Shares of Sherwin-Williams Company (NYSE:SHW – Get Free Report) reached a new 52-week high during trading on Friday. The stock traded as high as $350.69, and was last traded at $347.47, with volume of 344345 shares traded. The stock previously closed at $342.74.

Wall Street analysts predict growth

A number of equities research analysts have weighed in on SHW stock. Royal Bank of Canada raised their price target on shares of Sherwin-Williams from $370.00 to $418.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup lowered their price target on shares of Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Robert W. Baird raised their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday. Evercore ISI raised their price target on shares of Sherwin-Williams from $360.00 to $365.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, KeyCorp raised their price target on Sherwin-Williams from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $355.00.

View our latest research report on SHW

Sherwin-Williams Stock Return

The company has a quick ratio of 0.46, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The company has a market cap of $88.09 billion, a price to earnings ratio of 37.23, a forward price to earnings ratio of 2.75 and a beta of 1.16. The company has a 50-day moving average price of $307.26 and a 200-day moving average price of $314.86.

Sherwin-Williams (NYSE:SHW – Get Free Report) last released its quarterly earnings results on Tuesday, July 23. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the year-ago quarter, the company had $3.29 earnings per share. The company’s revenue for the quarter was up 0.5% from the year-ago quarter. As a group, equities research analysts predict that The Sherwin-Williams Company will post 11.44 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will receive a dividend of $0.715. This represents an annualized dividend of $2.86 and a dividend yield of 0.82%. The ex-dividend date for this dividend is Friday, August 16th. Sherwin-Williams’ dividend payout ratio (DPR) currently stands at 30.49%.

Institutional investors weigh Sherwin-Williams

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First United Bank & Trust purchased a new stake in shares of Sherwin-Williams during the 4th quarter worth $31,000. Tortoise Investment Management LLC increased its stake in Sherwin-Williams by 158.5% in the 4th quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 65 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $35,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $36,000. Finally, Friedenthal Financial purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth about $46,000. Institutional investors own 77.67% of the company’s shares.

About Sherwin-Williams

(Get free report)

The Sherwin-Williams Company develops, manufactures, distributes and sells paints, coatings and related products to professional, industrial, commercial and retail customers. The company operates through three segments: Paint Stores Group, Consumer Brands Group and Performance Coatings Group.

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