Vetr upgraded shares of Sherwin-Williams Co. (NYSE:SHW) from a buy rating to a strong-buy rating in a report published on Monday. They currently have $292.87 target price on the stock.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised Sherwin-Williams from a hold rating to a buy rating and set a $317.00 target price on the stock in a research report on Monday, September 26th. reaffirmed a buy rating and issued a $350.00 target price on shares of Sherwin-Williams in a research report on Wednesday, September 14th. Sterne Agee CRT raised Sherwin-Williams from a neutral rating to a buy rating in a research report on Thursday, August 25th. Argus raised Sherwin-Williams from a hold rating to a buy rating and set a $300.00 target price on the stock in a research report on Monday, October 10th. Finally, Evercore ISI raised Sherwin-Williams from a hold rating to a buy rating in a research report on Tuesday, November 8th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Sherwin-Williams currently has a consensus rating of Buy and a consensus target price of $322.56.
Sherwin-Williams (NYSE:SHW) opened at 272.41 on Monday. Sherwin-Williams has a 52-week low of $234.96 and a 52-week high of $312.48. The firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of 22.73 and a beta of 0.98. The company’s 50-day moving average price is $261.08 and its 200 day moving average price is $283.16.
Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 25th. The company reported $4.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.32 by $0.09. The firm earned $3.28 billion during the quarter, compared to analyst estimates of $3.29 billion. Sherwin-Williams had a net margin of 9.50% and a return on equity of 97.87%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.97 EPS. Equities analysts predict that Sherwin-Williams will post $12.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Wednesday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 28.57%.
In related news, Director John M. Stropki purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was acquired at an average cost of $247.30 per share, for a total transaction of $123,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.89% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Lone Pine Capital LLC bought a new stake in shares of Sherwin-Williams during the second quarter valued at about $335,861,000. Third Point LLC purchased a new position in shares of Sherwin-Williams during the second quarter valued at approximately $205,569,000. Ameriprise Financial Inc. increased its position in shares of Sherwin-Williams by 50.1% in the second quarter. Ameriprise Financial Inc. now owns 1,768,167 shares of the company’s stock valued at $519,233,000 after buying an additional 590,350 shares in the last quarter. Capital World Investors purchased a new position in shares of Sherwin-Williams during the second quarter valued at approximately $120,440,000. Finally, Principal Financial Group Inc. increased its position in shares of Sherwin-Williams by 310.3% in the third quarter. Principal Financial Group Inc. now owns 521,827 shares of the company’s stock valued at $144,369,000 after buying an additional 394,638 shares in the last quarter. Institutional investors and hedge funds own 74.97% of the company’s stock.
Sherwin-Williams Company Profile
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.