Sherwin-Williams Company (The) (NYSE:SHW) – Equities research analysts at Northcoast Research increased their FY2018 EPS estimates for Sherwin-Williams Company (The) in a note issued to investors on Thursday. Northcoast Research analyst C. Cerankosky now anticipates that the specialty chemicals company will post earnings per share of $17.69 for the year, up from their previous estimate of $17.65. Northcoast Research currently has a “Buy” rating and a $435.00 price target on the stock. Northcoast Research also issued estimates for Sherwin-Williams Company (The)’s FY2019 earnings at $21.24 EPS.

Several other equities research analysts also recently commented on the company. Bank of America Corporation raised Sherwin-Williams Company (The) from an “underperform” rating to a “buy” rating and increased their price objective for the company from $325.00 to $435.00 in a report on Thursday. Vertical Research reissued a “hold” rating and issued a $375.00 price objective (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday. Morgan Stanley set a $425.00 price objective on Sherwin-Williams Company (The) and gave the company an “overweight” rating in a report on Wednesday. Credit Suisse Group AG reissued an “outperform” rating and issued a $410.00 price objective (up previously from $375.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday. Finally, Jefferies Group LLC increased their price objective on Sherwin-Williams Company (The) from $364.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $385.51.

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Sherwin-Williams Company (NYSE:SHW) traded up 0.24% during mid-day trading on Friday, reaching $380.83. 275,531 shares of the company’s stock were exchanged. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $382.36. The stock has a 50-day moving average price of $346.31 and a 200 day moving average price of $338.54. The company has a market cap of $35.36 billion, a PE ratio of 31.40 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.54 by ($0.02). The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. Sherwin-Williams Company (The)’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.06 earnings per share.

A number of institutional investors have recently made changes to their positions in SHW. BlackRock Inc. lifted its holdings in Sherwin-Williams Company (The) by 1,591.2% during 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. Janus Henderson Group PLC lifted its holdings in Sherwin-Williams Company (The) by 10,157.5% during 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 purchasing an additional 1,033,725 shares during the last quarter. Jana Partners LLC acquired a new stake in Sherwin-Williams Company (The) during the 1st quarter valued at $203,163,000. Renaissance Technologies LLC lifted its holdings in Sherwin-Williams Company (The) by 195.1% during the 1st quarter. Renaissance Technologies LLC now owns 961,900 shares of the specialty chemicals company’s stock valued at $298,372,000 after purchasing an additional 635,900 shares during the last quarter. Finally, FMR LLC lifted its holdings in Sherwin-Williams Company (The) by 18.1% during the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after purchasing an additional 621,190 shares during the last quarter. 73.83% of the stock is owned by institutional investors and hedge funds.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio is 28.05%.

Sherwin-Williams Company (The) 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.

Earnings History and Estimates for Sherwin-Williams Company (The) (NYSE:SHW)

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