Sherwin-Williams (NYSE:SHW) Given New $405.00 Price Target at Morgan Stanley

Sherwin-Williams (NYSE:SHW) had its price objective decreased by Morgan Stanley from $450.00 to $405.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the specialty chemicals company’s stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and raised their price objective for the stock from $321.00 to $420.00 in a report on Friday, January 24th. Finally, StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.65.

Sherwin-Williams Price Performance

SHW opened at $365.83 on Tuesday. The company has a fifty day simple moving average of $360.59 and a 200 day simple moving average of $363.04. The firm has a market cap of $92.13 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.78 and a beta of 1.22. Sherwin-Williams has a twelve month low of $282.09 and a twelve month high of $400.42. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. During the same quarter last year, the business posted $1.81 earnings per share. Equities research analysts expect that Sherwin-Williams will post 11.32 EPS for the current fiscal year.

Insider Activity at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. This trade represents a 28.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction dated 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 sale, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Sherwin-Williams

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Valued Wealth Advisors LLC raised its position in shares of Sherwin-Williams by 88.9% during the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares in the last quarter. First Personal Financial Services bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $29,000. FSA Wealth Management LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $32,000. GHP Investment Advisors Inc. raised its position in shares of Sherwin-Williams by 47.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 28 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Sherwin-Williams during the 3rd quarter worth about $38,000. 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.