UBS Group Has Lowered Expectations for Sherwin-Williams (NYSE:SHW) Stock Price

Sherwin-Williams (NYSE:SHW) had its price target dropped by investment analysts at UBS Group from $430.00 to $400.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. UBS Group’s price target points to a potential upside of 24.22% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Barclays lowered their price objective on Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Citigroup restated a “buy” rating and set a $423.00 target price (up previously from $418.00) on shares of Sherwin-Williams in a research report on Wednesday, February 26th. Robert W. Baird set a $370.00 price objective on Sherwin-Williams in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their target price on shares of Sherwin-Williams from $400.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $398.19.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded down $10.04 during mid-day trading on Monday, hitting $322.02. The company had a trading volume of 1,947,601 shares, compared to its average volume of 1,871,960. Sherwin-Williams has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The firm has a market cap of $80.99 billion, a P/E ratio of 30.52, a PEG ratio of 2.98 and a beta of 1.26. The business’s 50-day simple moving average is $352.24 and its 200-day simple moving average is $362.71.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter last year, the firm posted $1.81 EPS. As a group, analysts predict that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, insider Colin M. Davie sold 2,799 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. The trade was a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sherwin-Williams

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Midwest Capital Advisors LLC bought a new stake in shares of Sherwin-Williams in the 4th quarter valued at about $26,000. Park Square Financial Group LLC acquired a new stake in Sherwin-Williams in the fourth quarter worth $27,000. Lee Danner & Bass Inc. bought a new position in shares of Sherwin-Williams during the fourth quarter worth $28,000. Sierra Ocean LLC acquired a new position in shares of Sherwin-Williams in the 4th quarter valued at $36,000. Finally, WR Wealth Planners LLC grew its holdings in shares of Sherwin-Williams by 41.7% in the 4th quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 35 shares during the period. Institutional investors own 77.67% of the company’s stock.

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.