Sherwin-Williams (NYSE:SHW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, January 5th. The brokerage currently has a $463.00 price objective on the specialty chemicals company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 6.97% from the stock’s previous close.
According to Zacks, “Sherwin-Williams has outperformed the industry it belongs to over a year. The buyout of Valspar has expanded the company's brand portfolio and positioned it as a leading paints and coatings provider globally. Sherwin-Williams should gain from significant synergies of the Valspar acquisition. Sherwin-Williams’ aggressive cost control initiatives, working capital reductions, supply chain optimization and productivity improvement should continue to yield margin benefits. It also remains focused on growth through expansion of operations.”
Other analysts also recently issued reports about the company. Zelman & Associates upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Longbow Research restated a “buy” rating and set a $440.00 target price (up from $400.00) on shares of Sherwin-Williams in a research note on Monday, October 9th. Northcoast Research restated a “buy” rating and set a $435.00 target price (up from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th. Bank of America upgraded Sherwin-Williams from an “underperform” rating to a “buy” rating and raised their target price for the company from $325.00 to $435.00 in a research note on Thursday, October 5th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $375.00 price target on shares of Sherwin-Williams in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Sherwin-Williams currently has an average rating of “Buy” and a consensus price target of $417.39.
Shares of Sherwin-Williams (NYSE SHW) traded up $7.48 on Friday, hitting $432.84. The company had a trading volume of 1,020,713 shares, compared to its average volume of 374,286. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. The stock has a market cap of $39,777.08, a price-to-earnings ratio of 38.07, a P/E/G ratio of 1.94 and a beta of 1.22. Sherwin-Williams has a twelve month low of $280.14 and a twelve month high of $433.90.
Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period last year, the company posted $4.23 EPS. The business’s quarterly revenue was up 37.4% on a year-over-year basis. equities research analysts forecast that Sherwin-Williams will post 15.02 EPS for the current year.
In other news, insider Robert J. Davisson sold 1,000 shares of Sherwin-Williams stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $407.11, for a total transaction of $407,110.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert J. Davisson sold 8,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the sale, the insider now directly owns 14,812 shares in the company, valued at approximately $5,777,716.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,122 shares of company stock worth $5,969,846. Corporate insiders own 1.69% of the company’s stock.
Large investors have recently made changes to their positions in the stock. BRYN MAWR TRUST Co increased its holdings in shares of Sherwin-Williams by 0.7% in the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock valued at $361,000 after buying an additional 7 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Sherwin-Williams by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 3,372 shares of the specialty chemicals company’s stock valued at $1,182,000 after buying an additional 30 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its holdings in shares of Sherwin-Williams by 1.5% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,150 shares of the specialty chemicals company’s stock valued at $755,000 after buying an additional 31 shares in the last quarter. National Asset Management Inc. increased its holdings in shares of Sherwin-Williams by 3.1% in the second quarter. National Asset Management Inc. now owns 1,244 shares of the specialty chemicals company’s stock valued at $438,000 after buying an additional 37 shares in the last quarter. Finally, Suntrust Banks Inc. increased its holdings in shares of Sherwin-Williams by 0.3% in the second quarter. Suntrust Banks Inc. now owns 19,366 shares of the specialty chemicals company’s stock valued at $6,796,000 after buying an additional 52 shares in the last quarter. 75.60% of the stock is currently owned by hedge funds and other institutional investors.
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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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