Royal Bank of Canada Has Lowered Expectations for Sherwin-Williams (NYSE:SHW) Stock Price

Sherwin-Williams (NYSE:SHW) had its target price lowered by Royal Bank of Canada from $438.00 to $415.00 in a report issued on Monday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the specialty chemicals company’s stock.

SHW has been the topic of several other research reports. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Evercore ISI boosted their target price on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays upped their target price on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Robert W. Baird lifted their price target on Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $400.00.

Sherwin-Williams Trading Up 1.9 %

Shares of Sherwin-Williams stock opened at $364.41 on Monday. The business has a fifty day simple moving average of $358.05 and a 200-day simple moving average of $364.34. Sherwin-Williams has a fifty-two week low of $282.09 and a fifty-two week high of $400.42. The firm has a market cap of $91.78 billion, a price-to-earnings ratio of 34.54, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams (NYSE:SHW) last issued 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 11.61% and a return on equity of 74.50%. During the same period in the prior year, the business posted $1.81 earnings per share. On average, equities analysts forecast that Sherwin-Williams will post 12.12 EPS for the current fiscal year.

Insider Transactions at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. This represents a 28.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of Sherwin-Williams

Several large investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. lifted its holdings in Sherwin-Williams by 7.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 6,873 shares of the specialty chemicals company’s stock worth $2,337,000 after purchasing an additional 496 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Sherwin-Williams in the fourth quarter worth $3,476,000. Kohmann Bosshard Financial Services LLC boosted its holdings in shares of Sherwin-Williams by 3.5% during the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 4,040 shares of the specialty chemicals company’s stock worth $1,373,000 after buying an additional 137 shares during the period. Smartleaf Asset Management LLC grew its stake in Sherwin-Williams by 15.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $893,000 after buying an additional 350 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in Sherwin-Williams by 1.4% in the 4th quarter. Jacobi Capital Management LLC now owns 2,589 shares of the specialty chemicals company’s stock worth $880,000 after acquiring an additional 36 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.