Loop Capital Cuts Sherwin-Williams (NYSE:SHW) Price Target to $380.00

Sherwin-Williams (NYSE:SHW) had its price objective decreased by investment analysts at Loop Capital from $395.00 to $380.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Loop Capital’s price target suggests a potential upside of 25.68% from the company’s current price.

Several other research firms also recently issued reports on SHW. Seaport Res Ptn downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Evercore ISI reduced their price objective on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Northcoast Research raised Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 target price for the company in a report on Tuesday, February 27th. JPMorgan Chase & Co. increased their price target on shares of Sherwin-Williams from $285.00 to $317.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Barclays lifted their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $329.56.

Sherwin-Williams Trading Down 2.2 %

Shares of NYSE:SHW opened at $302.36 on Wednesday. The business’s 50-day moving average is $328.40 and its 200 day moving average is $298.73. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. Sherwin-Williams has a 1 year low of $221.76 and a 1 year high of $348.37. The firm has a market capitalization of $76.94 billion, a P/E ratio of 32.69, a P/E/G ratio of 2.45 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a return on equity of 74.72% and a net margin of 10.36%. Sherwin-Williams’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 EPS. On average, research analysts predict that Sherwin-Williams will post 11.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,029,710.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Gregory P. Sofish sold 1,830 shares of Sherwin-Williams stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at $2,029,710.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mary L. Garceau sold 23,518 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the completion of the transaction, the senior vice president now directly owns 28,475 shares of the company’s stock, valued at $9,187,743.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,050 shares of company stock worth $10,340,237. Company insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Sherwin-Williams by 16.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,568 shares of the specialty chemicals company’s stock worth $12,132,000 after buying an additional 6,639 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Sherwin-Williams during the fourth quarter worth $38,444,000. Machina Capital S.A.S. raised its position in Sherwin-Williams by 149.0% in the third quarter. Machina Capital S.A.S. now owns 9,695 shares of the specialty chemicals company’s stock valued at $2,473,000 after purchasing an additional 5,801 shares during the period. AIA Group Ltd lifted its stake in shares of Sherwin-Williams by 20.8% in the 4th quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock valued at $5,088,000 after purchasing an additional 2,810 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth $4,517,000. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Company Profile

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.