Sherwin-Williams Company (The) (SHW) Receives $362.69 Average PT from Brokerages

Shares of Sherwin-Williams Company (The) (NYSE:SHW) have received an average rating of “Hold” from the twenty-three research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $362.69.

A number of research firms have commented on SHW. Northcoast Research restated a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Vertical Research restated a “hold” rating and issued a $335.00 price target (up from $316.00) on shares of Sherwin-Williams Company (The) in a report on Monday, June 26th. Citigroup Inc. reiterated a “buy” rating and set a $410.00 price objective on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. UBS AG reiterated a “neutral” rating and set a $375.00 price objective (up from $359.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 26th. Finally, Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price objective for the company in a report on Sunday, July 23rd.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in shares of Sherwin-Williams Company (The) by 0.3% during the second quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock valued at $542,000 after purchasing an additional 4 shares in the last quarter. BRYN MAWR TRUST Co raised its position in Sherwin-Williams Company (The) by 0.7% in the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after acquiring an additional 7 shares during the period. Dynamic Advisors Solutions LLC raised its position in Sherwin-Williams Company (The) by 1.2% in the second quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock worth $240,000 after acquiring an additional 8 shares during the period. IFP Advisors Inc raised its position in 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 worth $599,000 after acquiring an additional 9 shares during the period. Finally, Valmark Advisers Inc. raised its position in 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 worth $1,288,000 after acquiring an additional 10 shares during the period. 73.90% of the stock is currently owned by institutional investors.

Shares of Sherwin-Williams Company (NYSE SHW) traded up 0.86% during midday trading on Wednesday, reaching $347.52. 631,365 shares of the company’s stock traded hands. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57. The stock has a market cap of $32.26 billion, a P/E ratio of 28.65 and a beta of 1.22. The stock has a 50 day moving average of $338.11 and a 200-day moving average of $333.31.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 63.81% and a net margin of 9.14%. The company’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 business posted $4.06 earnings per share. On average, equities research analysts forecast that Sherwin-Williams Company will post $14.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is currently 28.05%.

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.

Analyst Recommendations for Sherwin-Williams Company (The) (NYSE:SHW)

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