Sherwin-Williams Company (The) (SHW) Earns Buy Rating from Robert W. Baird

Robert W. Baird restated their buy rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a research note issued to investors on Friday morning. They currently have a $425.00 target price on the specialty chemicals company’s stock.

A number of other equities analysts also recently weighed in on the company. Citigroup Inc. boosted their target price on Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. UBS AG boosted their target price on Sherwin-Williams Company (The) from $375.00 to $395.00 and gave the stock a neutral rating in a research note on Wednesday, October 25th. Wells Fargo & Company restated a market perform rating and issued a $400.00 target price (up previously from $360.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, October 25th. Zelman & Associates upgraded Sherwin-Williams Company (The) from a hold rating to a buy rating in a research note on Wednesday, October 18th. Finally, Longbow Research reaffirmed a buy rating and issued a $440.00 price target (up previously from $400.00) on shares of Sherwin-Williams Company (The) in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $398.25.

Sherwin-Williams Company (NYSE:SHW) opened at $389.46 on Friday. Sherwin-Williams Company has a 12 month low of $260.00 and a 12 month high of $398.22. The firm has a market capitalization of $36,419.93, a P/E ratio of 28.06, a PEG ratio of 2.17 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the business earned $4.23 EPS. The company’s revenue was up 37.4% compared to the same quarter last year. research analysts forecast that Sherwin-Williams Company will post 15.04 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be issued a $0.85 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.87%. Sherwin-Williams Company (The)’s payout ratio is currently 29.90%.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of Sherwin-Williams Company (The) in the second quarter worth $100,000. Peddock Capital Advisors LLC bought a new position in shares of Sherwin-Williams Company (The) in the second quarter worth $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Sherwin-Williams Company (The) by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 29 shares during the period. Spectrum Management Group Inc. bought a new position in shares of Sherwin-Williams Company (The) in the third quarter worth $162,000. Finally, Parallel Advisors LLC increased its holdings in shares of Sherwin-Williams Company (The) by 13.4% in the second quarter. Parallel Advisors LLC now owns 490 shares of the specialty chemicals company’s stock worth $165,000 after purchasing an additional 58 shares during the period. 73.17% of the stock is currently owned by hedge funds and other institutional investors.

About Sherwin-Williams Company (The)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Analyst Recommendations for Sherwin-Williams Company (The) (NYSE:SHW)

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