Sherwin-Williams (NYSE:SHW) PT Lowered to $225.00 at Credit Suisse Group

Sherwin-Williams (NYSE:SHWGet Rating) had its price objective cut by Credit Suisse Group from $245.00 to $225.00 in a research report sent to investors on Thursday, The Fly reports. They currently have a maintains rating on the specialty chemicals company’s stock.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada lifted their price target on Sherwin-Williams from $315.00 to $342.00 in a research note on Thursday, April 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Sherwin-Williams from $330.00 to $315.00 in a research note on Thursday, April 28th. Bank of America downgraded Sherwin-Williams from a buy rating to a neutral rating and lowered their price objective for the company from $313.00 to $292.00 in a research report on Wednesday, July 13th. Northcoast Research upgraded Sherwin-Williams from a neutral rating to a buy rating and set a $300.00 price objective for the company in a research report on Tuesday, July 12th. Finally, Loop Capital boosted their price objective on Sherwin-Williams from $300.00 to $315.00 in a research report on Wednesday, April 27th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Sherwin-Williams currently has an average rating of Moderate Buy and a consensus price target of $305.55.

Sherwin-Williams Trading Down 0.5 %

Shares of SHW stock opened at $241.94 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 3.85. The business has a 50-day moving average price of $246.19 and a two-hundred day moving average price of $259.57. Sherwin-Williams has a 12-month low of $214.22 and a 12-month high of $354.15. The firm has a market cap of $62.94 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06.

Sherwin-Williams (NYSE:SHWGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.37). Sherwin-Williams had a return on equity of 80.22% and a net margin of 9.00%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same period last year, the firm earned $2.65 EPS. The company’s revenue for the quarter was down 46.6% on a year-over-year basis. Equities analysts anticipate that Sherwin-Williams will post 9.46 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 19th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, August 18th. Sherwin-Williams’s dividend payout ratio is presently 34.99%.

Insider Transactions at Sherwin-Williams

In other news, insider Justin T. Binns sold 1,542 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $259.99, for a total value of $400,904.58. Following the sale, the insider now directly owns 6,877 shares of the company’s stock, valued at approximately $1,787,951.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Institutional Trading of Sherwin-Williams

A number of hedge funds and other institutional investors have recently modified their holdings of SHW. Amplius Wealth Advisors LLC purchased a new stake in Sherwin-Williams during the 4th quarter valued at about $25,000. Rational Advisors LLC increased its position in shares of Sherwin-Williams by 126.5% during the fourth quarter. Rational Advisors LLC now owns 77 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 43 shares in the last quarter. GoalVest Advisory LLC increased its position in shares of Sherwin-Williams by 76.0% during the second quarter. GoalVest Advisory LLC now owns 132 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 57 shares in the last quarter. TCI Wealth Advisors Inc. raised its holdings in Sherwin-Williams by 257.5% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 143 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 103 shares during the last quarter. Finally, Investors Research Corp purchased a new stake in Sherwin-Williams during the 2nd quarter valued at $32,000. 77.35% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Company Profile

(Get Rating)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.

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