2 weeks Ago By ABMN Staff
Sherwin-Williams ( NYSE:SHW – Free Report ) had its price target lifted by BMO Capital Markets from $400.00 to $425.00 in a research report released on Monday, Benzinga reports.
The brokerage currently has an outperform rating on the specialty chemicals company’s stock. Several other research analysts have also recently commented on the stock. Wells Fargo & Company increased their target price on shares of Sherwin-Williams from $320.
00 to $350.00 and gave the stock an equal weight rating in a report on Wednesday, July 24th. UBS Group increased their price target on shares of Sherwin-Williams from $375.
00 to $412.00 and gave the company a buy rating in a research note on Friday, August 30th. Morgan Stanley increased their price target on shares of Sherwin-Williams from $338.
00 to $375.00 and gave the company an overweight rating in a research note on Wednesday, July 24th. Robert W.
Baird increased their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a neutral rating in a research note on Wednesday, July 24th.
Finally, Evercore ISI increased their price target on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an outperform rating in a research note on Friday, August 30th.
One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $370.39.
Check Out Our Latest Stock Analysis on Sherwin-Williams Sherwin-Williams Stock Down 0.3 % Sherwin-Williams ( NYSE:SHW – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.
70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.19.
Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%.
The company had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion.
During the same quarter in the prior year, the firm earned $3.29 earnings per share. The firm’s revenue was up .
5% compared to the same quarter last year. As a group, equities research analysts predict that Sherwin-Williams will post 11.47 earnings per share for the current fiscal year.
Sherwin-Williams Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a $0.715 dividend.
The ex-dividend date was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.
75%. Sherwin-Williams’s payout ratio is currently 30.49%.
Insider Buying and Selling In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.
83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.
60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link . 0.
60% of the stock is owned by corporate insiders. Institutional Investors Weigh In On Sherwin-Williams Several hedge funds have recently added to or reduced their stakes in SHW. Conning Inc.
boosted its holdings in shares of Sherwin-Williams by 1.9% in the 2nd quarter. Conning Inc.
now owns 1,606 shares of the specialty chemicals company’s stock worth $479,000 after buying an additional 30 shares during the last quarter. Oxbow Advisors LLC boosted its holdings in shares of Sherwin-Williams by 4.5% in the 2nd quarter.
Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after buying an additional 30 shares during the last quarter. Global X Japan Co. Ltd.
lifted its holdings in Sherwin-Williams by 2.2% during the second quarter. Global X Japan Co.
Ltd. now owns 1,403 shares of the specialty chemicals company’s stock valued at $419,000 after purchasing an additional 30 shares during the last quarter. Optas LLC lifted its holdings in Sherwin-Williams by 1.
3% during the second quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after purchasing an additional 32 shares during the last quarter. Finally, Capital Advisors Ltd.
LLC lifted its holdings in Sherwin-Williams by 2.9% during the second quarter. Capital Advisors Ltd.
LLC now owns 1,173 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 33 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.
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.
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