Sherwin-Williams Company (The) (SHW) Upgraded to “Buy” at Zelman & Associates

Sherwin-Williams Company (The) (NYSE:SHW) was upgraded by equities research analysts at Zelman & Associates from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, October 18th.

A number of other equities analysts have also weighed in on the company. Credit Suisse Group raised Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price on the stock in a research report on Sunday, July 23rd. Citigroup Inc. reiterated a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. BidaskClub downgraded Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Northcoast Research restated a “buy” rating and issued a $435.00 target price (up previously from $375.00) on shares of Sherwin-Williams Company (The) in a research note on Friday, October 6th. Finally, Vertical Research restated a “hold” rating and issued a $335.00 target price (up previously from $316.00) on shares of Sherwin-Williams Company (The) in a research note on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $395.62.

Sherwin-Williams Company (SHW) traded up 0.20% on Wednesday, reaching $397.29. 601,630 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $368.11 and a 200-day moving average of $347.29. The firm has a market capitalization of $36.88 billion, a price-to-earnings ratio of 32.75 and a beta of 1.22. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $398.22.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.70 by $0.05. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. The business’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.23 earnings per share. On average, equities analysts expect that Sherwin-Williams Company will post $14.47 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of SHW. Oxford Asset Management purchased a new position in shares of Sherwin-Williams Company (The) in the first quarter worth $250,000. Bernicke Wealth Management Ltd. purchased a new position in shares of Sherwin-Williams Company (The) in the first quarter worth $262,000. Boston Financial Mangement LLC raised its stake in shares of Sherwin-Williams Company (The) by 47.0% in the first quarter. Boston Financial Mangement LLC now owns 15,986 shares of the specialty chemicals company’s stock worth $4,959,000 after purchasing an additional 5,112 shares during the last quarter. ShearLink Capital LLC purchased a new stake in Sherwin-Williams Company (The) during the first quarter valued at $9,523,000. Finally, FDO Partners LLC purchased a new stake in Sherwin-Williams Company (The) during the first quarter valued at $1,498,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

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.

Analyst Recommendations for Sherwin-Williams Company (The) (NYSE:SHW)

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