FY2018 Earnings Estimate for Sherwin-Williams Company (The) (SHW) Issued By Northcoast Research

Sherwin-Williams Company (The) (NYSE:SHW) – Stock analysts at Northcoast Research raised their FY2018 earnings per share estimates for Sherwin-Williams Company (The) in a research report issued to clients and investors on Thursday. Northcoast Research analyst C. Cerankosky now anticipates that the specialty chemicals company will post earnings per share of $17.69 for the year, up from their previous estimate of $17.65. Northcoast Research currently has a “Buy” rating and a $435.00 price target on the stock. Northcoast Research also issued estimates for Sherwin-Williams Company (The)’s FY2019 earnings at $21.24 EPS.

Several other equities analysts have also recently issued reports on SHW. BidaskClub cut Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Morgan Stanley set a $425.00 price target on Sherwin-Williams Company (The) and gave the stock an “overweight” rating in a report on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $410.00 price target (up previously from $375.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday. KeyCorp reaffirmed an “overweight” rating and issued a $440.00 price target (up previously from $415.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday. Finally, Vertical Research reaffirmed a “hold” rating and issued a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $385.51.

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Shares of Sherwin-Williams Company (NYSE:SHW) opened at 383.47 on Friday. The company’s 50 day moving average price is $347.85 and its 200 day moving average price is $339.05. The stock has a market cap of $35.60 billion, a PE ratio of 31.61 and a beta of 1.22. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $383.64.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the consensus estimate of $4.54 by ($0.02). Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the business earned $4.06 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year.

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in Sherwin-Williams Company (The) during the 2nd quarter worth approximately $100,000. American Beacon Advisors Inc. purchased a new stake in shares of Sherwin-Williams Company (The) in the first quarter valued at approximately $106,000. Peddock Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams Company (The) in the second quarter valued at approximately $123,000. Parallel Advisors LLC grew its position in shares of Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 11 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position 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 valued at $145,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 73.83% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, August 16th. This represents a $3.40 annualized dividend and a yield of 0.89%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.

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.

Earnings History and Estimates for Sherwin-Williams Company (The) (NYSE:SHW)

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