Sherwin-Williams Co (NYSE:SHW) Given Consensus Recommendation of “Buy” by Brokerages

Sherwin-Williams Co (NYSE:SHW) has been assigned a consensus recommendation of “Buy” from the twenty-five ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $484.22.

SHW has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $480.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Barclays raised their price objective on shares of Sherwin-Williams from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. lowered shares of Sherwin-Williams from an “overweight” rating to a “neutral” rating and set a $435.00 price objective on the stock. in a report on Friday, March 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Sherwin-Williams from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Morgan Stanley raised their price objective on shares of Sherwin-Williams from $455.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, April 15th.

SHW traded down $2.63 during mid-day trading on Tuesday, hitting $463.33. The stock had a trading volume of 484,347 shares, compared to its average volume of 622,662. The business’s fifty day simple moving average is $447.02. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.96 and a quick ratio of 0.56. The firm has a market cap of $42.99 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. Sherwin-Williams has a 1-year low of $355.28 and a 1-year high of $479.64.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $3.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.63 by ($0.03). Sherwin-Williams had a return on equity of 47.09% and a net margin of 6.27%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business posted $3.57 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts forecast that Sherwin-Williams will post 21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, May 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 24.39%.

In other news, Director Susan J. Kropf sold 1,000 shares of Sherwin-Williams stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $478.11, for a total value of $478,110.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert F. Lynch sold 6,984 shares of Sherwin-Williams stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $430.54, for a total transaction of $3,006,891.36. Following the completion of the transaction, the insider now directly owns 13,855 shares of the company’s stock, valued at approximately $5,965,131.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,471 shares of company stock valued at $12,202,129. 0.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Investors Research Corp bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $25,000. Thor Advisors LLC bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $25,000. Berman Capital Advisors LLC bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $28,000. Penserra Capital Management LLC bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $28,000. Finally, Karp Capital Management Corp bought a new position in shares of Sherwin-Williams in the 4th quarter valued at about $33,000. 76.17% of the stock is owned by institutional investors.

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. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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