Sherwin-Williams Company (The) (SHW) Given “Outperform” Rating at Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a research note issued to investors on Wednesday morning. Credit Suisse Group currently has a $410.00 price objective on the specialty chemicals company’s stock, up from their prior price objective of $375.00.

Several other equities analysts have also recently weighed in on the company. KeyCorp reaffirmed a buy rating and set a $415.00 target price on shares of Sherwin-Williams Company (The) in a research note on Sunday, September 3rd. Robert W. Baird reaffirmed a buy rating and set a $375.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. Northcoast Research reaffirmed a buy rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Longbow Research raised Sherwin-Williams Company (The) from a neutral rating to a buy rating and set a $400.00 target price on the stock in a research note on Tuesday, June 13th. Finally, BidaskClub cut Sherwin-Williams Company (The) from a strong-buy rating to a buy rating in a research note on Saturday, July 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $385.51.

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

Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by ($0.02). Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the firm earned $4.06 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. On average, analysts anticipate that Sherwin-Williams Company will post $14.66 earnings per share for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in SHW. Tower Research Capital LLC TRC bought a new stake in Sherwin-Williams Company (The) during the second quarter worth approximately $100,000. American Beacon Advisors Inc. bought a new stake in Sherwin-Williams Company (The) during the first quarter worth approximately $106,000. Peddock Capital Advisors LLC bought a new stake in Sherwin-Williams Company (The) during the second quarter worth approximately $123,000. Parallel Advisors LLC boosted its position in Sherwin-Williams Company (The) by 2.6% during the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock worth $144,000 after purchasing an additional 11 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Sherwin-Williams Company (The) by 7.3% during 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. 73.83% of the stock is owned by hedge funds and other institutional investors.

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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