Research Analysts’ Weekly Ratings Changes for Sherwin-Williams (SHW)

Several brokerages have updated their recommendations and price targets on shares of Sherwin-Williams (NYSE: SHW) in the last few weeks:

• 8/30/2024 – Sherwin-Williams had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $418.00 price target on the stock.
• 8/30/2024 – Sherwin-Williams had its price target raised by analysts at Evercore ISI from $365.00 to $380.00. They now have an “outperform” rating on the stock.
• 8/30/2024 – Sherwin-Williams had its price target raised by analysts at UBS Group AG from $375.00 to $412.00. They now have a “buy” rating on the stock.
• 8/26/2024 – Sherwin-Williams had its price target raised by analysts at Jefferies Financial Group Inc. from $392.00 to $415.00. They now have a “buy” rating on the stock.
• 7/24/2024 – Sherwin-Williams had its price target raised by analysts at Morgan Stanley from $338.00 to $375.00. They now have an “overweight” rating on the stock.
• 7/24/2024 – Sherwin-Williams had its price target raised by analysts at KeyCorp from $400.00 to $410.00. They now have an “overweight” rating on the stock.
• 7/24/2024 – Sherwin-Williams had its price target raised by analysts at Royal Bank of Canada from $370.00 to $418.00. They now have an “outperform” rating on the stock.
• 7/24/2024 – Sherwin-Williams had its price target raised by analysts at Evercore ISI from $360.00 to $365.00. They now have an “outperform” rating on the stock.
• 7/24/2024 – Sherwin-Williams had its price target raised by analysts at BMO Capital Markets from $360.00 to $386.00. They now have an “outperform” rating on the stock.
• 7/24/2024 – Sherwin-Williams had its price target raised by analysts at Robert W. Baird from $310.00 to $325.00. They now have a “neutral” rating on the stock.
• 7/24/2024 – Sherwin-Williams had its price target raised by analysts at Barclays PLC from $315.00 to $355.00. They now have an “equal weight” rating on the stock.
• 7/24/2024 – Sherwin-Williams had its price target raised by analysts at Wells Fargo & Company from $320.00 to $350.00. They now have an “equal weight” rating on the stock.
• 7/24/2024 – Sherwin-Williams had its price target raised by analysts at The Goldman Sachs Group, Inc. from $344.00 to $390.00. They now have a “buy” rating on the stock.
• 7/18/2024 – Sherwin-Williams was upgraded by analysts at Redburn Atlantic to a “strong-buy” rating.
• 7/9/2024 – Sherwin-Williams had its price target lowered by analysts at UBS Group AG from $385.00 to $355.00. They now have a “buy” rating on the stock.

Sherwin-Williams Price Performance

SHW traded up $8.76 on Monday, reaching $369.37. The company had a trading volume of 1,882,200 shares, compared to its average volume of 1,613,608. The business has a 50 day simple moving average of $332.64 and a 200 day simple moving average of $323.21. The company has a market cap of $93.65 billion, a price-to-earnings ratio of 39.38, a P/E/G ratio of 2.90 and a beta of 1.16. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $370.27.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period last year, the company earned $3.29 EPS. Sherwin-Williams’s revenue for the quarter was up .5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be issued a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Hedge Funds Weigh In On Sherwin-Williams

A number of institutional investors and hedge funds have recently modified their holdings of SHW. Savant Capital LLC lifted its holdings in shares of Sherwin-Williams by 4.4% in the 4th quarter. Savant Capital LLC now owns 1,943 shares of the specialty chemicals company’s stock worth $606,000 after buying an additional 82 shares during the period. Summit Global Investments bought a new position in shares of Sherwin-Williams in the 4th quarter worth $293,000. Legacy Financial Advisors Inc. raised its position in shares of Sherwin-Williams by 14.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,110 shares of the specialty chemicals company’s stock worth $346,000 after acquiring an additional 136 shares in the last quarter. W.H. Cornerstone Investments Inc. raised its position in shares of Sherwin-Williams by 4.2% in the 4th quarter. W.H. Cornerstone Investments Inc. now owns 3,283 shares of the specialty chemicals company’s stock worth $1,024,000 after acquiring an additional 133 shares in the last quarter. Finally, Spire Wealth Management raised its position in shares of Sherwin-Williams by 16.0% in the 4th quarter. Spire Wealth Management now owns 19,591 shares of the specialty chemicals company’s stock worth $5,956,000 after acquiring an additional 2,698 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.