The Sherwin-Williams Company (NYSE:SHW) currently has a daily average trading volume of 1.42M but it saw 1200687 shares traded on Wednesday. With a market cap of 59.03B USD, stock’s current market price of $228.78 came rising about 0.76 while comparing to the previous closing price of $227.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $278.31 and as low as $195.24. In the recent trading on the day, stock has struck highest price mark of $230.74 while lowest mark touched by it was $226.22.
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Taking a look at 20-day trading activity of The Sherwin-Williams Company (SHW) gives us an average price of $230.01, while its current price level is -17.80% below from 52-week high level whereas it is 17.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $225.95 while that of 200 days or SMA-200 reads an average of $230.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.17% during that period while stretching the period over a month that decreases to 2.10%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.76 which implies that the stock is in neutral territory.
The Sherwin-Williams Company (SHW)’s stock is currently under the radar of 31 analysts who are in consensus at a 12-month price target range of between $198.00 and $290.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $198.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $290.00. Average price target assigned by them is $255.04 which highlights an upside potential of 10.3% for the stock over that period. And to attain the median price target of $254.00 assigned by those analysts, stock has to add about 9.93% of value to its current levels.
Data by FactSet Research shows that 31 analysts have issued their ratings for the stock. 2 of them are in opinions that stock is a Sell, while 3 are advising it as an Overweight. 12 analysts suggested the investors to Buy the stock while 14 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, SHW’s stock price is moving 0.51% up while it is -2.56% when we observe its performance for the past one month. Year-to-date it is -3.60% down and over the past year, the stock is showing a downside performance of -11.76%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $2.04 beat the consensus estimate of $1.78 for the same. The company is expected to be releasing its next quarterly report in 07/25/2023, for which analysts forecasted an EPS of $2.66 while estimate for next year EPS is $8.72. For SHW, analysts are forecasting an EPS-growth rate of -0.10% for current year and estimate for EPS growth in next year is 14.10%. In next quarter, company is expected to be making quarterly sales of $5.67 billion as analysts are expecting the sales for current fiscal year at $21.97 billion and seeing the company making $22.69 billion in sales next year. Moreover, analysts are in estimates of $6.03 billion for current-quarter revenue.
Currently, The Sherwin-Williams Company’s total number of outstanding shares is 256.70M with 8.14% of that held by the insiders while 79.44% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 15.10% and return on equity (ROE) at 76.70%. It has a price to earnings ratio (P/E ratio) of 28.06 while having a 23.00 of forward P/E ratio. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 18.54 while price to sale or P/S ratio amounts to 2.61. Its return on asset (ROA) is 9.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market ETF came shrinking its share ownership by 0.35% in the The Sherwin-Williams Company (SHW) increasing its stake to 2.80% with control over 24963.0 shares in the company. As per SEC documents, Vanguard Total Stock Market ETF sought 7,226,947 of company’s common stock of worth $1.72 billion as per recent closing price of the stock. Vanguard Total Stock Market ETF is not the only institutional holder which restructured its stake in The Sherwin-Williams Company, as Vanguard 500 Index Fund picked 5,535,305 shares of worth $1.31 billion to bring its holdings to a total of 29662.0 shares. In the most recent quarter, RBC Global Resources Fund came rising its stake by 71,900.00% in the company and now holds 5.4 million or 2.09% of the company’s stake having worth of about 1.28 billion.
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