Sherwin-Williams (NYSE:SHW) Sets New 1-Year High at $358.88

The Sherwin-Williams Company (NYSE:SHW) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $358.88 and last traded at $358.01, with a volume of 253118 shares trading hands. The stock had previously closed at $355.34.

Analyst Ratings Changes

SHW has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets increased their price target on shares of Sherwin-Williams from $360.00 to $386.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Wells Fargo & Company upped their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Robert W. Baird lifted their price target on Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Finally, Citigroup dropped their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $355.00.

Sherwin-Williams Stock Performance

The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $90.29 billion, a P/E ratio of 38.16, a P/E/G ratio of 2.79 and a beta of 1.16. The business has a fifty day moving average price of $325.28 and a 200-day moving average price of $320.84.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate 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 return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 EPS. On average, sell-side analysts expect that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, August 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Hedge Funds Weigh In On Sherwin-Williams

Hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Sherwin-Williams by 5.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock valued at $77,510,000 after acquiring an additional 13,984 shares during the period. Waterloo Capital L.P. purchased a new stake in Sherwin-Williams in the fourth quarter valued at $360,000. Valeo Financial Advisors LLC grew its holdings in Sherwin-Williams by 7.9% during the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock worth $787,000 after acquiring an additional 193 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Sherwin-Williams by 7.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock valued at $532,000 after purchasing an additional 103 shares in the last quarter. Finally, Brevan Howard Capital Management LP raised its position in shares of Sherwin-Williams by 259.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after acquiring an additional 5,049 shares during the period. 77.67% of the stock is currently owned by institutional investors.

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.