Sherwin-Williams Company (The) (NYSE:SHW) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for Sherwin-Williams Company (The) in a research note issued on Thursday. Jefferies Group analyst L. Alexander anticipates that the specialty chemicals company will post earnings per share of $4.83 for the quarter. Jefferies Group currently has a “Hold” rating and a $364.00 target price on the stock. Jefferies Group also issued estimates for Sherwin-Williams Company (The)’s Q4 2017 earnings at $3.69 EPS.

Several other research analysts have also recently weighed in on SHW. KeyCorp raised shares of Sherwin-Williams Company (The) from a “sector weight” rating to an “overweight” rating and set a $375.00 price target on the stock in a report on Tuesday, April 4th. Credit Suisse Group set a $344.00 target price on shares of Sherwin-Williams Company (The) and gave the stock a “buy” rating in a research report on Thursday, April 20th. Barclays PLC increased their target price on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 target price on the stock in a research report on Thursday, April 27th. Finally, Morgan Stanley restated an “overweight” rating and set a $375.00 target price (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $360.10.

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Shares of Sherwin-Williams Company (SHW) opened at 337.09 on Monday. The firm’s 50-day moving average price is $352.80 and its 200-day moving average price is $326.37. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $362.57. The firm has a market capitalization of $31.30 billion, a P/E ratio of 27.79 and a beta of 1.24.

Sherwin-Williams Company (The) (NYSE:SHW) last released 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. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.06 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, August 16th. This represents a $3.40 annualized dividend and a dividend yield of 1.01%. Sherwin-Williams Company (The)’s dividend payout ratio is 28.05%.

In related news, SVP Thomas P. Gilligan sold 6,350 shares of the stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $338.70, for a total transaction of $2,150,745.00. Following the sale, the senior vice president now owns 7,936 shares in the company, valued at approximately $2,687,923.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joel D. Baxter sold 5,470 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $335.50, for a total transaction of $1,835,185.00. Following the sale, the insider now owns 8,523 shares in the company, valued at approximately $2,859,466.50. The disclosure for this sale can be found here. Insiders have sold a total of 24,320 shares of company stock worth $8,181,290 in the last quarter. 1.69% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of SHW. Alpha Cubed Investments LLC boosted its position in Sherwin-Williams Company (The) by 18.2% in the first quarter. Alpha Cubed Investments LLC now owns 2,569 shares of the specialty chemicals company’s stock worth $797,000 after buying an additional 395 shares during the period. Fairfax Financial Holdings Ltd Can bought a new position in Sherwin-Williams Company (The) during the first quarter worth $212,000. Rockland Trust Co. boosted its position in Sherwin-Williams Company (The) by 1.6% in the first quarter. Rockland Trust Co. now owns 31,600 shares of the specialty chemicals company’s stock worth $9,802,000 after buying an additional 493 shares during the period. WealthTrust Fairport LLC boosted its position in Sherwin-Williams Company (The) by 0.7% in the first quarter. WealthTrust Fairport LLC now owns 18,341 shares of the specialty chemicals company’s stock worth $5,689,000 after buying an additional 134 shares during the period. Finally, BP PLC boosted its position in Sherwin-Williams Company (The) by 140.0% in the first quarter. BP PLC now owns 9,600 shares of the specialty chemicals company’s stock worth $2,977,000 after buying an additional 5,600 shares during the period. Institutional investors and hedge funds own 72.86% of the company’s stock.

Sherwin-Williams Company (The) 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.

Earnings History and Estimates for Sherwin-Williams Company (The) (NYSE:SHW)

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