds.
Sherwin-Williams Company Profile
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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