Sherwin-Williams (NYSE:SHW) Raised to Strong-Buy at DA Davidson

Sherwin-Williams (NYSE:SHW) was upgraded by equities research analysts at DA Davidson to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

SHW has been the topic of a number of other reports. UBS Group reissued a “neutral” rating and issued a $390.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their price target on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a $375.00 price target on shares of Sherwin-Williams in a research note on Tuesday, July 28th. Finally, The Goldman Sachs Group set a $420.00 price objective on Sherwin-Williams in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $386.29.

Sherwin-Williams Stock Up 1.0%

NYSE SHW opened at $350.27 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. Sherwin-Williams has a 52 week low of $289.86 and a 52 week high of $377.77. The firm has a market capitalization of $85.03 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.58 and a beta of 1.10. The company has a fifty day moving average of $341.24 and a two-hundred day moving average of $332.43.

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 business had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, analysts predict that Sherwin-Williams will post 12.08 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Justin T. Binns sold 13,500 shares of Sherwin-Williams stock in a transaction that occurred on 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 owned 21,937 shares of the company’s stock, valued at $7,737,179.90. The trade was a 38.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the sale, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. The trade was a 39.77% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sherwin-Williams

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in Sherwin-Williams by 33,736.2% in the 2nd quarter. California State Teachers Retirement System now owns 133,250,118 shares of the specialty chemicals company’s stock worth $45,880,681,000 after buying an additional 132,856,309 shares during the period. BlackRock Inc. purchased a new position in Sherwin-Williams during the second quarter valued at approximately $6,100,083,000. Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $1,089,450,000. Wellington Management Group LLP lifted its stake in shares of Sherwin-Williams by 133.7% in the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock valued at $958,821,000 after purchasing an additional 1,593,009 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Sherwin-Williams in the second quarter valued at $547,097,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

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.