Sherwin-Williams Company (The) (NYSE:SHW) had its price target raised by investment analysts at Credit Suisse Group from $375.00 to $410.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 9.52% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Robert W. Baird restated a “buy” rating and set a $375.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, September 1st. Citigroup Inc. reiterated a “buy” rating and issued a $410.00 price objective on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. Longbow Research upgraded Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on Sherwin-Williams Company (The) in a report on Thursday, June 8th. They issued a “buy” rating and a $403.00 price objective on the stock. Finally, Northcoast Research reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $374.40.

Shares of Sherwin-Williams Company (NYSE:SHW) opened at 374.37 on Wednesday. The company has a market capitalization of $34.76 billion, a P/E ratio of 30.86 and a beta of 1.22. The firm has a 50-day moving average of $343.79 and a 200-day moving average of $337.98. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $377.24.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by ($0.02). Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the company posted $4.06 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts forecast that Sherwin-Williams Company will post $14.77 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Sherwin-Williams Company (The) by 1,591.2% in the 1st quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock valued at $1,634,079,000 after purchasing an additional 4,956,505 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in shares of Sherwin-Williams Company (The) in the 2nd quarter valued at approximately $335,861,000. Janus Henderson Group PLC grew its stake in shares of Sherwin-Williams Company (The) by 10,157.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock valued at $366,368,000 after buying an additional 1,033,725 shares during the period. Norges Bank purchased a new stake in shares of Sherwin-Williams Company (The) in the 4th quarter valued at approximately $173,995,000. Finally, Jana Partners LLC purchased a new stake in shares of Sherwin-Williams Company (The) in the 1st quarter valued at approximately $203,163,000. Hedge funds and other institutional investors own 73.83% of the company’s stock.

About Sherwin-Williams Company (The)

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 Company (The) (NYSE:SHW)

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