Sherwin-Williams (SHW) Upgraded to “Buy” at Deutsche Bank

Deutsche Bank upgraded shares of Sherwin-Williams (NYSE:SHW) from a hold rating to a buy rating in a report released on Tuesday, MarketBeat Ratings reports. They currently have $465.00 price target on the specialty chemicals company’s stock, up from their prior price target of $400.00.

SHW has been the topic of several other reports. ValuEngine cut shares of Sherwin-Williams from a buy rating to a hold rating in a research note on Wednesday, October 3rd. Credit Suisse Group set a $500.00 price objective on shares of Sherwin-Williams and gave the company a buy rating in a research note on Monday, October 15th. Zacks Investment Research raised shares of Sherwin-Williams from a hold rating to a buy rating and set a $456.00 price objective on the stock in a research note on Tuesday, October 16th. Longbow Research began coverage on shares of Sherwin-Williams in a research note on Friday, November 30th. They issued a neutral rating on the stock. Finally, Edward Jones raised shares of Sherwin-Williams from a hold rating to a buy rating in a research note on Tuesday, October 16th. Ten equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Sherwin-Williams has a consensus rating of Buy and an average target price of $469.65.

Shares of SHW opened at $389.50 on Tuesday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.66 and a current ratio of 1.04. The firm has a market capitalization of $38.07 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.66 and a beta of 1.38. Sherwin-Williams has a 1 year low of $355.28 and a 1 year high of $479.64.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, October 25th. The specialty chemicals company reported $5.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.71 by ($0.03). The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.78 billion. Sherwin-Williams had a net margin of 10.92% and a return on equity of 45.22%. As a group, equities research analysts expect that Sherwin-Williams will post 19.11 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 16th were paid a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.88%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 24.11%.

In related news, Director John M. Stropki purchased 675 shares of the stock in a transaction dated Monday, October 29th. The shares were acquired at an average cost of $375.00 per share, with a total value of $253,125.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.78% of the company’s stock.

Large investors have recently bought and sold shares of the company. Royal London Asset Management Ltd. purchased a new stake in shares of Sherwin-Williams in the 2nd quarter worth about $14,343,000. Morse Asset Management Inc boosted its position in shares of Sherwin-Williams by 26.0% in the 2nd quarter. Morse Asset Management Inc now owns 970 shares of the specialty chemicals company’s stock worth $395,000 after buying an additional 200 shares in the last quarter. JLB & Associates Inc. boosted its position in shares of Sherwin-Williams by 3.9% in the 3rd quarter. JLB & Associates Inc. now owns 5,965 shares of the specialty chemicals company’s stock worth $2,715,000 after buying an additional 224 shares in the last quarter. United Capital Management of KS Inc. purchased a new stake in shares of Sherwin-Williams in the 3rd quarter worth about $1,815,000. Finally, Adams Natural Resources Fund Inc. purchased a new stake in shares of Sherwin-Williams in the 3rd quarter worth about $5,189,000. 76.27% of the stock is currently owned by institutional investors and hedge funds.

About Sherwin-Williams

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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