Sherwin-Williams Co (NYSE:SHW) – Analysts at Northcoast Research issued their Q1 2018 earnings per share (EPS) estimates for Sherwin-Williams in a report issued on Monday, according to Zacks Investment Research. Northcoast Research analyst C. Cerankosky anticipates that the specialty chemicals company will post earnings of $2.79 per share for the quarter. Northcoast Research also issued estimates for Sherwin-Williams’ Q2 2018 earnings at $5.61 EPS, Q3 2018 earnings at $6.10 EPS, Q4 2018 earnings at $4.03 EPS, FY2018 earnings at $18.53 EPS and FY2019 earnings at $21.58 EPS.
Several other equities analysts have also commented on the company. Susquehanna Bancshares reaffirmed a “positive” rating and set a $483.00 target price (down from $511.00) on shares of Sherwin-Williams in a report on Tuesday. Seaport Global Securities raised Sherwin-Williams from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada increased their price objective on Sherwin-Williams to $485.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. KeyCorp reissued a “buy” rating and issued a $500.00 price objective (up from $465.00) on shares of Sherwin-Williams in a report on Monday, January 29th. They noted that the move was a valuation call. Finally, Barclays reissued a “hold” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams has an average rating of “Buy” and a consensus target price of $436.20.
Sherwin-Williams (SHW) opened at $405.66 on Tuesday. The company has a market capitalization of $37,930.00, a P/E ratio of 21.31, a PEG ratio of 1.82 and a beta of 1.17. Sherwin-Williams has a fifty-two week low of $305.70 and a fifty-two week high of $435.15. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 2.68.
Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($0.23). The company had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.91 billion. Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The firm’s revenue for the quarter was up 43.0% compared to the same quarter last year. During the same period last year, the company posted $2.15 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 26th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 0.85%. This is an increase from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s dividend payout ratio is 17.86%.
In other Sherwin-Williams news, insider Robert J. Davisson sold 8,800 shares of the company’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 completion of the sale, the insider now directly owns 14,812 shares in the company, valued at $5,777,716.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert J. Wells sold 2,946 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the sale, the senior vice president now owns 18,363 shares of the company’s stock, valued at $7,512,486.93. The disclosure for this sale can be found here. Insiders sold 15,122 shares of company stock valued at $5,969,846 over the last 90 days. 1.69% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in SHW. Janus Henderson Group PLC lifted its position in shares of Sherwin-Williams by 10,157.5% during the 2nd quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock valued at $366,368,000 after acquiring an additional 1,033,725 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Sherwin-Williams by 30.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares during the last quarter. Atlantic Trust Group LLC acquired a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $87,798,000. Koch Industries Inc. acquired a new stake in shares of Sherwin-Williams during the 2nd quarter valued at $235,000. Finally, Fred Alger Management Inc. lifted its position in shares of Sherwin-Williams by 57.3% during the 4th quarter. Fred Alger Management Inc. now owns 640,717 shares of the specialty chemicals company’s stock valued at $262,720,000 after acquiring an additional 233,329 shares during the last quarter. Institutional investors own 76.06% 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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