Robert W. Baird Increases Sherwin-Williams (NYSE:SHW) Price Target to $310.00

Sherwin-Williams (NYSE:SHW) had its price objective upped by Robert W. Baird from $300.00 to $310.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Robert W. Baird’s price target would suggest a potential upside of 2.53% from the company’s previous close.

SHW has been the topic of a number of other research reports. Mizuho dropped their target price on Sherwin-Williams from $352.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, January 26th. Royal Bank of Canada dropped their target price on Sherwin-Williams from $346.00 to $341.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Citigroup boosted their target price on Sherwin-Williams from $360.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Evercore ISI dropped their target price on Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Wells Fargo & Company upped their price objective on Sherwin-Williams from $310.00 to $320.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $326.50.

Sherwin-Williams Price Performance

Shares of NYSE SHW opened at $302.34 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 2.25. Sherwin-Williams has a twelve month low of $221.76 and a twelve month high of $348.37. The stock has a 50 day moving average of $328.40 and a two-hundred day moving average of $298.73. The stock has a market cap of $76.93 billion, a P/E ratio of 32.69, a P/E/G ratio of 2.45 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. Sherwin-Williams’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.04 EPS. On average, research analysts forecast that Sherwin-Williams will post 11.46 earnings per share for the current year.

Insider Activity

In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Justin T. Binns sold 1,563 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total transaction of $529,653.81. Following the transaction, the insider now directly owns 14,564 shares in the company, valued at $4,935,302.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gregory P. Sofish sold 1,830 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $320.70, for a total value of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at $2,029,710.30. The disclosure for this sale can be found here. Insiders have sold 32,050 shares of company stock worth $10,340,237 over the last three months. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sherwin-Williams

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sage Mountain Advisors LLC increased its stake in Sherwin-Williams by 62.6% during the first quarter. Sage Mountain Advisors LLC now owns 1,280 shares of the specialty chemicals company’s stock worth $445,000 after acquiring an additional 493 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in Sherwin-Williams by 27.2% during the first quarter. Moody Lynn & Lieberson LLC now owns 9,760 shares of the specialty chemicals company’s stock worth $3,390,000 after acquiring an additional 2,089 shares during the last quarter. Rational Advisors LLC acquired a new stake in Sherwin-Williams during the first quarter worth about $57,000. Sugarloaf Wealth Management LLC grew its stake in shares of Sherwin-Williams by 8.8% in the first quarter. Sugarloaf Wealth Management LLC now owns 496 shares of the specialty chemicals company’s stock valued at $172,000 after buying an additional 40 shares in the last quarter. Finally, Tyche Wealth Partners LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at about $201,000. 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.