Mizuho Lowers Sherwin-Williams (NYSE:SHW) Price Target to $408.00

Sherwin-Williams (NYSE:SHW) had its target price dropped by equities researchers at Mizuho from $435.00 to $408.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Mizuho’s price objective indicates a potential upside of 20.96% from the stock’s current price.

SHW has been the subject of several other research reports. Wells Fargo & Company boosted their target price on Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Royal Bank of Canada decreased their price target on Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Evercore ISI lifted their target price on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average target price of $402.25.

Sherwin-Williams Stock Up 0.9 %

SHW stock opened at $337.31 on Tuesday. 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 $368.31 and a 200 day simple moving average of $357.60. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The company has a market cap of $84.95 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. Sherwin-Williams’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.20 earnings per share. Sell-side analysts anticipate that Sherwin-Williams will post 11.32 EPS for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now directly owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in shares of Sherwin-Williams by 73.7% in the 2nd quarter. Private Advisor Group LLC now owns 19,425 shares of the specialty chemicals company’s stock worth $5,797,000 after purchasing an additional 8,239 shares during the period. Great Lakes Advisors LLC grew its holdings in Sherwin-Williams by 47.3% during the second quarter. Great Lakes Advisors LLC now owns 12,827 shares of the specialty chemicals company’s stock valued at $3,828,000 after purchasing an additional 4,119 shares during the period. Caprock Group LLC increased its holdings in Sherwin-Williams by 68.4% in the 2nd quarter. Caprock Group LLC now owns 5,818 shares of the specialty chemicals company’s stock worth $1,736,000 after acquiring an additional 2,364 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Sherwin-Williams by 17.6% in the second quarter. Ashton Thomas Private Wealth LLC now owns 1,527 shares of the specialty chemicals company’s stock worth $456,000 after purchasing an additional 228 shares in the last quarter. Finally, Wedbush Securities Inc. raised its holdings in Sherwin-Williams by 22.2% during the second quarter. Wedbush Securities Inc. now owns 3,572 shares of the specialty chemicals company’s stock valued at $1,066,000 after acquiring an additional 650 shares during the period. Institutional investors own 77.67% of the company’s stock.

About Sherwin-Williams

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.