A number of research firms have changed their ratings and price targets for Sherwin-Williams (NYSE: SHW):

  • 7/29/2019 – Sherwin-Williams had its “neutral” rating reaffirmed by analysts at Northcoast Research.
  • 7/29/2019 – Sherwin-Williams had its price target raised by analysts at BMO Capital Markets to $517.00. They now have a “market perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/25/2019 – Sherwin-Williams had its price target raised by analysts at Susquehanna Bancshares Inc from $545.00 to $580.00. They now have a “positive” rating on the stock.
  • 7/25/2019 – Sherwin-Williams had its price target raised by analysts at Royal Bank of Canada to $550.00. They now have an “outperform” rating on the stock.
  • 7/25/2019 – Sherwin-Williams was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $526.00 price target on the stock. According to Zacks, “Sherwin-Williams’ profits increased year over year in second-quarter 2019. Adjusted earnings beat the Zacks Consensus Estimate while sales missed the same. The company should gain from synergies of the Valspar acquisition. It is also focused on growth through expansion of operations. Also, aggressive cost-control actions, working capital reductions, supply chain optimization and productivity improvement will likely continue to yield margin benefits. It also outperformed the industry year to date. However, the company faces earnings headwinds from hefty Valspar acquisition charges in 2019. It is also exposed to raw material cost inflation. Higher input costs are expected to hurt margins in 2019. Moreover, its businesses continue to be impacted by weakness across certain economies. It is also exposed to currency translation headwinds.”
  • 7/24/2019 – Sherwin-Williams had its price target raised by analysts at KeyCorp from $500.00 to $525.00. They now have an “overweight” rating on the stock.
  • 7/24/2019 – Sherwin-Williams had its price target raised by analysts at Wells Fargo & Co from $510.00 to $565.00. They now have an “outperform” rating on the stock.
  • 7/24/2019 – Sherwin-Williams had its price target raised by analysts at Credit Suisse Group AG from $487.00 to $525.00. They now have an “outperform” rating on the stock.
  • 7/24/2019 – Sherwin-Williams had its price target raised by analysts at Buckingham Research from $440.00 to $460.00. They now have a “neutral” rating on the stock.
  • 7/24/2019 – Sherwin-Williams had its price target raised by analysts at JPMorgan Chase & Co. from $435.00 to $490.00. They now have a “neutral” rating on the stock.
  • 7/24/2019 – Sherwin-Williams had its price target raised by analysts at Barclays PLC from $470.00 to $505.00. They now have an “equal weight” rating on the stock.
  • 7/24/2019 – Sherwin-Williams had its price target raised by analysts at Deutsche Bank AG from $490.00 to $550.00. They now have a “buy” rating on the stock.
  • 6/25/2019 – Sherwin-Williams was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating. They now have a $465.96 price target on the stock.

Shares of Sherwin-Williams stock traded down $6.18 during trading hours on Wednesday, hitting $519.67. 114,284 shares of the company were exchanged, compared to its average volume of 604,521. Sherwin-Williams Co has a 1 year low of $355.28 and a 1 year high of $527.00. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 2.29. The firm has a 50-day simple moving average of $483.77. The firm has a market capitalization of $47.95 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $6.35 by $0.22. Sherwin-Williams had a return on equity of 48.92% and a net margin of 6.61%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the prior year, the business earned $5.73 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, research analysts predict that Sherwin-Williams Co will post 21.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 16th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, August 15th. Sherwin-Williams’s payout ratio is 24.39%.

In other Sherwin-Williams news, Director Jeff M. Fettig acquired 500 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average price of $432.07 per share, for a total transaction of $216,035.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jane M. Cronin sold 1,627 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $515.00, for a total value of $837,905.00. Following the completion of the transaction, the senior vice president now owns 3,598 shares of the company’s stock, valued at approximately $1,852,970. The disclosure for this sale can be found here. Insiders sold 31,608 shares of company stock valued at $15,329,391 in the last quarter. 0.50% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Investors Research Corp purchased a new position in Sherwin-Williams in the first quarter worth $25,000. Thor Advisors LLC purchased a new position in Sherwin-Williams in the first quarter worth $25,000. Krane Funds Advisors LLC purchased a new position in Sherwin-Williams in the second quarter worth $25,000. Tortoise Investment Management LLC increased its position in shares of Sherwin-Williams by 235.3% in the second quarter. Tortoise Investment Management LLC now owns 57 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 40 shares in the last quarter. Finally, Hexavest Inc. purchased a new position in shares of Sherwin-Williams in the second quarter valued at $27,000. Hedge funds and other institutional investors own 76.05% of the company’s stock.

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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