Sherwin-Williams (NYSE:SHW) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of Sherwin-Williams (NYSE:SHW) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Bank of America dropped their price objective on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Mizuho dropped their price objective on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Royal Bank Of Canada dropped their price objective on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Finally, Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $365.67.

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $300.24 on Wednesday. The company’s 50-day moving average is $318.45 and its 200 day moving average is $332.98. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The company has a market capitalization of $74.05 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 2.56 and a beta of 1.12. Sherwin-Williams has a fifty-two week low of $289.86 and a fifty-two week high of $379.65.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. On average, equities research analysts forecast that Sherwin-Williams will post 11.74 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.80 per share. The ex-dividend date is Friday, May 22nd. This represents a $3.20 annualized dividend and a dividend yield of 1.1%. Sherwin-Williams’s dividend payout ratio is currently 30.71%.

Institutional Investors Weigh In On Sherwin-Williams

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wilkerson Advisory Group LLC increased its position in shares of Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 50 shares during the period. Ares Financial Consulting LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $27,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams during the first quarter valued at about $28,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $30,000. 77.67% of the stock is currently owned by institutional investors.

About Sherwin-Williams

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.