StockNews.com Lowers Sherwin-Williams (NYSE:SHW) to Hold

Sherwin-Williams (NYSE:SHW) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

SHW has been the topic of a number of other research reports. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a research report on Monday, October 7th. Barclays increased their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. JPMorgan Chase & Co. upped their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI lowered their price objective on Sherwin-Williams from $410.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.29.

Sherwin-Williams Stock Down 0.5 %

SHW opened at $361.62 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The stock has a market cap of $91.69 billion, a PE ratio of 38.55, a P/E/G ratio of 2.89 and a beta of 1.17. The business’s fifty day simple moving average is $372.27 and its 200 day simple moving average is $335.73. Sherwin-Williams has a 52 week low of $232.06 and a 52 week high of $392.57.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the business posted $3.20 EPS. Sherwin-Williams’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts expect that Sherwin-Williams will post 11.32 earnings per share for the current fiscal year.

Insider Activity

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its stake in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 32 shares during the period. GHP Investment Advisors Inc. grew its stake in Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares in the last quarter. HHM Wealth Advisors LLC increased its holdings in Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares during the last quarter. Semmax Financial Advisors Inc. lifted its stake in Sherwin-Williams by 136.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares in the last quarter. Finally, VitalStone Financial LLC boosted its holdings in shares of Sherwin-Williams by 233.3% during the 2nd quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.