Investors sold shares of Sherwin-Williams Co (NYSE:SHW) on strength during trading on Friday. $52.30 million flowed into the stock on the tick-up and $79.74 million flowed out of the stock on the tick-down, for a money net flow of $27.44 million out of the stock. Of all equities tracked, Sherwin-Williams had the 26th highest net out-flow for the day. Sherwin-Williams traded up $0.79 for the day and closed at $397.29
SHW has been the topic of a number of recent research reports. KeyCorp reiterated a “buy” rating and issued a $415.00 target price on shares of Sherwin-Williams in a report on Sunday, September 3rd. Robert W. Baird restated a “buy” rating and set a $375.00 price objective on shares of Sherwin-Williams in a research note on Friday, September 1st. Credit Suisse Group upgraded Sherwin-Williams to a “buy” rating and set a $375.00 price objective on the stock in a research note on Sunday, July 23rd. Northcoast Research restated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, July 19th. Finally, UBS AG raised their price objective on Sherwin-Williams from $375.00 to $395.00 and gave the company a “neutral” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $395.62.
The company has a market capitalization of $36.88 billion, a price-to-earnings ratio of 32.75 and a beta of 1.22. The firm’s 50-day moving average price is $365.02 and its 200-day moving average price is $346.32.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 49.49% and a net margin of 7.02%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same quarter last year, the business posted $4.23 earnings per share. The firm’s revenue was up 37.4% on a year-over-year basis. On average, equities research analysts expect that Sherwin-Williams Co will post $14.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams’s dividend payout ratio is currently 29.90%.
Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $100,000. American Beacon Advisors Inc. purchased a new stake in shares of Sherwin-Williams during the first quarter worth about $106,000. Peddock Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Sherwin-Williams 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 in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Sherwin-Williams 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 in the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.
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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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