Sherwin-Williams Company (The) (NYSE:SHW) – Investment analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for Sherwin-Williams Company (The) in a research report issued to clients and investors on Wednesday. Jefferies Group analyst L. Alexander forecasts that the specialty chemicals company will post earnings per share of $4.58 for the quarter. Jefferies Group has a “Hold” rating and a $400.00 price objective on the stock. Jefferies Group also issued estimates for Sherwin-Williams Company (The)’s Q4 2017 earnings at $3.79 EPS.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird reiterated a “buy” rating and set a $375.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. Citigroup Inc. reiterated a “buy” rating and set a $410.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. Longbow Research upgraded Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) started coverage on Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They set a “buy” rating and a $403.00 target price on the stock. Finally, Credit Suisse Group AG upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price on the stock in a research note on Sunday, July 23rd. 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 stock presently has a consensus rating of “Buy” and a consensus price target of $382.76.

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Sherwin-Williams Company (NYSE SHW) opened at 379.90 on Friday. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $381.00. The firm has a 50 day moving average of $346.31 and a 200 day moving average of $338.54. The firm has a market capitalization of $35.27 billion, a P/E ratio of 31.32 and a beta of 1.22.

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

Several hedge funds and other institutional investors have recently modified their holdings of SHW. Vanguard Group Inc. lifted its position in Sherwin-Williams Company (The) by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock worth $2,313,506,000 after buying an additional 315,903 shares during the last quarter. BlackRock Inc. lifted its position in Sherwin-Williams Company (The) by 3.9% in the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after buying an additional 204,766 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Sherwin-Williams Company (The) by 3.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock worth $1,322,887,000 after buying an additional 136,991 shares during the last quarter. FMR LLC lifted its position in Sherwin-Williams Company (The) by 18.1% in the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after buying an additional 621,190 shares during the last quarter. Finally, State Street Corp lifted its position in Sherwin-Williams Company (The) by 1.0% in the 1st quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock worth $1,188,731,000 after buying an additional 39,010 shares during the last quarter. 73.83% of the stock is owned by institutional investors.

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