KeyCorp Comments on Sherwin-Williams Co’s Q1 2018 Earnings (SHW)

Sherwin-Williams Co (NYSE:SHW) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Sherwin-Williams in a research report issued on Tuesday. KeyCorp analyst M. Sison expects that the specialty chemicals company will post earnings per share of $3.24 for the quarter. KeyCorp currently has a “Overweight” rating and a $465.00 target price on the stock. KeyCorp also issued estimates for Sherwin-Williams’ Q2 2018 earnings at $5.50 EPS, Q3 2018 earnings at $5.75 EPS and Q4 2018 earnings at $3.76 EPS.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the firm earned $4.23 EPS. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird reissued a “buy” rating and set a $475.00 price target on shares of Sherwin-Williams in a research report on Wednesday, January 10th. Credit Suisse Group reissued an “outperform” rating and set a $410.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a research report on Wednesday, October 4th. Citigroup increased their price target on shares of Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Jefferies Group increased their price target on shares of Sherwin-Williams from $364.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus price target of $417.39.

Sherwin-Williams (NYSE:SHW) opened at $430.80 on Thursday. The company has a market cap of $40,282.05, a price-to-earnings ratio of 37.89, a P/E/G ratio of 1.97 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. Sherwin-Williams has a twelve month low of $280.14 and a twelve month high of $435.15.

In other news, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the sale, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at approximately $7,512,486.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,122 shares of company stock valued at $5,969,846. Corporate insiders own 1.69% of the company’s stock.

Several large investors have recently bought and sold shares of SHW. Janus Henderson Group PLC lifted its position in shares of Sherwin-Williams by 10,157.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock worth $366,368,000 after purchasing an additional 1,033,725 shares during the period. FMR LLC lifted its position in Sherwin-Williams by 18.1% during the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after acquiring an additional 621,190 shares during the period. Parametric Portfolio Associates LLC lifted its position in Sherwin-Williams by 222.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock valued at $171,109,000 after acquiring an additional 336,540 shares during the period. Vanguard Group Inc. lifted its position in Sherwin-Williams by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after acquiring an additional 315,903 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Sherwin-Williams by 30.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares during the period. 75.62% of the stock is owned by hedge funds and other institutional investors.

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Sherwin-Williams 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.

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