Investment analysts at Atlantic Securities initiated coverage on shares of Sherwin-Williams Co. (NYSE:SHW) in a research report issued to clients and investors on Tuesday. The firm set an “overweight” rating on the stock.
Other equities analysts have also recently issued reports about the stock. Argus upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research note on Monday, October 10th. Sterne Agee CRT upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 target price for the company in a research note on Monday, September 26th. RBC Capital Markets reiterated an “outperform” rating and set a $335.00 target price on shares of Sherwin-Williams in a research note on Saturday, August 13th. Finally, reiterated a “buy” rating and set a $350.00 target price on shares of Sherwin-Williams in a research note on Wednesday, September 14th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $322.56.
Sherwin-Williams (NYSE:SHW) opened at 274.02 on Tuesday. The firm has a market capitalization of $25.21 billion, a price-to-earnings ratio of 22.86 and a beta of 0.98. Sherwin-Williams has a 1-year low of $234.96 and a 1-year high of $312.48. The firm’s 50-day moving average is $261.26 and its 200-day moving average is $282.71.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data 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 had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.29 billion. Sherwin-Williams had a return on equity of 97.87% and a net margin of 9.50%. Sherwin-Williams’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.97 earnings per share. On average, equities analysts anticipate that Sherwin-Williams will post $12.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is currently 28.57%.
In other news, Director John M. Stropki bought 500 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The stock was acquired at an average price of $247.30 per share, for a total transaction of $123,650.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.89% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Strs Ohio boosted its stake in shares of Sherwin-Williams by 15.5% in the second quarter. Strs Ohio now owns 243,129 shares of the company’s stock worth $71,399,000 after buying an additional 32,679 shares during the period. Columbus Circle Investors boosted its stake in shares of Sherwin-Williams by 64.9% in the second quarter. Columbus Circle Investors now owns 48,233 shares of the company’s stock worth $14,165,000 after buying an additional 18,979 shares during the period. Boston Advisors LLC purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $20,017,000. HL Financial Services LLC boosted its stake in shares of Sherwin-Williams by 4.0% in the second quarter. HL Financial Services LLC now owns 58,196 shares of the company’s stock worth $17,092,000 after buying an additional 2,231 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $3,911,000. Institutional investors and hedge funds own 72.93% of the company’s stock.