Sherwin-Williams (NYSE:SHW) Upgraded at Guggenheim

Sherwin-Williams (NYSE:SHW) was upgraded by analysts at Guggenheim to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group set a $420.00 target price on Sherwin-Williams in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Sherwin-Williams from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $395.00 target price (up from $385.00) on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $405.00 price target (up from $391.00) on shares of Sherwin-Williams in a research report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average target price of $385.44.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $353.69 on Monday. Sherwin-Williams has a twelve month low of $289.86 and a twelve month high of $379.65. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The company has a 50-day moving average of $325.28 and a 200-day moving average of $332.12. The firm has a market cap of $85.86 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Analysts forecast that Sherwin-Williams will post 12.08 earnings per share for the current fiscal year.

Institutional Trading of Sherwin-Williams

A number of institutional investors have recently added to or reduced their stakes in the business. Wilkerson Advisory Group LLC lifted its stake in shares of Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Ares Financial Consulting LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth about $27,000. Whipplewood Advisors LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter valued at about $28,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $30,000. 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.