Sherwin-Williams (NYSE:SHW) Given New $446.00 Price Target at Royal Bank of Canada

Sherwin-Williams (NYSE:SHW) had its price objective lowered by Royal Bank of Canada from $455.00 to $446.00 in a report published on Thursday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the specialty chemicals company’s stock.

A number of other research analysts also recently issued reports on SHW. Wells Fargo & Company boosted their price objective on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Morgan Stanley increased their target price on Sherwin-Williams from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Jefferies Financial Group raised their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, August 26th. The Goldman Sachs Group increased their price objective on shares of Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Barclays increased their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $395.29.

Sherwin-Williams Trading Up 0.3 %

Shares of Sherwin-Williams stock traded up $0.98 during trading on Thursday, reaching $362.57. The company’s stock had a trading volume of 323,269 shares, compared to its average volume of 1,538,867. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The company has a market cap of $91.93 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.87 and a beta of 1.17. The firm’s 50-day moving average is $371.81 and its two-hundred day moving average is $334.64. Sherwin-Williams has a 52-week low of $232.06 and a 52-week high of $392.57.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the company posted $3.20 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that Sherwin-Williams will post 11.31 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

Insider Activity at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction 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 sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Sherwin-Williams

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MONECO Advisors LLC raised its holdings in shares of Sherwin-Williams by 7.4% in the third quarter. MONECO Advisors LLC now owns 876 shares of the specialty chemicals company’s stock worth $334,000 after buying an additional 60 shares during the period. Integrated Advisors Network LLC boosted its position in Sherwin-Williams by 12.5% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,236 shares of the specialty chemicals company’s stock valued at $1,998,000 after buying an additional 580 shares during the period. Fortitude Family Office LLC increased its holdings in Sherwin-Williams by 55.2% during the 3rd quarter. Fortitude Family Office LLC now owns 225 shares of the specialty chemicals company’s stock worth $86,000 after purchasing an additional 80 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of Sherwin-Williams by 50.4% during the third quarter. Pallas Capital Advisors LLC now owns 1,433 shares of the specialty chemicals company’s stock valued at $518,000 after purchasing an additional 480 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Sherwin-Williams by 0.4% during the third quarter. Nisa Investment Advisors LLC now owns 97,401 shares of the specialty chemicals company’s stock valued at $37,175,000 after buying an additional 385 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

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.