Sherwin-Williams (SHW) Receives Overweight Rating from KeyCorp

KeyCorp reaffirmed their overweight rating on shares of Sherwin-Williams (NYSE:SHW) in a research report sent to investors on Thursday morning. They currently have a $465.00 target price on the specialty chemicals company’s stock, up from their previous target price of $440.00.

Several other research firms also recently commented on SHW. Robert W. Baird reissued a buy rating and issued a $475.00 target price on shares of Sherwin-Williams in a report on Wednesday, January 10th. Zacks Investment Research raised shares of Sherwin-Williams from a hold rating to a buy rating and set a $463.00 target price on the stock in a report on Friday, January 5th. Deutsche Bank assumed coverage on shares of Sherwin-Williams in a report on Friday, December 22nd. They issued a hold rating and a $420.00 target price on the stock. Raymond James Financial assumed coverage on shares of Sherwin-Williams in a report on Tuesday, December 19th. They issued a strong-buy rating and a $496.00 target price on the stock. Finally, Royal Bank of Canada reissued a buy rating and issued a $455.00 target price on shares of Sherwin-Williams in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $417.39.

Sherwin-Williams (NYSE SHW) traded up $7.48 during mid-day trading on Thursday, hitting $432.84. 1,020,700 shares of the stock traded hands, compared to its average volume of 491,122. 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 current ratio of 1.07 and a quick ratio of 0.68. The stock has a market capitalization of $40,480.00, a P/E ratio of 36.68, a PEG ratio of 1.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the 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 the consensus estimate of $4.45 billion. During the same quarter in the previous year, the firm earned $4.23 earnings per share. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. equities analysts expect that Sherwin-Williams will post 15.02 EPS for the current fiscal year.

In related news, insider Robert J. Davisson sold 1,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $407.11, for a total transaction of $407,110.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert J. Wells sold 2,946 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the sale, the senior vice president now directly owns 18,363 shares in the company, valued at approximately $7,512,486.93. 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. 1.69% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in SHW. Janus Henderson Group PLC raised its stake in shares of Sherwin-Williams by 10,157.5% in the second 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 period. FMR LLC raised its stake in shares of Sherwin-Williams by 18.1% in the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after acquiring an additional 621,190 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Sherwin-Williams by 222.9% in the second quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock valued at $171,109,000 after acquiring an additional 336,540 shares during the period. Vanguard Group Inc. raised its stake in shares of Sherwin-Williams by 5.0% in the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after acquiring an additional 315,903 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Sherwin-Williams by 30.6% in the third 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 period. 75.62% of the stock is currently owned by institutional investors and hedge funds.

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About Sherwin-Williams

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.

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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