Sherwin-Williams Price Target Lowered: A Closer Look
Sherwin-Williams (NYSE:SHW), a global manufacturer and distributor of paints, coatings, and related products, has had its price objective dropped by stock analysts at Royal Bank Of Canada from $390.00 to $376.00 in a note issued to investors on Thursday.
The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 23.24% from the stock’s previous close.
What Does This Mean for Indian Investors?
For Indian investors looking to diversify their portfolio, Sherwin-Williams may be an attractive option. However, it’s essential to consider the current market trends and analyst ratings before making any investment decisions. You can learn more about stock market analysis and how to make informed investment decisions.
Recent Analyst Ratings
Sherwin-Williams has been the subject of several other research reports. Mizuho upped their price target on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th.
Weiss Ratings reissued a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Monday, December 29th. UBS Group set a $420.00 target price on shares of Sherwin-Williams in a report on Friday, January 30th.
Deutsche Bank Aktiengesellschaft downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a research note on Thursday, January 22nd.
Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price target on the stock in a report on Wednesday, January 7th.
Current Market Trends
Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating, and one has issued a Sell rating to the stock. According to data from MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and an average target price of $387.21.
SHW traded down $7.02 during trading on Thursday, hitting $305.10. 566,399 shares of the stock were exchanged, compared to its average volume of 1,775,719.
The firm has a market capitalization of $75.47 billion, a P/E ratio of 29.71, a PEG ratio of 2.78, and a beta of 1.25. Sherwin-Williams has a 1-year low of $303.42 and a 1-year high of $379.65.
Company Overview
Sherwin-Williams (NYSE:SHW) is a global manufacturer and distributor of paints, coatings, and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial, and industrial applications.
Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants, and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
Investor Insights
Several institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC grew its position in Sherwin-Williams by 73.6% during the fourth quarter.
Empowered Funds LLC increased its stake in Sherwin-Williams by 11.2% in the 1st quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company’s stock valued at $2,178,000 after purchasing an additional 626 shares in the last quarter.
Wealthspire Advisors LLC raised its holdings in Sherwin-Williams by 9.1% during the second quarter. Wealthspire Advisors LLC now owns 11,030 shares of the specialty chemicals company’s stock worth $3,787,000 after purchasing an additional 920 shares during the last quarter.
Empirical Finance LLC grew its holdings in Sherwin-Williams by 0.7% in the second quarter. Empirical Finance LLC now owns 8,273 shares of the specialty chemicals company’s stock valued at $2,841,000 after purchasing an additional 54 shares during the last quarter.
Finally, Ensign Peak Advisors Inc increased its position in shares of Sherwin-Williams by 0.8% in the second quarter. Ensign Peak Advisors Inc now owns 531,472 shares of the specialty chemicals company’s stock valued at $182,486,000 after buying an additional 4,151 shares in the last quarter.
77.67% of the stock is currently owned by hedge funds and other institutional investors. You can learn more about investing in the stock market and how to make informed investment decisions.