Analysts at Deutsche Bank began coverage on shares of Sherwin-Williams (NYSE:SHW) in a report issued on Friday, December 22nd. The brokerage set a “hold” rating and a $420.00 price target on the specialty chemicals company’s stock. Deutsche Bank’s price objective would indicate a potential downside of 2.97% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Northcoast Research reaffirmed a “buy” rating and issued a $435.00 price objective (up previously from $375.00) on shares of Sherwin-Williams in a research report on Friday, October 6th. Moffett Nathanson assumed coverage on shares of Sherwin-Williams in a research report on Monday, December 4th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Vertical Research reissued a “hold” rating and set a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams in a research report on Wednesday, October 4th. Finally, Jefferies Group raised their price target on shares of Sherwin-Williams from $364.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $417.39.
Shares of Sherwin-Williams (NYSE SHW) traded up $7.48 during mid-day trading on Friday, hitting $432.84. 992,200 shares of the stock traded hands, compared to its average volume of 457,088. The stock has a market cap of $40,480.00, a price-to-earnings ratio of 36.68, a P/E/G ratio of 1.94 and a beta of 1.22. Sherwin-Williams has a 1-year low of $280.14 and a 1-year high of $433.90. 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 (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter last year, the firm posted $4.23 earnings per share. Sherwin-Williams’s revenue for the quarter was up 37.4% compared to the same quarter last year. equities analysts expect that Sherwin-Williams will post 15.02 earnings per share for the current year.
In related news, insider Robert J. Davisson sold 1,000 shares of Sherwin-Williams stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $407.11, for a total transaction of $407,110.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert J. Davisson sold 8,800 shares of Sherwin-Williams stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the sale, the insider now owns 14,812 shares in the company, valued at $5,777,716.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,122 shares of company stock worth $5,969,846. Company insiders own 1.69% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in Sherwin-Williams in the 2nd quarter worth about $100,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Sherwin-Williams by 7.3% in 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. Spectrum Management Group Inc. purchased a new position in Sherwin-Williams in the 3rd quarter worth about $162,000. Acrospire Investment Management LLC purchased a new position in Sherwin-Williams in the 2nd quarter worth about $169,000. Finally, Parallel Advisors LLC increased its stake in Sherwin-Williams by 13.4% in the 2nd quarter. Parallel Advisors LLC now owns 490 shares of the specialty chemicals company’s stock worth $165,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 75.60% of the company’s stock.
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Sherwin-Williams 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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