Jefferies Financial Group Increases Sherwin-Williams (NYSE:SHW) Price Target to $415.00

Sherwin-Williams (NYSE:SHW) had its price objective raised by Jefferies Financial Group from $392.00 to $415.00 in a report published on Monday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the specialty chemicals company’s stock.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of Sherwin-Williams from $360.00 to $386.00 and gave the company an outperform rating in a research note on Wednesday, July 24th. Redburn Atlantic upgraded Sherwin-Williams to a strong-buy rating in a report on Thursday, July 18th. Barclays raised their target price on Sherwin-Williams from $315.00 to $355.00 and gave the stock an equal weight rating in a report on Wednesday, July 24th. Wells Fargo & Company upped their price target on Sherwin-Williams from $320.00 to $350.00 and gave the company an equal weight rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley lifted their price objective on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an overweight rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $358.16.

Sherwin-Williams Stock Down 0.4 %

NYSE:SHW opened at $360.35 on Monday. The stock’s fifty day moving average price is $330.10 and its two-hundred day moving average price is $322.34. The company has a market cap of $91.37 billion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 2.79 and a beta of 1.16. Sherwin-Williams has a 52-week low of $232.06 and a 52-week high of $363.15. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $3.29 earnings per share. On average, analysts anticipate that Sherwin-Williams will post 11.44 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.715 per share. The ex-dividend date is Friday, August 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.79%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Institutional Trading of Sherwin-Williams

A number of institutional investors have recently made changes to their positions in SHW. HHM Wealth Advisors LLC increased its stake in Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares during the last quarter. First United Bank & Trust bought a new stake in Sherwin-Williams during the fourth quarter worth about $31,000. Semmax Financial Advisors Inc. boosted its position in Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 60 shares during the last quarter. Tortoise Investment Management LLC grew its stake in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Finally, VitalStone Financial LLC increased its holdings in Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 77 shares during the last quarter. 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.