Wells Fargo & Company Cuts Sherwin-Williams (NYSE:SHW) Price Target to $350.00

Sherwin-Williams (NYSE:SHW) had its price target decreased by Wells Fargo & Company from $365.00 to $350.00 in a research report report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the specialty chemicals company’s stock.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada reduced their target price 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. Zacks Research upgraded Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft lowered Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective for the company. in a research note on Thursday, January 22nd. Vertical Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Wednesday, January 7th. Finally, UBS Group reduced their price objective on Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Ten 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.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus price target of $375.33.

Sherwin-Williams Stock Performance

SHW stock traded down $3.56 during midday trading on Wednesday, reaching $318.05. The stock had a trading volume of 1,378,344 shares, compared to its average volume of 1,565,390. The stock has a market cap of $78.67 billion, a PE ratio of 30.52, a P/E/G ratio of 2.84 and a beta of 1.27. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The firm has a fifty day simple moving average of $331.28 and a two-hundred day simple moving average of $338.04. Sherwin-Williams has a 52-week low of $301.58 and a 52-week high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The company had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, equities research analysts anticipate that Sherwin-Williams will post 11.74 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.71%.

Insider Transactions at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $359.50, for a total value of $1,069,872.00. Following the sale, the insider directly owned 5,365 shares in the company, valued at approximately $1,928,717.50. The trade was a 35.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Bryan J. Young sold 2,513 shares of Sherwin-Williams stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the completion of the sale, the senior vice president owned 10,045 shares in the company, valued at approximately $3,661,101.15. The trade was a 20.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sherwin-Williams

Institutional investors have recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams in the 4th quarter worth about $27,000. Ares Financial Consulting LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth about $27,000. Whipplewood Advisors LLC acquired a new stake in Sherwin-Williams in the 1st quarter worth about $28,000. Kemnay Advisory Services Inc. acquired a new stake in Sherwin-Williams in the 4th quarter worth about $30,000. Finally, Lodestone Wealth Management LLC acquired a new stake in Sherwin-Williams in the 4th quarter worth about $31,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

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.