Sherwin-Williams (NYSE:SHW) Sets New 12-Month High at $379.57

The Sherwin-Williams Company (NYSE:SHW)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $379.57 and last traded at $378.06, with a volume of 153628 shares traded. The stock had previously closed at $375.40.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SHW. Jefferies Financial Group upped their target price on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. UBS Group increased their price objective on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research note on Friday, August 30th. BMO Capital Markets reissued an “outperform” rating and issued a $400.00 target price (up previously from $386.00) on shares of Sherwin-Williams in a research report on Wednesday, September 4th. Wells Fargo & Company increased their price target 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. Finally, KeyCorp boosted their price objective on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $362.68.

Sherwin-Williams Trading Up 0.9 %

The company’s 50 day moving average price is $346.75 and its 200 day moving average price is $326.70. The company has a market cap of $95.52 billion, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the previous year, the business earned $3.29 EPS. The business’s revenue was up .5% on a year-over-year basis. Research analysts anticipate that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $0.715 per share. The ex-dividend date was Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.76%. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.49%.

Insider Activity

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the 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 transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at $23,301,041.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Sherwin-Williams

Large investors have recently bought and sold shares of the business. Waterloo Capital L.P. acquired a new stake in Sherwin-Williams in the fourth quarter worth $360,000. Valeo Financial Advisors LLC raised its holdings in shares of 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 raised its holdings in shares of Sherwin-Williams by 7.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock worth $532,000 after acquiring an additional 103 shares during the period. Brevan Howard Capital Management LP raised its holdings in shares of Sherwin-Williams by 259.1% during 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. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Sherwin-Williams by 24.1% during the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock worth $2,329,000 after acquiring an additional 1,514 shares during the period. 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.