Sherwin-Williams (NYSE:SHW) Lifted to “Overweight” at KeyCorp

KeyCorp upgraded shares of Sherwin-Williams (NYSE:SHW) from a sector weight rating to an overweight rating in a research report report published on Thursday, Marketbeat reports. They currently have $400.00 price target on the specialty chemicals company’s stock.

Several other analysts also recently issued reports on SHW. Mizuho reduced their price objective on Sherwin-Williams from $340.00 to $334.00 and set a buy rating on the stock in a research report on Wednesday. StockNews.com upgraded Sherwin-Williams from a hold rating to a buy rating in a research report on Friday, March 8th. Northcoast Research upgraded Sherwin-Williams from a neutral rating to a buy rating and set a $360.00 price objective on the stock in a research report on Tuesday, February 27th. Wells Fargo & Company upped their price objective 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. Finally, JPMorgan Chase & Co. reduced their price objective on Sherwin-Williams from $317.00 to $315.00 and set an overweight rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $341.39.

Sherwin-Williams Stock Up 0.5 %

SHW opened at $306.45 on Thursday. The business’s fifty day moving average is $328.05 and its two-hundred day moving average is $299.51. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.48 and a current ratio of 0.78. The company has a market cap of $77.98 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 2.47 and a beta of 1.15. Sherwin-Williams has a one year low of $221.76 and a one year high of $348.37.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Analysts anticipate that Sherwin-Williams will post 11.43 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a yield of 0.93%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Insiders Place Their Bets

In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sherwin-Williams news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,029,710.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Todd D. Rea sold 2,449 shares of the company’s stock in a transaction dated 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 owns 9,329 shares of the company’s stock, valued at $2,925,014.66. The disclosure for this sale can be found here. Insiders sold 32,050 shares of company stock worth $10,340,237 over the last three months. 0.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sherwin-Williams

A number of large investors have recently modified their holdings of the stock. NORTHSTAR ASSET MANAGEMENT Co LLC grew its stake in shares of Sherwin-Williams by 0.6% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 13,035 shares of the specialty chemicals company’s stock valued at $4,527,000 after buying an additional 75 shares in the last quarter. Renaissance Group LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at about $34,316,000. YHB Investment Advisors Inc. grew its stake in shares of Sherwin-Williams by 9.0% in the first quarter. YHB Investment Advisors Inc. now owns 1,414 shares of the specialty chemicals company’s stock valued at $491,000 after buying an additional 117 shares in the last quarter. SlateStone Wealth LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at about $1,103,000. Finally, First National Trust Co grew its stake in shares of Sherwin-Williams by 6.2% in the first quarter. First National Trust Co now owns 721 shares of the specialty chemicals company’s stock valued at $250,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

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.