The Sherwin-Williams Company (NYSE:SHW) has been given a consensus recommendation of “moderate buy” by the brokerage

The Sherwin-Williams Company (NYSE:SHW – Get Your Free Report ) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $355.00.

A number of equities analysts have commented on the company. Citigroup cut their price target on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, April 25th. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Royal Bank of Canada boosted their target price on shares of Sherwin-Williams from $370.00 to $418.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Loop Capital cut their price objective on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th.

Get the latest research report on SHW

Sherwin-Williams stocks rose 0.9%

Shares of SHW stock opened at $345.64 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.50, and a debt-to-equity ratio of 2.17. The firm has a market cap of $87.64 billion, a P/E ratio of 36.85, a PEG ratio of 2.71 and a beta of 1.16. The stock’s 50-day moving average is $315.65, and its two-hundred-day moving average is $318.05. Sherwin-Williams has a 12-month low of $232.06 and a 12-month high of $356.69.

Sherwin-Williams (NYSE:SHW – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The company had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. In the same quarter last year, the firm earned $3.29 EPS. The company’s revenue was up 0.5% compared to the same quarter last year. analysts forecast that Sherwin-Williams will post 11.44 earnings per share for the current fiscal year.

Sherwin-Williams announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $0.715 dividend. The ex-dividend date is Friday, August 16. This represents an annualized dividend of $2.86 and a dividend yield of 0.83%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Hedge funds influence Sherwin-Williams

Several institutional investors have recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT boosted its stake in Sherwin-Williams by 1.3% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 252,422 shares of the specialty chemicals company’s stock valued at $75,330,000 after purchasing an additional 3,129 shares during the period. Financial & Tax Architects LLC grew its position in shares of Sherwin-Williams by 7.1% in the second quarter. Financial & Tax Architects LLC now owns 18,884 shares of the specialty chemicals company’s stock valued at $5,636,000 after acquiring an additional 1,254 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Sherwin-Williams by 3.3% in the second quarter. Mutual of America Capital Management LLC now owns 31,882 shares of the specialty chemicals company’s stock valued at $9,515,000 after buying an additional 1,006 shares during the last quarter. Pitti Group Wealth Management LLC increased its stake in shares of Sherwin-Williams by 5.7% during the second quarter. Pitti Group Wealth Management LLC now owns 961 shares of the specialty chemicals company’s stock worth $300,000 after acquiring an additional 52 shares during the last quarter. Finally, Edgestream Partners LP raised its stake in shares of Sherwin-Williams by 5.4% during the second quarter. Edgestream Partners LP now owns 24,953 shares of the specialty chemicals company’s stock worth $7,447,000 after purchasing an additional 1,289 shares in the last quarter. 77.67% of shares are owned by institutional investors and hedge funds.

About Sherwin-Williams

(Get a free report

The Sherwin-Williams Company engages in the development, manufacture, distribution and sale of paints, coatings 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.

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