Sherwin-Williams Co (SHW) Coverage Initiated by Analysts at Jefferies Group LLC
Investment analysts at Jefferies Group LLC initiated coverage on shares of Sherwin-Williams Co (NYSE:SHW) in a report issued on Friday, The Fly reports. The firm set a “hold” rating on the specialty chemicals company’s stock.
SHW has been the topic of a number of other reports. Morgan Stanley set a $335.00 target price on shares of Sherwin-Williams and gave the stock a “buy” rating in a research report on Tuesday, February 7th. Zacks Investment Research downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Monday, February 20th. Royal Bank of Canada reissued a “buy” rating and set a $350.00 price target on shares of Sherwin-Williams in a research note on Tuesday, March 28th. Barclays PLC boosted their price target on shares of Sherwin-Williams from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Monday, April 24th. Finally, Credit Suisse Group AG set a $344.00 price target on shares of Sherwin-Williams and gave the stock a “buy” rating in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $340.73.
Sherwin-Williams (NYSE:SHW) opened at 334.09 on Friday. Sherwin-Williams has a 1-year low of $239.48 and a 1-year high of $339.62. The firm has a market cap of $30.92 billion, a price-to-earnings ratio of 26.17 and a beta of 1.00. The company’s 50 day moving average is $327.58 and its 200-day moving average is $299.12.
Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.20. Sherwin-Williams had a net margin of 9.40% and a return on equity of 82.20%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the business earned $1.81 earnings per share. Sherwin-Williams’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Sherwin-Williams will post $14.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, May 17th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.50%.
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In related news, insider Robert J. Davisson sold 10,500 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $335.00, for a total value of $3,517,500.00. Following the completion of the sale, the insider now owns 7,166 shares of the company’s stock, valued at $2,400,610. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Catherine M. Kilbane sold 22,635 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $324.47, for a total value of $7,344,378.45. Following the completion of the sale, the senior vice president now directly owns 16,635 shares of the company’s stock, valued at approximately $5,397,558.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,955 shares of company stock valued at $15,525,668. Insiders own 1.89% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SHW. American Beacon Advisors Inc. acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $106,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $104,000. Barometer Capital Management Inc. acquired a new stake in shares of Sherwin-Williams during the first quarter worth approximately $124,000. Parallel Advisors LLC acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $113,000. Finally, Financial Architects Inc raised its stake in shares of Sherwin-Williams by 218.4% in the first quarter. Financial Architects Inc now owns 433 shares of the specialty chemicals company’s stock worth $134,000 after buying an additional 297 shares during the last quarter. 72.94% of the stock is owned by institutional investors.
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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