Wells Fargo & Company Reiterates “Market Perform” Rating for Sherwin-Williams Company (The) (SHW)

Sherwin-Williams Company (The) (NYSE:SHW)‘s stock had its “market perform” rating reissued by equities researchers at Wells Fargo & Company in a research note issued to investors on Wednesday, October 25th. They presently have a $400.00 price objective on the specialty chemicals company’s stock, up from their prior price objective of $360.00. Wells Fargo & Company’s price target indicates a potential upside of 2.71% from the stock’s current price.

A number of other research firms have also commented on SHW. Royal Bank Of Canada restated a “buy” rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, September 20th. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Robert W. Baird reiterated a “buy” rating and set a $375.00 target price on shares of Sherwin-Williams Company (The) in a research report on Friday, September 29th. UBS AG reiterated a “neutral” rating and set a $375.00 target price (up from $359.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a research report on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $398.25.

Sherwin-Williams Company (SHW) traded up $2.43 during trading hours on Wednesday, reaching $389.46. 250,000 shares of the company’s stock were exchanged, compared to its average volume of 513,097. The firm has a market capitalization of $36,419.96, a price-to-earnings ratio of 28.06, a PEG ratio of 2.17 and a beta of 1.22. Sherwin-Williams Company has a 52-week low of $260.00 and a 52-week high of $398.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07.

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

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Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Sherwin-Williams Company (The) by 1,591.2% in the first quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock valued at $1,634,079,000 after purchasing an additional 4,956,505 shares in the last quarter. Janus Henderson Group PLC increased its stake in Sherwin-Williams Company (The) by 10,157.5% in the second quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock valued at $366,368,000 after purchasing an additional 1,033,725 shares in the last quarter. Jana Partners LLC bought a new stake in Sherwin-Williams Company (The) in the first quarter valued at approximately $203,163,000. Renaissance Technologies LLC increased its stake in Sherwin-Williams Company (The) by 195.1% in the first quarter. Renaissance Technologies LLC now owns 961,900 shares of the specialty chemicals company’s stock valued at $298,372,000 after purchasing an additional 635,900 shares in the last quarter. Finally, FMR LLC increased its stake in Sherwin-Williams Company (The) by 18.1% in the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after purchasing an additional 621,190 shares in the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Company (The) Company Profile

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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