Sherwin-Williams Co (NYSE:SHW) – Research analysts at Seaport Global Securities cut their Q3 2018 EPS estimates for shares of Sherwin-Williams in a note issued to investors on Wednesday, October 17th, Zacks Investment Research reports. Seaport Global Securities analyst M. Harrison now forecasts that the specialty chemicals company will post earnings of $5.81 per share for the quarter, down from their previous forecast of $5.96. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Sherwin-Williams’ Q4 2018 earnings at $3.96 EPS, FY2018 earnings at $19.07 EPS, Q1 2019 earnings at $3.88 EPS, Q2 2019 earnings at $6.62 EPS, Q3 2019 earnings at $6.96 EPS, Q4 2019 earnings at $4.95 EPS and FY2019 earnings at $22.41 EPS.
Several other brokerages also recently commented on SHW. Edward Jones initiated coverage on Sherwin-Williams in a research report on Tuesday, September 4th. They issued a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $485.00 price objective on shares of Sherwin-Williams in a research report on Wednesday, July 25th. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Credit Suisse Group upped their price objective on Sherwin-Williams from $457.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 25th. Finally, Barclays cut their price objective on Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Friday, October 26th. Ten analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sherwin-Williams presently has an average rating of “Buy” and an average price target of $467.40.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by ($0.03). The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.78 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 45.22%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, November 15th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 24.11%.
In other Sherwin-Williams news, SVP Thomas P. Gilligan sold 5,080 shares of the stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $458.04, for a total value of $2,326,843.20. Following the completion of the sale, the senior vice president now directly owns 7,043 shares in the company, valued at $3,225,975.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John M. Stropki purchased 675 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was acquired at an average price of $375.00 per share, with a total value of $253,125.00. The disclosure for this purchase can be found here. Corporate insiders own 0.78% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board raised its stake in Sherwin-Williams by 5.0% in the third quarter. Canada Pension Plan Investment Board now owns 137,710 shares of the specialty chemicals company’s stock valued at $62,687,000 after buying an additional 6,500 shares during the last quarter. Trexquant Investment LP purchased a new stake in Sherwin-Williams in the third quarter valued at about $6,541,000. CIBC World Markets Inc. raised its stake in Sherwin-Williams by 64.2% in the third quarter. CIBC World Markets Inc. now owns 17,448 shares of the specialty chemicals company’s stock valued at $7,943,000 after buying an additional 6,821 shares during the last quarter. FMR LLC raised its stake in Sherwin-Williams by 12.7% in the third quarter. FMR LLC now owns 3,582,597 shares of the specialty chemicals company’s stock valued at $1,630,834,000 after buying an additional 402,592 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of Sherwin-Williams by 6.4% in the third quarter. American International Group Inc. now owns 27,060 shares of the specialty chemicals company’s stock valued at $12,318,000 after purchasing an additional 1,635 shares during the period. Institutional investors own 77.73% of the company’s stock.
Sherwin-Williams Company Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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