The Sherwin-Williams Company (NYSE:SHW) Receives $388.44 Consensus Target Price from Analysts

Shares of The Sherwin-Williams Company (NYSE:SHW) have earned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $388.4375.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sherwin-Williams in a research note on Monday, December 29th. Royal Bank Of Canada set a $405.00 price target on shares of Sherwin-Williams and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Bank of America cut their price target on shares of Sherwin-Williams from $375.00 to $368.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Monday.

Hedge Funds Weigh In On Sherwin-Williams

Several large investors have recently modified their holdings of the business. Modera Wealth Management LLC lifted its position in Sherwin-Williams by 2.4% in the third quarter. Modera Wealth Management LLC now owns 1,257 shares of the specialty chemicals company’s stock valued at $435,000 after buying an additional 29 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of Sherwin-Williams by 0.6% during the fourth quarter. CoreCap Advisors LLC now owns 5,102 shares of the specialty chemicals company’s stock valued at $1,653,000 after acquiring an additional 29 shares during the last quarter. Sowell Financial Services LLC raised its stake in shares of Sherwin-Williams by 2.8% in the 4th quarter. Sowell Financial Services LLC now owns 1,057 shares of the specialty chemicals company’s stock valued at $343,000 after acquiring an additional 29 shares during the period. Richard W. Paul & Associates LLC lifted its holdings in shares of Sherwin-Williams by 1.6% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 1,885 shares of the specialty chemicals company’s stock worth $647,000 after acquiring an additional 30 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Sherwin-Williams by 1.4% in the 4th quarter. Mather Group LLC. now owns 2,118 shares of the specialty chemicals company’s stock worth $686,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 2.7%

SHW stock opened at $356.35 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 2.11. The firm has a 50-day moving average of $335.42 and a two-hundred day moving average of $343.67. Sherwin-Williams has a 12 month low of $308.84 and a 12 month high of $379.65. The company has a market cap of $88.34 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 4.28 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.21 billion. During the same period in the prior year, the business earned $3.37 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. As a group, analysts forecast that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Company Profile

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.