The Sherwin-Williams Company (NYSE:SHW) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Sherwin-Williams Company (NYSE:SHW) have earned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $387.60.

A number of brokerages have recently issued reports on SHW. Loop Capital reduced their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Mizuho reduced their price target on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. Bank of America raised Sherwin-Williams from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $296.00 to $375.00 in a research report on Thursday, August 14th. JPMorgan Chase & Co. reduced their price target on Sherwin-Williams from $390.00 to $378.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Finally, UBS Group reaffirmed a “buy” rating and set a $400.00 price target (up from $395.00) on shares of Sherwin-Williams in a research report on Monday.

Insider Buying and Selling at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company’s stock, valued at $132,081.95. This represents a 69.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Justin T. Binns sold 609 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the completion of the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sherwin-Williams

Several hedge funds have recently made changes to their positions in the company. Moors & Cabot Inc. boosted its holdings in Sherwin-Williams by 0.4% in the first quarter. Moors & Cabot Inc. now owns 9,016 shares of the specialty chemicals company’s stock valued at $3,148,000 after purchasing an additional 39 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in Sherwin-Williams in the first quarter valued at $515,000. Kingswood Wealth Advisors LLC boosted its holdings in Sherwin-Williams by 25.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,006 shares of the specialty chemicals company’s stock valued at $352,000 after purchasing an additional 201 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Sherwin-Williams in the first quarter valued at $306,000. Finally, Moody Lynn & Lieberson LLC boosted its holdings in Sherwin-Williams by 138.0% in the second quarter. Moody Lynn & Lieberson LLC now owns 20,402 shares of the specialty chemicals company’s stock valued at $7,005,000 after purchasing an additional 11,828 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Down 0.2%

Sherwin-Williams stock opened at $332.51 on Friday. The business has a fifty day moving average of $355.02 and a two-hundred day moving average of $348.40. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The firm has a market cap of $82.90 billion, a P/E ratio of 32.99, a P/E/G ratio of 2.77 and a beta of 1.20. Sherwin-Williams has a twelve month low of $308.84 and a twelve month high of $400.42.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, analysts forecast that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 15th. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

Sherwin-Williams Company Profile

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.