FY2017 EPS Estimates for Sherwin-Williams Company (The) (NYSE:SHW) Lifted by Seaport Global Securities

Sherwin-Williams Company (The) (NYSE:SHW) – Analysts at Seaport Global Securities raised their FY2017 earnings per share estimates for shares of Sherwin-Williams Company (The) in a report issued on Wednesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Harrison now expects that the specialty chemicals company will post earnings of $14.99 per share for the year, up from their prior forecast of $14.72. Seaport Global Securities also issued estimates for Sherwin-Williams Company (The)’s Q3 2018 earnings at $5.97 EPS.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird reaffirmed a “buy” rating and set a $425.00 price target on shares of Sherwin-Williams Company (The) in a report on Friday. UBS AG reiterated a “neutral” rating and set a $375.00 price objective (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 26th. Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price objective on the stock in a research note on Sunday, July 23rd. Northcoast Research reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Finally, Citigroup Inc. raised their price objective on shares of Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $398.25.

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Sherwin-Williams Company (NYSE SHW) traded up $2.43 on Friday, hitting $389.46. The stock had a trading volume of 250,000 shares, compared to its average volume of 645,608. The company has a market capitalization of $36,192.69, a PE ratio of 27.88, a PEG ratio of 2.16 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. Sherwin-Williams Company has a 52 week low of $260.00 and a 52 week high of $398.22.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. Sherwin-Williams Company (The)’s revenue was up 37.4% on a year-over-year basis. During the same quarter last year, the company posted $4.23 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Sherwin-Williams Company (The) by 3.9% during the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after purchasing an additional 204,766 shares in the last quarter. Principal Financial Group Inc. grew its position in Sherwin-Williams Company (The) by 6.1% during the 2nd quarter. Principal Financial Group Inc. now owns 809,752 shares of the specialty chemicals company’s stock worth $284,191,000 after purchasing an additional 46,800 shares in the last quarter. Andra AP fonden grew its position in Sherwin-Williams Company (The) by 13.6% during the 2nd quarter. Andra AP fonden now owns 14,200 shares of the specialty chemicals company’s stock worth $4,984,000 after purchasing an additional 1,700 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Sherwin-Williams Company (The) by 7.3% during the 2nd 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, Capital Analysts LLC grew its position in Sherwin-Williams Company (The) by 7.4% during the 2nd quarter. Capital Analysts LLC now owns 2,823 shares of the specialty chemicals company’s stock worth $991,000 after purchasing an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.87%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 29.90%.

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.

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

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