Melius Research Initiates Coverage on Sherwin-Williams (NYSE:SHW)

by · The Markets Daily

Melius Research initiated coverage on shares of Sherwin-Williams (NYSE:SHW – Get Free Report) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set a “hold” rating and a $367.00 price target on the specialty chemicals company’s stock. Melius Research’s price objective suggests a potential upside of 16.49% from the stock’s current price.

SHW has been the subject of a number of other reports. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a report on Wednesday, July 29th. Guggenheim initiated coverage on shares of Sherwin-Williams in a research note on Monday, August 3rd. They set a “buy” rating and a $400.00 price target on the stock. The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a $375.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, July 28th. Finally, KeyCorp assumed coverage on Sherwin-Williams in a report on Thursday, September 10th. They set a “sector weight” rating for the company. 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $384.83.

Read Our Latest Report on Sherwin-Williams

Sherwin-Williams Price Performance

Shares of NYSE:SHW opened at $315.06 on Tuesday. The company has a market cap of $76.48 billion, a P/E ratio of 29.04, a P/E/G ratio of 2.39 and a beta of 1.08. The business has a fifty day simple moving average of $337.92 and a 200-day simple moving average of $327.88. 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 – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The firm had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period last year, the company earned $3.38 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Equities research analysts forecast that Sherwin-Williams will post 12.09 EPS for the current year.

Insider Buying and Selling

In other Sherwin-Williams news, insider Karl Jorgenrud sold 7,886 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the sale, the insider directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Justin T. Binns sold 13,500 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the sale, the insider directly owned 21,937 shares of the company’s stock, valued at $7,737,179.90. The trade was a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

Institutional Trading of Sherwin-Williams

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Sherwin-Williams in the second quarter worth about $6,100,083,000. State Street Corp raised its holdings in shares of Sherwin-Williams by 2.4% during the 4th quarter. State Street Corp now owns 15,638,974 shares of the specialty chemicals company’s stock valued at $5,067,497,000 after buying an additional 364,832 shares during the period. Wellington Management Group LLP lifted its position in Sherwin-Williams by 133.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after acquiring an additional 1,593,009 shares in the last quarter. Amundi boosted its holdings in Sherwin-Williams by 20.6% in the 1st quarter. Amundi now owns 2,200,895 shares of the specialty chemicals company’s stock worth $705,497,000 after acquiring an additional 376,505 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Sherwin-Williams in the 2nd quarter worth approximately $547,097,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company Profile

(Get Free Report)

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.

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