Sherwin-Williams Company (The) (NYSE:SHW) – Stock analysts at KeyCorp dropped their Q3 2017 EPS estimates for shares of Sherwin-Williams Company (The) in a note issued to investors on Tuesday. KeyCorp analyst M. Sison now expects that the specialty chemicals company will post earnings of $4.75 per share for the quarter, down from their previous estimate of $5.00. KeyCorp currently has a “Overweight” rating and a $440.00 price target on the stock. KeyCorp also issued estimates for Sherwin-Williams Company (The)’s FY2018 earnings at $18.25 EPS.

Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results 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). The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 earnings per share.

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SHW has been the topic of several other research reports. Credit Suisse Group AG upgraded shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price objective on the stock in a research note on Sunday, July 23rd. Citigroup Inc. reiterated a “buy” rating and issued a $410.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Goldman Sachs Group, Inc. (The) began coverage on shares of Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They issued a “buy” rating and a $403.00 price objective on the stock. Finally, Vertical Research reiterated a “hold” rating and issued a $335.00 price objective (up previously from $316.00) on shares of Sherwin-Williams Company (The) in a research note on Monday, June 26th. Two research 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. Sherwin-Williams Company (The) has a consensus rating of “Buy” and a consensus price target of $382.76.

Shares of Sherwin-Williams Company (NYSE:SHW) opened at 379.90 on Friday. The firm has a 50-day moving average of $346.31 and a 200 day moving average of $338.54. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $381.00. The stock has a market capitalization of $35.27 billion, a PE ratio of 31.32 and a beta of 1.22.

A number of institutional investors and hedge funds have recently bought and sold shares of SHW. Tower Research Capital LLC TRC acquired a new stake in Sherwin-Williams Company (The) in the 2nd quarter valued at about $100,000. American Beacon Advisors Inc. acquired a new stake in shares of Sherwin-Williams Company (The) during the 1st quarter worth approximately $106,000. Peddock Capital Advisors LLC acquired a new stake in shares of Sherwin-Williams Company (The) during the 2nd quarter worth approximately $123,000. Parallel Advisors LLC grew its position in shares of Sherwin-Williams Company (The) by 2.6% during the 1st quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 11 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of Sherwin-Williams Company (The) by 7.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 73.83% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 28.05%.

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.

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

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