Sherwin-Williams (NYSE:SHW) Earns Buy Rating from Citigroup

Sherwin-Williams (NYSE:SHW)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup in a report issued on Wednesday, MarketBeat.com reports. They currently have a $423.00 price objective on the specialty chemicals company’s stock, up from their prior price objective of $418.00. Citigroup’s price target suggests a potential upside of 18.82% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Robert W. Baird set a $370.00 price objective on shares of Sherwin-Williams in a report on Friday, January 31st. Berenberg Bank upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the company from $321.00 to $420.00 in a report on Friday, January 24th. Evercore ISI upped their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Morgan Stanley reduced their target price on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $403.31.

Sherwin-Williams Price Performance

SHW opened at $356.02 on Wednesday. The company has a market capitalization of $89.54 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.98 and a beta of 1.22. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. Sherwin-Williams has a 12-month low of $282.09 and a 12-month high of $400.42. The business’s fifty day simple moving average is $350.92 and its 200-day simple moving average is $365.51.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the firm earned $1.81 earnings per share. On average, equities research analysts anticipate that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sherwin-Williams

Institutional investors and hedge funds have recently made changes to their positions in the stock. Valued Wealth Advisors LLC raised its stake in Sherwin-Williams by 88.9% in the 3rd quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 32 shares during the last quarter. First Personal Financial Services purchased a new stake in Sherwin-Williams during the 3rd quarter valued at about $29,000. Midwest Capital Advisors LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Sherwin-Williams in the fourth quarter worth about $28,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Sherwin-Williams during the third quarter worth about $32,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

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.