Northcoast Research restated their buy rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a report released on Wednesday, July 19th.
A number of other brokerages also recently commented on SHW. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a hold rating to a buy rating and set a $371.00 target price on the stock in a research note on Thursday, April 27th. KeyCorp raised shares of Sherwin-Williams Company (The) from a sector weight rating to an overweight rating and set a $375.00 price target for the company in a research report on Tuesday, April 4th. Morgan Stanley reaffirmed an overweight rating and issued a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a buy rating and issued a $350.00 price target on shares of Sherwin-Williams Company (The) in a research report on Tuesday, March 28th. Finally, Barclays PLC increased their target price on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an equal weight rating in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $360.10.
Shares of Sherwin-Williams Company (NYSE:SHW) opened at 337.51 on Wednesday. The firm’s 50-day moving average price is $347.65 and its 200-day moving average price is $329.22. The firm has a market capitalization of $31.33 billion, a price-to-earnings ratio of 27.82 and a beta of 1.23. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57.
Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the consensus estimate of $4.54 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.06 EPS. On average, equities analysts anticipate that Sherwin-Williams Company will post $15.00 earnings per share for the current year.
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The firm 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 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.
A number of hedge funds and other institutional investors have recently bought and sold shares of SHW. BlackRock Inc. increased its stake in shares of 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 valued at $1,634,079,000 after buying an additional 4,956,505 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Sherwin-Williams Company (The) by 10,157.5% in the second quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock valued at $366,368,000 after buying an additional 1,033,725 shares in the last quarter. Jana Partners LLC purchased a new position in shares of Sherwin-Williams Company (The) during the first quarter valued at about $203,163,000. Renaissance Technologies LLC boosted its position in shares of Sherwin-Williams Company (The) by 195.1% in the first quarter. Renaissance Technologies LLC now owns 961,900 shares of the specialty chemicals company’s stock valued at $298,372,000 after buying an additional 635,900 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Sherwin-Williams Company (The) by 18.1% in the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after buying an additional 621,190 shares in the last quarter. Institutional investors own 72.69% of the company’s stock.
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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