2 weeks Ago By ABMN Staff
Sherwin-Williams ( NYSE:SHW – Free Report ) had its target price reduced by Morgan Stanley from $405.00 to $385.00 in a research note issued to investors on Tuesday morning, Benzinga reports.
They currently have an overweight rating on the specialty chemicals company’s stock. Several other brokerages have also recently weighed in on SHW. Citigroup reduced their price objective on Sherwin-Williams from $423.
00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group restated a “hold” rating and set a $380.
00 price target (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Mizuho set a $395.
00 price objective on shares of Sherwin-Williams in a research note on Tuesday, April 15th. JPMorgan Chase & Co. increased their target price on shares of Sherwin-Williams from $370.
00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the stock from $321.
00 to $420.00 in a research note on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $392.00.
View Our Latest Stock Analysis on SHW Sherwin-Williams Stock Performance Sherwin-Williams ( NYSE:SHW – Get Free Report ) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.
07 by $0.02. Sherwin-Williams had a net margin of 11.
61% and a return on equity of 74.50%. During the same period in the previous year, the firm earned $1.
81 EPS. As a group, equities analysts anticipate that Sherwin-Williams will post 12 earnings per share for the current fiscal year. Sherwin-Williams Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th.
Stockholders of record on Friday, May 16th will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, May 16th.
This represents a $3.16 annualized dividend and a dividend yield of 0.95%.
Sherwin-Williams’s dividend payout ratio is currently 29.95%. Insider Buying and Selling In other Sherwin-Williams news, insider Colin M.
Davie sold 2,799 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.
70. Following the transaction, the insider now owns 5,365 shares of the company’s stock, valued at approximately $1,933,009.50.
This trade represents a 34.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink .
0.60% of the stock is owned by insiders. Hedge Funds Weigh In On Sherwin-Williams Several institutional investors have recently bought and sold shares of SHW.
Midwest Capital Advisors LLC purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at $26,000. Perkins Coie Trust Co bought a new stake in Sherwin-Williams during the first quarter valued at about $27,000. Park Square Financial Group LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at about $27,000.
Lee Danner & Bass Inc. bought a new position in Sherwin-Williams in the fourth quarter worth about $28,000. Finally, Sierra Ocean LLC purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $36,000.
77.67% of the stock is owned by hedge funds and other institutional investors. Sherwin-Williams Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter .
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