Royal Bank of Canada Lowers Sherwin-Williams (NYSE:SHW) Price Target to $415.00

Sherwin-Williams (NYSE:SHW) had its target price cut by research analysts at Royal Bank of Canada from $438.00 to $415.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 16.01% from the stock’s current price.

Several other analysts have also commented on the stock. Evercore ISI raised their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Zelman & Associates upgraded Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Mizuho reduced their price target on Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Finally, UBS Group restated an “underperform” rating on shares of Sherwin-Williams in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and an average price target of $400.00.

Sherwin-Williams Stock Performance

Shares of SHW stock opened at $357.72 on Monday. The stock has a market cap of $90.09 billion, a PE ratio of 33.91, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. Sherwin-Williams has a 52-week low of $282.09 and a 52-week high of $400.42. The business has a 50-day simple moving average of $358.81 and a 200-day simple moving average of $364.09. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same period in the prior year, the firm earned $1.81 earnings per share. On average, equities analysts expect that Sherwin-Williams will post 12.12 EPS for the current year.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

Several hedge funds and other institutional investors have recently bought and sold shares of SHW. Valued Wealth Advisors LLC boosted its holdings 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 valued at $26,000 after purchasing an additional 32 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams during the 4th quarter valued at approximately $26,000. First Personal Financial Services acquired a new position in Sherwin-Williams in the third quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new position in Sherwin-Williams in the third quarter worth approximately $32,000. Finally, GHP Investment Advisors Inc. increased 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 worth $33,000 after acquiring an additional 28 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company Profile

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.