Sherwin-Williams (NYSE:SHW) Now Covered by Analysts at Citigroup

Citigroup started coverage on shares of Sherwin-Williams (NYSE:SHW) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating and a $355.00 price target on the specialty chemicals company’s stock. Citigroup’s price target would indicate a potential upside of 18.39% from the stock’s current price.

Several other equities research analysts also recently weighed in on SHW. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Wells Fargo & Company reduced their price objective on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. UBS Group downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $385.00 to $330.00 in a research report on Tuesday. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Finally, Mizuho reduced their price objective on Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $365.67.

Sherwin-Williams Price Performance

Shares of NYSE:SHW traded up $3.37 during midday trading on Thursday, reaching $299.86. 82,779 shares of the company were exchanged, compared to its average volume of 1,855,402. The stock has a market cap of $73.96 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.53 and a beta of 1.12. The business’s fifty day moving average is $318.72 and its two-hundred day moving average is $333.20. Sherwin-Williams has a one year low of $289.86 and a one year high of $379.65. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 2.10.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.27 by $0.08. The business had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. As a group, analysts predict that Sherwin-Williams will post 11.74 earnings per share for the current year.

Hedge Funds Weigh In On Sherwin-Williams

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Sherwin-Williams by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock valued at $7,529,752,000 after acquiring an additional 600,119 shares during the period. State Street Corp boosted its position in Sherwin-Williams by 2.4% during the fourth quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock valued at $5,067,497,000 after purchasing an additional 364,832 shares in the last quarter. Geode Capital Management LLC grew its stake in Sherwin-Williams by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,231,615 shares of the specialty chemicals company’s stock valued at $1,687,498,000 after purchasing an additional 37,145 shares during the last quarter. Capital Research Global Investors raised its holdings in Sherwin-Williams by 0.3% in the third quarter. Capital Research Global Investors now owns 3,432,977 shares of the specialty chemicals company’s stock worth $1,188,698,000 after purchasing an additional 11,560 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Sherwin-Williams during the fourth quarter valued at about $1,089,450,000. Institutional investors own 77.67% of the company’s stock.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.