Jefferies Group Weighs in on Sherwin-Williams Company (The)’s Q3 2017 Earnings (SHW)

Sherwin-Williams Company (The) (NYSE:SHW) – Research analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for Sherwin-Williams Company (The) in a report issued on Thursday. Jefferies Group analyst L. Alexander anticipates that the specialty chemicals company will post earnings per share of $4.83 for the quarter. Jefferies Group has a “Hold” rating and a $364.00 price target on the stock. Jefferies Group also issued estimates for Sherwin-Williams Company (The)’s Q4 2017 earnings at $3.69 EPS.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $4.06 EPS. COPYRIGHT VIOLATION WARNING: This report was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://stocknewstimes.com/2017/08/19/jefferies-group-weighs-in-on-sherwin-williams-company-thes-q3-2017-earnings-shw-updated-updated.html.

SHW has been the topic of a number of other research reports. Citigroup Inc. reaffirmed a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. Credit Suisse Group set a $344.00 price target on shares of Sherwin-Williams Company (The) and gave the company a “buy” rating in a research note on Thursday, April 20th. KeyCorp raised shares of Sherwin-Williams Company (The) from a “sector weight” rating to an “overweight” rating and set a $375.00 price target on the stock in a research note on Tuesday, April 4th. Zacks Investment Research downgraded shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, May 22nd. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They set a “buy” rating and a $403.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Sherwin-Williams Company (The) presently has a consensus rating of “Buy” and a consensus target price of $360.10.

Sherwin-Williams Company (NYSE SHW) opened at 337.27 on Monday. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The stock has a 50 day moving average price of $353.11 and a 200-day moving average price of $325.99. The firm has a market cap of $31.31 billion, a P/E ratio of 27.80 and a beta of 1.24.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Davis R M Inc. boosted its position in shares of Sherwin-Williams Company (The) by 0.6% in the second quarter. Davis R M Inc. now owns 38,689 shares of the specialty chemicals company’s stock valued at $13,578,000 after buying an additional 213 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Sherwin-Williams Company (The) by 2.5% in the second quarter. Cullen Frost Bankers Inc. now owns 35,304 shares of the specialty chemicals company’s stock valued at $12,390,000 after buying an additional 856 shares during the last quarter. Trust Investment Advisors acquired a new position in shares of Sherwin-Williams Company (The) during the second quarter valued at about $225,000. Valmark Advisers Inc. boosted its position in shares of Sherwin-Williams Company (The) by 0.3% in the second quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock valued at $1,288,000 after buying an additional 10 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Sherwin-Williams Company (The) by 0.5% in the second quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock valued at $599,000 after buying an additional 9 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.

In other Sherwin-Williams Company (The) news, Director Susan J. Kropf sold 2,000 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $338.93, for a total transaction of $677,860.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert J. Davisson sold 10,500 shares of the stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $335.00, for a total transaction of $3,517,500.00. Following the transaction, the insider now owns 7,166 shares in the company, valued at $2,400,610. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,320 shares of company stock worth $8,181,290. 1.69% of the stock is owned by company insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

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.

Earnings History and Estimates for Sherwin-Williams Company (The) (NYSE:SHW)

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