2 weeks Ago By Defense World Staff
Sherwin-Williams (NYSE:SHW – Get Free Report) had its target price reduced by investment analysts at Morgan Stanley from $405.00 to $385.00 in a research report issued on Tuesday,Benzinga reports.
The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Morgan Stanley’s price target would suggest a potential upside of 16.18% from the company’s current price.
A number of other brokerages have also recently commented on SHW. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price target for the stock from $321.00 to $420.
00 in a research report on Friday, January 24th. Mizuho set a $395.00 target price on shares of Sherwin-Williams in a research report on Tuesday, April 15th.
UBS Group reduced their price target on shares of Sherwin-Williams from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, April 7th.
Royal Bank of Canada reduced their target price on Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd.
Finally, Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and an average price target of $391.25.View Our Latest Stock Report on SHWSherwin-Williams Price PerformanceNYSE:SHW opened at $331.
40 on Tuesday. Sherwin-Williams has a 52 week low of $282.09 and a 52 week high of $400.
42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.
46 and a current ratio of 0.79. The firm’s 50-day simple moving average is $343.
03 and its 200 day simple moving average is $357.95. The firm has a market cap of $83.
35 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 2.98 and a beta of 1.
26. Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.
09 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business earned $1.81 earnings per share. As a group, sell-side analysts predict that Sherwin-Williams will post 12 earnings per share for the current year.
Insider Activity at Sherwin-WilliamsIn other news, insider Colin M. Davie sold 2,799 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $360.
30, for a total value of $1,008,479.70. Following the transaction, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.
50. The trade was a 34.28 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Sherwin-WilliamsHedge funds have recently bought and sold shares of the company. GenTrust LLC acquired a new stake in Sherwin-Williams during the 1st quarter worth about $205,000. KPP Advisory Services LLC acquired a new stake in Sherwin-Williams during the first quarter worth approximately $200,000.
Nvest Financial LLC increased its holdings in Sherwin-Williams by 18.8% in the first quarter. Nvest Financial LLC now owns 5,707 shares of the specialty chemicals company’s stock worth $1,993,000 after purchasing an additional 904 shares in the last quarter.
Creative Financial Designs Inc. ADV lifted its stake in Sherwin-Williams by 12.1% in the first quarter.
Creative Financial Designs Inc. ADV now owns 869 shares of the specialty chemicals company’s stock valued at $304,000 after buying an additional 94 shares during the period. Finally, Value Partners Investments Inc.
grew its position in shares of Sherwin-Williams by 9.1% during the 1st quarter. Value Partners Investments Inc.
now owns 7,294 shares of the specialty chemicals company’s stock worth $2,549,000 after buying an additional 611 shares during the period. Institutional investors own 77.67% of the company’s stock.
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.Recommended StoriesFive stocks we like better than Sherwin-Williams3 Dividend Kings To ConsiderCan IBM’s Q1 Earnings Spark a Breakout for the Stock?Following Congress Stock TradesS&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?What Are Dividend Champions? How to Invest in the ChampionsFundamentally Sound, These 5 Stocks Sold Off Anyway.
