Robert W. Baird Raises Sherwin-Williams (NYSE:SHW) Price Target to $325.00

Sherwin-Williams (NYSE:SHW) had its target price upped by Robert W. Baird from $310.00 to $325.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

A number of other equities analysts have also recently weighed in on SHW. JPMorgan Chase & Co. lowered their price target on Sherwin-Williams from $317.00 to $315.00 and set an overweight rating for the company in a report on Wednesday, April 24th. The Goldman Sachs Group increased their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a buy rating in a report on Wednesday. KeyCorp raised their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an overweight rating in a report on Wednesday. Mizuho lowered their target price on Sherwin-Williams from $340.00 to $334.00 and set a buy rating for the company in a report on Wednesday, April 24th. Finally, Evercore ISI raised their target price on Sherwin-Williams from $360.00 to $365.00 and gave the company an outperform rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $355.00.

Sherwin-Williams Stock Up 1.9 %

NYSE SHW opened at $349.22 on Wednesday. The business has a fifty day moving average price of $307.26 and a 200 day moving average price of $314.86. Sherwin-Williams has a one year low of $232.06 and a one year high of $351.99. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.46 and a current ratio of 0.81. The company has a market cap of $88.09 billion, a P/E ratio of 37.23, a P/E/G ratio of 2.75 and a beta of 1.16.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. The company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $3.29 EPS. Research analysts anticipate that Sherwin-Williams will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.715 per share. The ex-dividend date is Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.82%. Sherwin-Williams’s dividend payout ratio is presently 30.49%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. First United Bank & Trust purchased a new position in Sherwin-Williams during the 4th quarter worth approximately $31,000. Tortoise Investment Management LLC grew its stake in shares of Sherwin-Williams by 158.5% in the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $35,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $36,000. Finally, Friedenthal Financial purchased a new position in shares of Sherwin-Williams in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

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.