Sherwin-Williams Co (SHW) Forecasted to Earn Q1 2018 Earnings of $3.24 Per Share

Sherwin-Williams Co (NYSE:SHW) – KeyCorp issued their Q1 2018 EPS estimates for Sherwin-Williams in a note issued to investors on Tuesday. KeyCorp analyst M. Sison anticipates that the specialty chemicals company will post earnings of $3.24 per share for the quarter. KeyCorp has a “Overweight” rating and a $465.00 price objective on the stock. KeyCorp also issued estimates for Sherwin-Williams’ Q2 2018 earnings at $5.50 EPS, Q3 2018 earnings at $5.75 EPS and Q4 2018 earnings at $3.76 EPS.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same period last year, the company posted $4.23 earnings per share. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year.

Several other equities analysts have also issued reports on SHW. Robert W. Baird restated a “buy” rating and set a $475.00 target price on shares of Sherwin-Williams in a research report on Wednesday, January 10th. Zacks Investment Research lowered Sherwin-Williams from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Northcoast Research restated a “buy” rating and set a $435.00 target price (up from $375.00) on shares of Sherwin-Williams in a research report on Friday, October 6th. Jefferies Group boosted their target price on Sherwin-Williams from $364.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada lifted their price objective on Sherwin-Williams from $390.00 to $423.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $417.39.

Shares of Sherwin-Williams (SHW) traded up $3.82 during mid-day trading on Thursday, reaching $430.76. The company had a trading volume of 640,600 shares, compared to its average volume of 559,467. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. The firm has a market capitalization of $39,924.83, a price-to-earnings ratio of 37.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.22. Sherwin-Williams has a 1 year low of $280.14 and a 1 year high of $435.15.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new stake in Sherwin-Williams in the second quarter valued at approximately $100,000. Spectrum Management Group Inc. bought a new stake in Sherwin-Williams during the third quarter worth $162,000. New England Research & Management Inc. bought a new stake in Sherwin-Williams during the fourth quarter worth $205,000. Salem Investment Counselors Inc. bought a new stake in Sherwin-Williams during the second quarter worth $176,000. Finally, Montag A & Associates Inc. bought a new stake in Sherwin-Williams during the third quarter worth $202,000. 75.62% of the stock is owned by institutional investors and hedge funds.

In related news, insider Robert J. Davisson sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $407.11, for a total transaction of $407,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. In the last three months, insiders sold 15,122 shares of company stock valued at $5,969,846. Insiders own 1.69% of the company’s stock.

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Sherwin-Williams 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.

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