Sherwin-Williams Co. (NYSE:SHW) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $292.87 price target on the stock. Vetr‘s price objective would suggest a potential upside of 6.51% from the stock’s previous close.
SHW has been the subject of a number of other reports. Evercore ISI raised shares of 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. Zacks Investment Research lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Argus raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Monday, October 10th. Wells Fargo & Co. initiated coverage on shares of Sherwin-Williams in a research report on Wednesday, September 28th. They issued a “market perform” rating for the company. Finally, reissued a “buy” rating and issued a $350.00 price target on shares of Sherwin-Williams in a research report on Wednesday, September 14th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $322.56.
Shares of Sherwin-Williams (NYSE:SHW) traded up 0.94% during mid-day trading on Monday, hitting $274.97. The stock had a trading volume of 377,205 shares. The firm’s 50 day moving average price is $261.08 and its 200-day moving average price is $283.16. The company has a market cap of $25.30 billion, a PE ratio of 22.94 and a beta of 0.98. Sherwin-Williams has a one year low of $234.96 and a one year high of $312.48.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $4.23 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by $0.09. Sherwin-Williams had a net margin of 9.50% and a return on equity of 97.87%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company posted $3.97 earnings per share. Sherwin-Williams’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate 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. Shareholders of record on Friday, November 18th will be issued a dividend of $0.84 per share. The ex-dividend date is Wednesday, November 16th. This represents a $3.36 annualized dividend and a yield of 1.22%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.57%.
In related news, Director John M. Stropki purchased 500 shares of the stock in a transaction on Thursday, October 27th. The shares were bought at an average price of $247.30 per share, for a total transaction of $123,650.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.89% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. NEXT Financial Group Inc increased its stake in shares of Sherwin-Williams by 1,536.0% in the third quarter. NEXT Financial Group Inc now owns 409 shares of the company’s stock valued at $113,000 after buying an additional 384 shares during the last quarter. TLP Group LLC bought a new stake in shares of Sherwin-Williams during the third quarter valued at about $120,000. Carroll Financial Associates Inc. increased its stake in shares of Sherwin-Williams by 2.9% in the third quarter. Carroll Financial Associates Inc. now owns 465 shares of the company’s stock valued at $128,000 after buying an additional 13 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Sherwin-Williams during the third quarter valued at about $138,000. Finally, PineBridge Investments L.P. increased its stake in shares of Sherwin-Williams by 109.7% in the second quarter. PineBridge Investments L.P. now owns 520 shares of the company’s stock valued at $153,000 after buying an additional 272 shares during the last quarter. Institutional investors 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.