Sherwin-Williams (NYSE:SHW) Coverage Initiated by Analysts at Melius Research

Melius Research initiated coverage on shares of Sherwin-Williams (NYSE:SHW) in a report released on Tuesday, MarketBeat Ratings reports. The firm issued a hold rating and a $367.00 price objective on the specialty chemicals company’s stock.

Several other analysts also recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and set a $375.00 target price on shares of Sherwin-Williams in a research note on Tuesday, July 28th. The Goldman Sachs Group set a $420.00 price target on Sherwin-Williams in a research report on Wednesday, July 29th. UBS Group set a $363.00 price target on Sherwin-Williams and gave the stock a “neutral” rating in a report on Monday. KeyCorp started coverage on Sherwin-Williams in a research report on Thursday, September 10th. They issued a “sector weight” rating for the company. Finally, Weiss Ratings downgraded shares of Sherwin-Williams from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $384.83.

Sherwin-Williams Stock Performance

Shares of SHW opened at $321.53 on Tuesday. The company has a market capitalization of $78.05 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.08. Sherwin-Williams has a one year low of $289.86 and a one year high of $377.77. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.73 and a quick ratio of 0.46. The company’s fifty day moving average price is $338.50 and its 200 day moving average price is $327.85.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, analysts expect that Sherwin-Williams will post 12.09 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 21st were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $3.20 annualized dividend and a yield of 1.0%. Sherwin-Williams’s dividend payout ratio is 29.49%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Karl Jorgenrud sold 7,886 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the sale, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the sale, the insider directly owned 21,937 shares in the company, valued at $7,737,179.90. The trade was a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHW. Eastern Bank boosted its holdings in Sherwin-Williams by 50.6% during the third quarter. Eastern Bank now owns 134 shares of the specialty chemicals company’s stock valued at $43,000 after purchasing an additional 45 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Sherwin-Williams by 4.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,181 shares of the specialty chemicals company’s stock worth $382,000 after buying an additional 47 shares in the last quarter. Polaris Financial Partners bought a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $147,000. CX Institutional lifted its position in shares of Sherwin-Williams by 2.2% during the 3rd quarter. CX Institutional now owns 3,329 shares of the specialty chemicals company’s stock worth $1,076,000 after buying an additional 72 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Sherwin-Williams by 43.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,612 shares of the specialty chemicals company’s stock valued at $521,000 after buying an additional 488 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.

Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.