Sherwin-Williams Company (The) (NYSE:SHW) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday, July 24th.
Other research analysts have also issued reports about the stock. UBS AG reaffirmed a “neutral” rating and issued a $341.00 price target (up from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Barclays PLC lifted their price target on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a report on Monday, April 24th. Zacks Investment Research raised shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Tuesday, May 23rd. Northcoast Research reaffirmed a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Finally, Credit Suisse Group raised shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target for the company in a report on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Sherwin-Williams Company (The) presently has a consensus rating of “Hold” and a consensus target price of $360.10.
Sherwin-Williams Company (SHW) traded up 0.31% during trading on Monday, reaching $335.07. 525,031 shares of the company’s stock traded hands. The stock has a market capitalization of $31.11 billion, a P/E ratio of 27.62 and a beta of 1.23. The stock has a 50-day moving average price of $352.80 and a 200 day moving average price of $326.37. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57.
Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. Sherwin-Williams Company (The)’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 EPS. Equities research analysts expect that Sherwin-Williams Company will post $15.00 earnings per share for the current year.
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In other Sherwin-Williams Company (The) news, SVP Thomas P. Gilligan sold 6,350 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $338.70, for a total transaction of $2,150,745.00. Following the sale, the senior vice president now directly owns 7,936 shares in the company, valued at approximately $2,687,923.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joel D. Baxter sold 5,470 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $335.50, for a total transaction of $1,835,185.00. Following the sale, the insider now owns 8,523 shares in the company, valued at $2,859,466.50. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 period. BlackRock Inc. increased its stake 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 increased its stake 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 increased its stake 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 increased its stake 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. Institutional investors own 72.86% of the company’s stock.
Sherwin-Williams Company (The) Company Profile
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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