Share on StockTwits

Sherwin-Williams Company (NYSE:SHW) was upgraded by analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, American Banking & Market News reports.

A number of other analysts have also recently weighed in on SHW. Analysts at Barclays cut their price target on shares of Sherwin-Williams Company from $205.00 to $197.00 in a research note on Tuesday, February 11th. They now have an “equal weight” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Sherwin-Williams Company from $167.00 to $170.00 in a research note on Tuesday, February 11th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Tuesday, February 4th. They now have a $186.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Sherwin-Williams Company currently has a consensus rating of “Buy” and a consensus price target of $197.21.

Sherwin-Williams Company (NYSE:SHW) traded up 0.10% during mid-day trading on Friday, hitting $193.59. The stock had a trading volume of 734,686 shares. Sherwin-Williams Company has a 52-week low of $153.94 and a 52-week high of $198.47. The stock’s 50-day moving average is $188.1 and its 200-day moving average is $182.2. The company has a market cap of $19.263 billion and a price-to-earnings ratio of 26.64.

Sherwin-Williams Company (NYSE:SHW) last released its earnings data on Friday, January 31st. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by $0.10. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.43 billion. Analysts expect that Sherwin-Williams Company will post $8.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, February 27th. This is a boost from Sherwin-Williams Company’s previous quarterly dividend of $0.50.

In other Sherwin-Williams Company news, Insider Timothy Knight sold 28,950 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $191.26, for a total transaction of $5,536,977.00. Following the sale, the insider now directly owns 13,417 shares in the company, valued at approximately $2,566,135. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

The Sherwin-Williams Company (NYSE:SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.