Sherwin-Williams Company (The) (NYSE:SHW) Given New $442.00 Price Target at Citigroup Inc.

Sherwin-Williams Company (The) (NYSE:SHW) had its price target boosted by Citigroup Inc. from $405.00 to $442.00 in a report published on Wednesday, October 25th. They currently have a buy rating on the specialty chemicals company’s stock.

A number of other research analysts have also recently issued reports on the company. KeyCorp reiterated a buy rating and set a $415.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Sunday, September 3rd. UBS AG lifted their price objective on Sherwin-Williams Company (The) from $375.00 to $395.00 and gave the company a neutral rating in a research note on Wednesday, October 25th. Robert W. Baird reiterated a buy rating and set a $375.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a buy rating and set a $375.00 price objective for the company in a research note on Sunday, July 23rd. Finally, Northcoast Research reiterated a buy rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Two 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. The company presently has a consensus rating of Hold and an average price target of $398.25.

Sherwin-Williams Company (SHW) traded up $2.43 during midday trading on Wednesday, hitting $389.46. The company 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 price-to-earnings ratio of 27.88, a PEG ratio of 2.16 and a beta of 1.22. Sherwin-Williams Company has a one year low of $260.00 and a one year high of $398.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion during 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 firm’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.23 earnings per share. research analysts predict that Sherwin-Williams Company will post 15.04 EPS for the current year.

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The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 29.90%.

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in Sherwin-Williams Company (The) during the second quarter valued at $100,000. American Beacon Advisors Inc. bought a new stake in Sherwin-Williams Company (The) during the first quarter valued at about $106,000. Peddock Capital Advisors LLC bought a new stake in Sherwin-Williams Company (The) during the second quarter valued at about $123,000. Parallel Advisors LLC grew its holdings 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 valued at $144,000 after purchasing an additional 11 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings 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 valued at $145,000 after purchasing an additional 29 shares during the period. Institutional investors own 73.73% of the company’s stock.

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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