Sherwin-Williams (NYSE:SHW) Price Target Cut to $380.00 by Analysts at UBS Group

Sherwin-Williams (NYSE:SHW) had its price target cut by analysts at UBS Group from $420.00 to $380.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. UBS Group’s price objective would indicate a potential upside of 19.44% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a report on Friday, March 27th. Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research note on Wednesday, January 7th. Mizuho lowered their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Finally, Royal Bank Of Canada dropped their price target on Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $383.23.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded down $7.56 during trading on Thursday, reaching $318.14. 953,957 shares of the company’s stock were exchanged, compared to its average volume of 1,812,815. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.53 and a current ratio of 0.87. Sherwin-Williams has a 1-year low of $301.58 and a 1-year high of $379.65. The company has a market cap of $78.70 billion, a P/E ratio of 30.99, a PEG ratio of 2.78 and a beta of 1.27. The firm’s 50-day moving average price is $343.60 and its 200 day moving average price is $339.94.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.07. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.Sherwin-Williams’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $2.09 earnings per share. As a group, research analysts anticipate that Sherwin-Williams will post 12 earnings per share for the current year.

Insider Buying and Selling

In other Sherwin-Williams news, SVP Bryan J. Young sold 2,513 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the transaction, the senior vice president directly owned 10,045 shares in the company, valued at approximately $3,661,101.15. This represents a 20.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Colin M. Davie sold 2,976 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ares Financial Consulting LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams during the 4th quarter valued at approximately $27,000. Kemnay Advisory Services Inc. bought a new position in Sherwin-Williams during the 4th quarter worth approximately $30,000. Lodestone Wealth Management LLC bought a new position in Sherwin-Williams during the 4th quarter worth approximately $31,000. Finally, Rossby Financial LCC lifted its position in shares of Sherwin-Williams by 96.0% in the 3rd quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 48 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.