Sherwin-Williams (NYSE:SHW) Given New $315.00 Price Target at JPMorgan Chase & Co.

Sherwin-Williams (NYSE:SHW) had its price target decreased by JPMorgan Chase & Co. from $317.00 to $315.00 in a research report sent to investors on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the specialty chemicals company’s stock.

SHW has been the topic of a number of other research reports. UBS Group raised Sherwin-Williams from a neutral rating to a buy rating and increased their price target for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. StockNews.com raised Sherwin-Williams from a hold rating to a buy rating in a research report on Friday, March 8th. Wells Fargo & Company raised their target price on Sherwin-Williams from $310.00 to $320.00 and gave the stock an equal weight rating in a research report on Friday, January 26th. Wolfe Research initiated coverage on Sherwin-Williams in a research report on Friday, March 1st. They set a peer perform rating on the stock. Finally, Robert W. Baird raised their target price on Sherwin-Williams from $300.00 to $310.00 and gave the stock a neutral rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Sherwin-Williams presently has an average rating of Moderate Buy and an average target price of $333.39.

Sherwin-Williams Price Performance

SHW stock opened at $303.74 on Wednesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.78 and a quick ratio of 0.48. The firm has a market capitalization of $77.29 billion, a P/E ratio of 32.38, a P/E/G ratio of 2.39 and a beta of 1.15. The business’s 50-day moving average is $328.26 and its two-hundred day moving average is $298.77. Sherwin-Williams has a 1 year low of $221.76 and a 1 year high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. Sherwin-Williams’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.04 EPS. Analysts anticipate that Sherwin-Williams will post 11.46 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $0.715 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.94%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the transaction, the insider now directly owns 9,329 shares in the company, valued at approximately $2,925,014.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total value of $767,859.46. Following the sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now owns 14,564 shares in the company, valued at $4,935,302.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Sherwin-Williams

A number of institutional investors have recently modified their holdings of the business. First Hawaiian Bank boosted its stake in shares of 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 buying an additional 34 shares in the last quarter. Tsfg LLC raised its holdings in Sherwin-Williams by 4.7% during the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock worth $235,000 after purchasing an additional 34 shares during the last quarter. Manchester Capital Management LLC raised its holdings in Sherwin-Williams by 5.5% during the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 35 shares during the last quarter. Tealwood Asset Management Inc. raised its holdings in Sherwin-Williams by 0.7% during the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock worth $1,706,000 after purchasing an additional 35 shares during the last quarter. Finally, Ellsworth Advisors LLC raised its holdings in Sherwin-Williams by 0.9% during the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock worth $1,281,000 after purchasing an additional 36 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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.