KeyCorp Increases Sherwin-Williams (NYSE:SHW) Price Target to $410.00

Sherwin-Williams (NYSE:SHW) had its target price upped by investment analysts at KeyCorp from $400.00 to $410.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the specialty chemicals company’s stock. KeyCorp’s price objective would indicate a potential upside of 19.55% from the company’s current price.

SHW has been the topic of several other reports. Citigroup lowered their target price on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. lowered their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Robert W. Baird lifted their price target on Sherwin-Williams from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Mizuho lowered their price target on Sherwin-Williams from $340.00 to $334.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Finally, Evercore ISI lifted their price target on Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $355.00.

Sherwin-Williams Stock Up 3.3 %

SHW opened at $342.95 on Wednesday. Sherwin-Williams has a 12 month low of $232.06 and a 12 month high of $348.37. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.46. The stock has a market cap of $86.51 billion, a P/E ratio of 36.56, a P/E/G ratio of 2.79 and a beta of 1.16. The stock’s 50 day moving average price is $306.52 and its 200 day moving average price is $314.39.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The firm had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same period last year, the firm earned $3.29 EPS. The firm’s revenue was up .5% compared to the same quarter last year. As a group, research analysts predict that Sherwin-Williams will post 11.38 earnings per share for the current year.

Institutional Trading of Sherwin-Williams

Hedge funds and other institutional investors have recently modified their holdings of the business. AIA Group Ltd boosted its position in shares of Sherwin-Williams by 20.8% in the fourth quarter. AIA Group Ltd now owns 16,312 shares of the specialty chemicals company’s stock worth $5,088,000 after buying an additional 2,810 shares during the period. Simplicity Solutions LLC raised its holdings in shares of Sherwin-Williams by 182.2% during the fourth quarter. Simplicity Solutions LLC now owns 10,700 shares of the specialty chemicals company’s stock worth $3,337,000 after acquiring an additional 6,909 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Sherwin-Williams by 5.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261,178 shares of the specialty chemicals company’s stock worth $77,510,000 after acquiring an additional 13,984 shares in the last quarter. Waterloo Capital L.P. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $360,000. Finally, Trust Point Inc. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth $403,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

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.