The Sherwin-Williams Company (NYSE:SHW) Given Average Recommendation of “Moderate Buy” by Analysts

The Sherwin-Williams Company (NYSE:SHW) has earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $385.9375.

Several analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating and issued a $415.00 price target (down previously from $422.00) on shares of Sherwin-Williams in a report on Monday, January 12th. Wells Fargo & Company set a $410.00 target price on Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their target price on Sherwin-Williams from $378.00 to $385.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Wednesday, January 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Monday.

Institutional Investors Weigh In On Sherwin-Williams

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Sherwin-Williams by 1.4% during the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock worth $7,838,532,000 after acquiring an additional 309,153 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Sherwin-Williams by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after purchasing an additional 90,482 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Sherwin-Williams by 9.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares during the last quarter. Norges Bank purchased a new stake in shares of Sherwin-Williams in the second quarter valued at $1,296,565,000. Finally, Capital Research Global Investors increased its stake in Sherwin-Williams by 0.3% in the third quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock valued at $1,188,698,000 after purchasing an additional 11,560 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

Sherwin-Williams Stock Down 0.7%

SHW opened at $348.19 on Monday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.52 and a current ratio of 0.82. The company has a market cap of $86.31 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 4.33 and a beta of 1.26. Sherwin-Williams has a one year low of $308.84 and a one year high of $379.65. The business’s fifty day moving average is $335.97 and its two-hundred day moving average is $343.73.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.15. Sherwin-Williams had a return on equity of 66.75% and a net margin of 11.05%.The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the previous year, the company posted $3.37 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Analysts anticipate that Sherwin-Williams will post 12 EPS for the current fiscal year.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.