Sherwin-Williams (NYSE:SHW – Get Free Report) had its target price reduced by equities researchers at Royal Bank Of Canada from $392.00 to $383.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada‘s price target would suggest a potential upside of 16.25% from the company’s current price.
A number of other analysts have also recently commented on the stock. Mizuho set a $396.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Citigroup decreased their target price on Sherwin-Williams from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $353.00 price target on shares of Sherwin-Williams in a research note on Tuesday. Morgan Stanley reiterated an “overweight” rating and set a $395.00 price target (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Finally, Rothschild & Co Redburn increased their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $377.29.
Check Out Our Latest Report on Sherwin-Williams
Sherwin-Williams Stock Up 2.7%
NYSE:SHW traded up $8.66 during mid-day trading on Thursday, hitting $329.46. 2,370,587 shares of the company’s stock traded hands, compared to its average volume of 1,939,188. The company has a fifty day moving average of $330.16 and a 200 day moving average of $333.38. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. Sherwin-Williams has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a market capitalization of $79.98 billion, a P/E ratio of 30.36, a P/E/G ratio of 2.63 and a beta of 1.08.
Sherwin-Williams (NYSE:SHW – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 earnings per share for the quarter, missing the consensus estimate of $3.69 by ($0.06). Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.78 billion. During the same period in the prior year, the business posted $3.59 EPS. Sherwin-Williams’s revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that Sherwin-Williams will post 12.07 EPS for the current year.
Insiders Place Their Bets
In other news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the sale, the insider owned 21,937 shares in the company, valued at approximately $7,737,179.90. The trade was a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karl Jorgenrud sold 7,886 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider directly owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by insiders.
Hedge Funds Weigh In On Sherwin-Williams
A number of hedge funds have recently made changes to their positions in SHW. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sherwin-Williams during the 3rd quarter valued at about $32,371,000. Northern Financial Advisors Inc boosted its position in shares of Sherwin-Williams by 2.7% during the 3rd quarter. Northern Financial Advisors Inc now owns 2,283 shares of the specialty chemicals company’s stock worth $738,000 after acquiring an additional 60 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Sherwin-Williams by 4.5% in the 3rd quarter. ProShare Advisors LLC now owns 643,914 shares of the specialty chemicals company’s stock valued at $208,158,000 after purchasing an additional 27,650 shares during the last quarter. Blue Fin Capital Inc. raised its stake in Sherwin-Williams by 3.7% during the third quarter. Blue Fin Capital Inc. now owns 4,404 shares of the specialty chemicals company’s stock worth $1,424,000 after acquiring an additional 158 shares in the last quarter. Finally, Americana Partners LLC grew its holdings in shares of Sherwin-Williams by 0.5% during the 3rd quarter. Americana Partners LLC now owns 13,695 shares of the specialty chemicals company’s stock valued at $4,427,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.
Key Stories Impacting Sherwin-Williams
Here are the key news stories impacting Sherwin-Williams this week:
- Positive Sentiment: Management narrowed its FY26 adjusted EPS outlook range, potentially reducing uncertainty around the company’s earnings trajectory. The update followed the third-quarter report and appears to have provided some reassurance to investors. Sherwin-Williams Narrows FY26 Adjusted EPS Outlook Range
- Positive Sentiment: Third-quarter revenue rose 7.9% year over year to $6.86 billion, exceeding analysts’ expectations of $6.78 billion. Management also expects approximately $75 million in structural cost savings in 2027, which could support future margins and earnings growth. Sherwin-Williams Q3 2026 Earnings and Sales Growth
- Positive Sentiment: Sherwin-Williams continued its long record of shareholder returns, extending its dividend increase streak to 48 years. JPMorgan maintained an overweight rating, while UBS raised its price target to $370 and retained a neutral rating. UBS Sherwin-Williams Price Target Update
- Neutral Sentiment: Analyst target-price changes were mixed: JPMorgan reduced its target to $375 from $380, and DA Davidson cut its target to $390 from $400, while both firms’ targets remain above the current trading level. JPMorgan Sherwin-Williams Price Target Update
- Negative Sentiment: Adjusted third-quarter EPS was $3.63, below the $3.69 consensus estimate, as higher costs and margin pressure offset the revenue beat. The earnings disappointment caused the stock to gap lower and trade below its 200-day moving average, signaling continued near-term technical weakness. Sherwin-Williams Stock Breaks Below 200-Day Moving Average
About Sherwin-Williams
The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.
Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.
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