Sherwin-Williams (NYSE:SHW) Hits New 52-Week High at $350.69

The Sherwin-Williams Company (NYSE:SHW) reached a new 52-week high during trading on Friday . The stock traded as high as $350.69 and last traded at $347.47, with a volume of 344345 shares trading hands. The stock had previously closed at $342.74.

Analyst Ratings Changes

Several equities research analysts have commented on SHW shares. KeyCorp boosted their target price on Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on Sherwin-Williams from $320.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday. Citigroup lowered their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, The Goldman Sachs Group boosted their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $355.00.

Sherwin-Williams Trading Up 2.0 %

The business has a 50-day moving average price of $306.52 and a two-hundred day moving average price of $314.39. The stock has a market capitalization of $88.21 billion, a P/E ratio of 36.56, a P/E/G ratio of 2.79 and a beta of 1.16. The company has a current ratio of 0.81, a quick ratio of 0.46 and a debt-to-equity ratio of 2.17.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.29 EPS. On average, analysts expect that The Sherwin-Williams Company will post 11.38 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.82%. Sherwin-Williams’s payout ratio is 30.49%.

Institutional Trading of Sherwin-Williams

Several institutional investors and hedge funds have recently modified their holdings of SHW. Mutual Advisors LLC lifted its position in shares of Sherwin-Williams by 2.9% during the 4th quarter. Mutual Advisors LLC now owns 1,716 shares of the specialty chemicals company’s stock worth $535,000 after buying an additional 49 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Sherwin-Williams by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 16,448 shares of the specialty chemicals company’s stock worth $5,130,000 after buying an additional 1,551 shares during the last quarter. Blackston Financial Advisory Group LLC bought a new stake in shares of Sherwin-Williams during the 4th quarter worth $315,000. Schechter Investment Advisors LLC lifted its position in shares of Sherwin-Williams by 4.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 1,134 shares of the specialty chemicals company’s stock worth $354,000 after buying an additional 53 shares during the last quarter. Finally, PFG Investments LLC lifted its position in shares of Sherwin-Williams by 15.1% during the 4th quarter. PFG Investments LLC now owns 1,335 shares of the specialty chemicals company’s stock worth $416,000 after buying an additional 175 shares during the last quarter. 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.