Sherwin-Williams Company (The) (SHW) Given Buy Rating at Longbow Research

Longbow Research reissued their buy rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a research report sent to investors on Monday. The brokerage currently has a $440.00 price target on the specialty chemicals company’s stock, up from their prior price target of $400.00.

A number of other equities research analysts also recently commented on SHW. BidaskClub downgraded shares of Sherwin-Williams Company (The) from a hold rating to a sell rating in a research report on Tuesday, August 1st. Morgan Stanley set a $425.00 target price on shares of Sherwin-Williams Company (The) and gave the stock an overweight rating in a research report on Wednesday, October 4th. Credit Suisse Group reaffirmed an outperform rating and issued a $410.00 target price (up previously from $375.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, October 4th. Vertical Research reaffirmed a hold rating and issued a $375.00 target price (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, October 4th. Finally, KeyCorp reaffirmed an overweight rating and issued a $440.00 target price (up previously from $415.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. Sherwin-Williams Company (The) presently has a consensus rating of Buy and an average price target of $392.49.

Sherwin-Williams Company (NYSE SHW) opened at 385.155 on Monday. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $386.43. The company has a market capitalization of $35.76 billion, a price-to-earnings ratio of 31.752 and a beta of 1.22. The stock has a 50 day moving average price of $353.47 and a 200 day moving average price of $341.12.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing analysts’ consensus estimates of $4.54 by ($0.02). Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the firm earned $4.06 earnings per share. Sherwin-Williams Company (The)’s revenue was up 16.0% on a year-over-year basis. On average, analysts expect that Sherwin-Williams Company will post $14.74 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in SHW. Oxford Asset Management purchased a new position in shares of Sherwin-Williams Company (The) during the 1st quarter valued at $250,000. SG Americas Securities LLC lifted its stake in shares of Sherwin-Williams Company (The) by 223.1% during the 1st quarter. SG Americas Securities LLC now owns 16,224 shares of the specialty chemicals company’s stock valued at $5,033,000 after buying an additional 29,406 shares in the last quarter. Clinton Group Inc. purchased a new position in shares of Sherwin-Williams Company (The) during the 1st quarter valued at $2,204,000. Bank of Hawaii lifted its stake in shares of Sherwin-Williams Company (The) by 6.9% during the 1st quarter. Bank of Hawaii now owns 4,627 shares of the specialty chemicals company’s stock valued at $1,435,000 after buying an additional 299 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Sherwin-Williams Company (The) by 0.4% during the 1st quarter. Arizona State Retirement System now owns 22,557 shares of the specialty chemicals company’s stock valued at $6,997,000 after buying an additional 100 shares in the last quarter. Institutional investors own 73.82% 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.

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

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