Citigroup Forecasts Strong Price Appreciation for Sherwin-Williams (NYSE:SHW) Stock

Sherwin-Williams (NYSE:SHW) had its price target hoisted by research analysts at Citigroup from $355.00 to $380.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s price objective points to a potential upside of 14.08% from the stock’s current price.

SHW has been the topic of a number of other research reports. BMO Capital Markets set a $355.00 target price on Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Evercore reaffirmed an “outperform” rating on shares of Sherwin-Williams in a research note on Friday, May 8th. Weiss Ratings cut shares of Sherwin-Williams from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. UBS Group cut Sherwin-Williams from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $385.00 to $330.00 in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company lowered their price target on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $368.69.

Sherwin-Williams Trading Up 3.2%

Shares of NYSE:SHW traded up $10.20 on Wednesday, hitting $333.10. The company had a trading volume of 1,562,335 shares, compared to its average volume of 1,947,723. The firm’s 50-day simple moving average is $316.46 and its two-hundred day simple moving average is $330.99. The firm has a market capitalization of $82.16 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 2.74 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. Sherwin-Williams has a 1 year low of $289.86 and a 1 year high of $379.65.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The company had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the previous year, the company earned $2.25 earnings per share. Sherwin-Williams’s quarterly revenue was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities analysts anticipate that Sherwin-Williams will post 11.77 earnings per share for the current fiscal year.

Institutional Trading of Sherwin-Williams

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHW. Fideuram Asset Management Ireland dac bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at approximately $2,496,000. Mairs & Power Inc. boosted its stake in Sherwin-Williams by 0.7% during the third quarter. Mairs & Power Inc. now owns 464,043 shares of the specialty chemicals company’s stock worth $160,680,000 after buying an additional 3,430 shares during the period. Westview Management dba Westview Investment Advisors bought a new position in Sherwin-Williams during the fourth quarter valued at $2,655,000. Regents Gate Capital LLP raised its stake in shares of Sherwin-Williams by 51.9% in the third quarter. Regents Gate Capital LLP now owns 9,175 shares of the specialty chemicals company’s stock valued at $3,177,000 after acquiring an additional 3,134 shares during the period. Finally, Calamos Advisors LLC grew its holdings in Sherwin-Williams by 5.4% during the 4th quarter. Calamos Advisors LLC now owns 180,602 shares of the specialty chemicals company’s stock valued at $58,520,000 after purchasing an additional 9,196 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other 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.