Northcoast Research reaffirmed their buy rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a report released on Wednesday, July 19th.
Other equities analysts have also recently issued reports about the company. UBS AG reiterated a neutral rating and issued a $341.00 target price (up from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Barclays PLC raised their price objective on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an equal weight rating in a research note on Monday, April 24th. Zacks Investment Research upgraded Sherwin-Williams Company (The) from a hold rating to a buy rating and set a $371.00 price objective on the stock in a research note on Tuesday, May 23rd. BidaskClub cut Sherwin-Williams Company (The) from a strong-buy rating to a buy rating in a research note on Saturday, July 1st. Finally, Morgan Stanley restated an overweight rating and set a $375.00 price objective (up from $335.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $360.10.
Shares of Sherwin-Williams Company (NYSE SHW) traded down 0.93% during mid-day trading on Wednesday, hitting $342.38. 788,679 shares of the stock were exchanged. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $362.57. The stock has a market capitalization of $31.79 billion, a P/E ratio of 28.23 and a beta of 1.24. The stock’s 50 day moving average price is $353.55 and its 200-day moving average price is $324.96.
Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by $0.02. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the business earned $4.06 earnings per share. Sherwin-Williams Company (The)’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities research analysts expect that Sherwin-Williams Company will post $15.04 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.99%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.
In related news, Director Susan J. Kropf sold 2,000 shares of Sherwin-Williams Company (The) stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $338.93, for a total value of $677,860.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Davisson sold 10,500 shares of Sherwin-Williams Company (The) stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $335.00, for a total value of $3,517,500.00. Following the completion of the sale, the insider now directly owns 7,166 shares of the company’s stock, valued at approximately $2,400,610. The disclosure for this sale can be found here. In the last three months, insiders sold 24,320 shares of company stock valued at $8,181,290. 1.69% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in SHW. Vanguard Group Inc. raised its position in Sherwin-Williams Company (The) by 6.2% in the first quarter. Vanguard Group Inc. now owns 6,276,033 shares of the specialty chemicals company’s stock worth $1,946,763,000 after buying an additional 365,675 shares during the last quarter. BlackRock Inc. raised its position in Sherwin-Williams Company (The) by 1,591.2% in the first quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock worth $1,634,079,000 after buying an additional 4,956,505 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Sherwin-Williams Company (The) by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock worth $1,322,887,000 after buying an additional 136,991 shares during the last quarter. State Street Corp raised its position in Sherwin-Williams Company (The) by 1.0% in the first quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock worth $1,188,731,000 after buying an additional 39,010 shares during the last quarter. Finally, FMR LLC raised its position in Sherwin-Williams Company (The) by 10.9% in the first quarter. FMR LLC now owns 3,433,712 shares of the specialty chemicals company’s stock worth $1,065,103,000 after buying an additional 338,320 shares during the last quarter. 72.78% of the stock is owned by institutional investors.
About Sherwin-Williams Company (The)
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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