Royal Bank Of Canada Reiterates Outperform Rating for Sherwin-Williams (NYSE:SHW)

Sherwin-Williams (NYSE:SHW)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research note issued on Tuesday, Benzinga reports. They currently have a $420.00 price objective on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 27.62% from the company’s previous close.

Several other brokerages also recently weighed in on SHW. UBS Group reaffirmed a “neutral” rating and set a $390.00 target price on shares of Sherwin-Williams in a research note on Wednesday, July 29th. KeyCorp initiated coverage on Sherwin-Williams in a research note on Thursday, September 10th. They set a “sector weight” rating on the stock. DA Davidson set a $400.00 target price on Sherwin-Williams and gave the company a “buy” rating in a research note on Monday, August 24th. Berenberg Bank set a $380.00 target price on Sherwin-Williams in a research note on Monday, June 8th. Finally, JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and an average price target of $387.47.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock traded up $8.69 during trading on Tuesday, hitting $329.09. 1,843,720 shares of the stock were exchanged, compared to its average volume of 1,974,250. The stock’s fifty day moving average is $338.58 and its 200 day moving average is $327.73. The stock has a market cap of $79.89 billion, a PE ratio of 30.33, a P/E/G ratio of 2.45 and a beta of 1.09. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. Sherwin-Williams has a 12 month low of $289.86 and a 12 month high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, sell-side analysts anticipate that Sherwin-Williams will post 12.09 EPS for the current year.

Insider Activity

In related news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Justin Binns sold 13,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total value of $4,761,450.00. Following the transaction, the insider directly owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Sherwin-Williams during the second quarter worth $6,100,083,000. State Street Corp raised its position in shares of Sherwin-Williams by 2.4% during the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock worth $5,067,497,000 after purchasing an additional 364,832 shares during the period. Geode Capital Management LLC raised its position in shares of Sherwin-Williams by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock worth $1,687,498,000 after purchasing an additional 37,145 shares during the period. Norges Bank acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $1,089,450,000. Finally, Wellington Management Group LLP raised its position in shares of Sherwin-Williams by 133.7% during the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after purchasing an additional 1,593,009 shares during the period. Institutional investors own 77.67% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.