The Sherwin-Williams Company (NYSE:SHW) saw an upside of 0.73% to $272.37 after adding $1.96on Wednesday. The 5-day average trading volume is 1,028,724 shares of the company’s common stock. It has gained $274.02 in the past week and touched a new high 1 time within the past 5 days. An average of 1,293,441 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,398,968.
SHW’s 1-month performance is -1.30% or $3.68 on its low of $265.09 reached on 08/18/23. The company’s shares have touched a 52-week low of $195.24 and high of $283.80, with the stock’s rally to the 52-week high happening on 07/27/23. YTD, SHW has achieved 14.76% or $35.08 and has reached a new high 16 times. However, the current price is down -4.03% from the 52-week high price.
Insider Transactions
SHW stock investors last saw insider trading activity on Feb 23.Young Bryan J (SVP – Corp Strategy & Devel.) most recently sold 2,750 shares at $220.76 per share on Feb 23. This transaction cost the insider $607,090.
Valuation Metrics
SHW stock has a beta of 1.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.03 while the price-to-book (PB) in the most recent quarter is 19.21, with the price to cash flow ratio at 39.71.
The Sherwin-Williams Company’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.50, while the total debt to equity was 2.86. In terms of profitability, the gross margin trailing 12 months is 44.10%. The trailing 12-month EBITDA margin is 18.27% while for the period ending June 29, The Sherwin-Williams Company’s operating margin was 13.10%. The firm’s gross profit as reported stood at $9.33 billion against revenue of $22.15 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 27.19% to $793.7 million, while revenue of $477.4 million was 39.85% off the previous quarter. Analysts expected SHW to announce $2.69 per share in earnings in its latest quarter, but it posted $3.29, representing a 22.30% surprise. EBITDA for the quarter stood at more than $1.33 billion. SHW stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 19.54 billion, with total debt at $12.34 billion. Shareholders hold equity totaling $257.15 million.
Let’s look briefly at The Sherwin-Williams Company (SHW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 51.43% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.74%.
The stock’s 5-day moving average is $270.28, reflecting a -0.24% or -$0.66 change from its current price. SHW is currently trading -3.02% above its 20-day SMA, +25.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.23% and SMA200 by+25.42%.
Stochastic %K and %D was 45.01% and 34.94% and the average true range (ATR) pointed at 4.56. The RSI (14) points at 53.72%, while the 14-day stochastic is at 56.89% with the period’s ATR at 4.75. The stock’s 9-day MACD Oscillator is pointing at -1.16 and -1.44 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Sherwin-Williams Company (NYSE: SHW), BMO Capital Markets upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for SHW stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate SHW as a “sell,”, while 12 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 15 have offered a “buy” rating.
What is SHW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $224.00 and a high of $330.00, with their median price target at $300.00. Looking at these predictions, the average price target given by analysts is for The Sherwin-Williams Company (SHW) stock is $299.79.
