Sherwin-Williams (NYSE:SHW) Stock Rated Hold in New Coverage at Melius Research

Melius Research assumed coverage on shares of Sherwin-Williams (NYSE:SHW) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm issued a hold rating and a $367.00 target price on the specialty chemicals company’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $375.00 price target on shares of Sherwin-Williams in a research note on Tuesday, July 28th. The Goldman Sachs Group set a $420.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $420.00 target price on shares of Sherwin-Williams in a research note on Tuesday, September 22nd. Finally, Berenberg Bank set a $380.00 price target on Sherwin-Williams in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $384.83.

Sherwin-Williams Stock Up 2.0%

Shares of SHW opened at $321.30 on Tuesday. The company has a market cap of $78.00 billion, a PE ratio of 29.61, a P/E/G ratio of 2.35 and a beta of 1.08. The business has a fifty day moving average of $337.46 and a 200 day moving average of $328.01. Sherwin-Williams has a 52-week low of $289.86 and a 52-week high of $377.77. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.52 by $0.18. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the previous year, the firm earned $3.38 earnings per share. Sherwin-Williams’s quarterly revenue was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, sell-side analysts expect that Sherwin-Williams will post 12.09 EPS for the current year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 21st were issued a $0.80 dividend. The ex-dividend date was Friday, August 21st. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. Sherwin-Williams’s payout ratio is presently 29.49%.

Insider Activity at Sherwin-Williams

In related news, insider Justin T. Binns sold 13,500 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $352.70, for a total value of $4,761,450.00. Following the transaction, the insider owned 21,937 shares of the company’s stock, valued at $7,737,179.90. This represents a 38.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl Jorgenrud sold 7,886 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $368.30, for a total value of $2,904,413.80. Following the transaction, the insider owned 11,944 shares in the company, valued at $4,398,975.20. The trade was a 39.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sherwin-Williams

Institutional investors have recently made changes to their positions in the company. Caisse de depot et placement du Quebec acquired a new position in shares of Sherwin-Williams during the second quarter worth $5,473,000. BlackRock Inc. purchased a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $6,100,083,000. William John Sempolinski acquired a new stake in shares of Sherwin-Williams in the 2nd quarter worth $2,456,000. Royal Bank of Canada boosted its position in shares of Sherwin-Williams by 9.8% in the 1st quarter. Royal Bank of Canada now owns 966,561 shares of the specialty chemicals company’s stock worth $309,832,000 after purchasing an additional 86,254 shares in the last quarter. Finally, Meeder Advisory Services Inc. purchased a new position in Sherwin-Williams during the 2nd quarter worth $2,123,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve residential, commercial, industrial, automotive and specialty applications, including architectural paints, protective and marine coatings, industrial finishes, automotive refinishing products, wood stains and surface-preparation materials.

Founded in 1866 by Henry Sherwin and Edward Williams, the company is headquartered in Cleveland, Ohio.