Moffett Nathanson assumed coverage on shares of Sherwin-Williams (NYSE:SHW) in a report published on Monday morning, Marketbeat reports. The brokerage issued a buy rating on the specialty chemicals company’s stock.
SHW has been the topic of a number of other reports. Robert W. Baird reissued a buy rating and set a $375.00 price target on shares of Sherwin-Williams in a report on Friday, September 1st. Morgan Stanley set a $425.00 price target on Sherwin-Williams and gave the company an overweight rating in a report on Wednesday, October 4th. KeyCorp reissued an overweight rating and set a $440.00 price target (up from $415.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Longbow Research reissued a buy rating and set a $440.00 price target (up from $400.00) on shares of Sherwin-Williams in a report on Monday, October 9th. Finally, Royal Bank Of Canada raised their price target on Sherwin-Williams from $390.00 to $423.00 and gave the company an outperform rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $402.32.
Sherwin-Williams (NYSE:SHW) opened at $401.19 on Monday. The company has a market capitalization of $38,053.62, a price-to-earnings ratio of 29.32, a PEG ratio of 2.27 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. Sherwin-Williams has a fifty-two week low of $263.89 and a fifty-two week high of $410.66.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.05. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period last year, the company earned $4.23 earnings per share. sell-side analysts predict that Sherwin-Williams will post 15.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.85%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.90%.
In related news, insider Robert J. Davisson sold 8,800 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the completion of the transaction, the insider now owns 14,812 shares in the company, valued at approximately $5,777,716.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Davisson sold 1,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $407.11, for a total value of $407,110.00. The disclosure for this sale can be found here. Insiders sold a total of 15,122 shares of company stock valued at $5,969,846 in the last quarter. 1.69% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. AXA lifted its stake in Sherwin-Williams by 0.9% in the 3rd quarter. AXA now owns 75,313 shares of the specialty chemicals company’s stock worth $26,965,000 after acquiring an additional 700 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Sherwin-Williams by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 58,466 shares of the specialty chemicals company’s stock worth $20,933,000 after acquiring an additional 459 shares in the last quarter. Crestwood Advisors Group LLC lifted its stake in Sherwin-Williams by 3.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 32,337 shares of the specialty chemicals company’s stock worth $11,578,000 after acquiring an additional 957 shares in the last quarter. Smith Shellnut Wilson LLC ADV lifted its stake in Sherwin-Williams by 24.3% in the 3rd quarter. Smith Shellnut Wilson LLC ADV now owns 1,212 shares of the specialty chemicals company’s stock worth $434,000 after acquiring an additional 237 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in Sherwin-Williams in the 3rd quarter worth about $380,000. Institutional investors and hedge funds own 75.99% of the company’s stock.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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