Sherwin-Williams Company (The) (NYSE:SHW)‘s stock had its “hold” rating reiterated by investment analysts at Vertical Research in a report released on Wednesday. They currently have a $375.00 price target on the specialty chemicals company’s stock, up from their prior price target of $335.00. Vertical Research’s price target indicates a potential upside of 0.22% from the stock’s previous close.

Other research analysts have also issued reports about the stock. UBS AG reissued a “neutral” rating and set a $341.00 target price (up from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. Royal Bank Of Canada increased their target price on shares of Sherwin-Williams Company (The) from $390.00 to $423.00 and gave the stock an “outperform” rating in a research note on Wednesday. KeyCorp reissued an “overweight” rating and set a $440.00 target price (up from $415.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday. Jefferies Group LLC increased their target price on shares of Sherwin-Williams Company (The) from $364.00 to $400.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Credit Suisse Group reissued an “outperform” rating and set a $410.00 target price (up from $375.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Sherwin-Williams Company (The) has a consensus rating of “Hold” and an average price target of $379.69.

Sherwin-Williams Company (SHW) traded down 0.05% during midday trading on Wednesday, reaching $374.17. 704,984 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $343.79 and its 200 day moving average price is $337.98. The firm has a market cap of $34.74 billion, a price-to-earnings ratio of 30.85 and a beta of 1.22. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $377.24.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by ($0.02). The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.06 earnings per share. Equities research analysts anticipate that Sherwin-Williams Company will post $14.76 EPS for the current year.

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Several hedge funds have recently made changes to their positions in SHW. Oxford Asset Management purchased a new stake in shares of Sherwin-Williams Company (The) in the first quarter valued at about $250,000. Pacer Advisors Inc. raised its holdings in shares of Sherwin-Williams Company (The) by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,728 shares of the specialty chemicals company’s stock valued at $536,000 after purchasing an additional 55 shares during the last quarter. Delta Lloyd NV raised its holdings in shares of Sherwin-Williams Company (The) by 0.8% in the first quarter. Delta Lloyd NV now owns 27,571 shares of the specialty chemicals company’s stock valued at $9,227,000 after purchasing an additional 213 shares during the last quarter. Aberdeen Asset Management PLC UK raised its holdings in shares of Sherwin-Williams Company (The) by 10.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 17,011 shares of the specialty chemicals company’s stock valued at $5,276,000 after purchasing an additional 1,611 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. raised its holdings in shares of Sherwin-Williams Company (The) by 4.2% in the first quarter. McKinley Carter Wealth Services Inc. now owns 6,591 shares of the specialty chemicals company’s stock valued at $2,044,000 after purchasing an additional 264 shares during the last quarter. 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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