Vetr upgraded shares of Sherwin-Williams Co. (NYSE:SHW) from a buy rating to a strong-buy rating in a research note released on Tuesday morning. They currently have $301.52 price target on the stock.
Several other research analysts have also issued reports on SHW. Zacks Investment Research lowered Sherwin-Williams from a buy rating to a hold rating in a research report on Thursday, October 27th. 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. Wells Fargo & Co. assumed coverage on Sherwin-Williams in a report on Wednesday, September 28th. They set a market perform rating for the company. reiterated a buy rating and set a $350.00 price target on shares of Sherwin-Williams in a report on Wednesday, September 14th. Finally, Sterne Agee CRT upgraded Sherwin-Williams from a neutral rating to a buy rating in a report on Thursday, August 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen 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 an average price target of $322.57.
Shares of Sherwin-Williams (NYSE:SHW) opened at 270.21 on Tuesday. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 22.55 and a beta of 1.02. The stock has a 50 day moving average price of $265.22 and a 200-day moving average price of $280.02. Sherwin-Williams has a one year low of $234.96 and a one year high of $312.48.
Sherwin-Williams (NYSE:SHW) last announced its 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 company 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%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.97 earnings per share. On average, equities research analysts expect that Sherwin-Williams will post $12.33 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Friday, November 18th were given a dividend of $0.84 per share. The ex-dividend date was Wednesday, November 16th. This represents a $3.36 annualized dividend and a dividend yield of 1.24%. Sherwin-Williams’s dividend payout ratio is currently 28.57%.
In other news, Director John M. Stropki bought 500 shares of the company’s stock in a transaction on Thursday, October 27th. The shares were purchased at an average price of $247.30 per share, with a total value of $123,650.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.89% of the company’s stock.
Several large investors have recently bought and sold shares of SHW. Strs Ohio boosted its stake in 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 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 bought a new stake in Sherwin-Williams during the second quarter worth approximately $20,017,000. HL Financial Services LLC boosted its stake in 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, Canada Pension Plan Investment Board boosted its stake in Sherwin-Williams by 2,551.9% in the third quarter. Canada Pension Plan Investment Board now owns 167,257 shares of the company’s stock worth $46,273,000 after buying an additional 160,950 shares during the period. 72.76% of the stock is currently owned by institutional investors.
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.