Sherwin-Williams (NYSE:SHW - Get Free Report) had its price target boosted by analysts at Jefferies Financial Group from $392.00 to $415.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the specialty chemicals company's stock. Jefferies Financial Group's target price indicates a potential upside of 15.06% from the stock's current price.
SHW has been the subject of a number of other reports. Robert W. Baird lifted their price objective on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. The Goldman Sachs Group boosted their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Morgan Stanley boosted their price target on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a "strong-buy" rating in a research note on Thursday, July 18th. Finally, Wells Fargo & Company lifted their price target on shares of Sherwin-Williams from $320.00 to $350.00 and gave the company an "equal weight" rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and a consensus target price of $358.16.
Check Out Our Latest Report on Sherwin-Williams
Sherwin-Williams Stock Performance
Sherwin-Williams stock traded up $1.96 during mid-day trading on Monday, reaching $360.69. The company's stock had a trading volume of 1,359,238 shares, compared to its average volume of 1,620,851. Sherwin-Williams has a 12-month low of $232.06 and a 12-month high of $363.13. The company has a market capitalization of $91.45 billion, a P/E ratio of 38.45, a PEG ratio of 2.79 and a beta of 1.16. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The firm's fifty day moving average price is $327.67 and its two-hundred day moving average price is $321.73.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.19. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business earned $3.29 EPS. Sell-side analysts predict that Sherwin-Williams will post 11.44 EPS for the current fiscal year.
Hedge Funds Weigh In On Sherwin-Williams
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of Sherwin-Williams by 1.3% in the 2nd quarter. Cetera Investment Advisers now owns 57,433 shares of the specialty chemicals company's stock valued at $17,140,000 after acquiring an additional 742 shares during the period. Ted Buchan & Co purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $267,000. Advisory Alpha LLC raised its stake in shares of Sherwin-Williams by 0.6% in the 2nd quarter. Advisory Alpha LLC now owns 5,585 shares of the specialty chemicals company's stock valued at $1,667,000 after acquiring an additional 36 shares during the period. Truist Financial Corp raised its stake in shares of Sherwin-Williams by 0.9% in the 2nd quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company's stock valued at $15,579,000 after acquiring an additional 446 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in Sherwin-Williams by 4.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company's stock worth $1,163,000 after buying an additional 166 shares during the period. 77.67% of the stock is currently owned by institutional investors and hedge funds.
About Sherwin-Williams
(Get Free Report)
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.
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