StockNews.com Downgrades Sherwin-Williams (NYSE:SHW) to Hold

Sherwin-Williams (NYSE:SHWGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other research analysts have also recently weighed in on SHW. Royal Bank of Canada lowered their price target on shares of Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Evercore ISI lifted their price target on shares of Sherwin-Williams from $355.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Robert W. Baird reiterated a “neutral” rating and issued a $300.00 price objective (up previously from $270.00) on shares of Sherwin-Williams in a report on Wednesday, January 3rd. Barclays increased their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company increased their price target on Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $311.22.

View Our Latest Stock Report on Sherwin-Williams

Sherwin-Williams Price Performance

NYSE:SHW opened at $311.74 on Friday. The company has a 50 day moving average price of $303.19 and a 200-day moving average price of $276.60. Sherwin-Williams has a 1-year low of $205.43 and a 1-year high of $314.14. The firm has a market cap of $79.80 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.14. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHWGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. The company had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Sherwin-Williams’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. Equities research analysts forecast that Sherwin-Williams will post 11.39 EPS for the current year.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, COO Heidi G. Petz sold 6,699 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $290.24, for a total value of $1,944,317.76. Following the transaction, the chief operating officer now directly owns 14,718 shares of the company’s stock, valued at approximately $4,271,752.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Mary L. Garceau sold 923 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $292.65, for a total value of $270,115.95. Following the transaction, the senior vice president now directly owns 21,363 shares in the company, valued at approximately $6,251,881.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Heidi G. Petz sold 6,699 shares of Sherwin-Williams stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $290.24, for a total value of $1,944,317.76. Following the completion of the transaction, the chief operating officer now directly owns 14,718 shares in the company, valued at $4,271,752.32. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SHW. First Hawaiian Bank increased its stake in Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after acquiring an additional 34 shares during the last quarter. Tsfg LLC raised its holdings in Sherwin-Williams by 4.7% in the 4th quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after purchasing an additional 34 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Sherwin-Williams by 5.5% in the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock worth $208,000 after buying an additional 35 shares during the period. Ellsworth Advisors LLC lifted its stake in shares of Sherwin-Williams by 0.9% in the 4th quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after purchasing an additional 36 shares during the period. Finally, Hutner Capital Management Inc. boosted its holdings in shares of Sherwin-Williams by 1.8% during the 2nd quarter. Hutner Capital Management Inc. now owns 2,062 shares of the specialty chemicals company’s stock valued at $548,000 after buying an additional 37 shares in the last quarter. 75.87% of the stock is currently owned by institutional investors and hedge funds.

About Sherwin-Williams

(Get Free Report)

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, 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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