Sherwin-Williams (NYSE:SHW) has received an average recommendation of “Buy” from the twenty-six analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $441.00.
Several analysts recently issued reports on SHW shares. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $428.00 target price for the company in a research report on Tuesday, April 3rd. Deutsche Bank started coverage on Sherwin-Williams in a research report on Friday, December 22nd. They set a “hold” rating and a $420.00 target price for the company. Citigroup increased their target price on Sherwin-Williams to $486.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Bank of America increased their target price on Sherwin-Williams from $435.00 to $470.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Sherwin-Williams in a research report on Sunday, January 28th.
In other Sherwin-Williams news, insider Peter J. Ippolito sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $409.26, for a total transaction of $306,945.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.78% of the company’s stock.
Large investors have recently bought and sold shares of the company. USA Mutuals Advisors Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $106,000. BTIM Corp. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $202,000. Chemung Canal Trust Co. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $204,000. New England Research & Management Inc. bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $205,000. Finally, S. R. Schill & Associates bought a new stake in shares of Sherwin-Williams during the 4th quarter worth approximately $205,000. 75.58% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:SHW traded down $3.54 during trading on Thursday, hitting $397.34. 191,760 shares of the company’s stock were exchanged, compared to its average volume of 635,563. 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 has a 52-week low of $317.19 and a 52-week high of $435.15. The stock has a market capitalization of $37,449.01, a P/E ratio of 27.84, a P/E/G ratio of 1.78 and a beta of 1.17.
Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the business posted $2.15 EPS. The business’s revenue for the quarter was up 43.0% compared to the same quarter last year. research analysts predict that Sherwin-Williams will post 19.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 0.87%. Sherwin-Williams’s dividend payout ratio is presently 24.11%.
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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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