Sherwin-Williams Company (The) (NYSE:SHW) – Investment analysts at Northcoast Research raised their Q4 2017 earnings per share estimates for shares of Sherwin-Williams Company (The) in a research note issued on Tuesday. Northcoast Research analyst C. Cerankosky now anticipates that the specialty chemicals company will post earnings of $3.24 per share for the quarter, up from their prior estimate of $3.04. Northcoast Research currently has a “Buy” rating and a $435.00 target price on the stock. Northcoast Research also issued estimates for Sherwin-Williams Company (The)’s FY2018 earnings at $17.88 EPS.

SHW has been the topic of a number of other research reports. Credit Suisse Group raised Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 target price on the stock in a report on Sunday, July 23rd. BidaskClub lowered Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. J P Morgan Chase & Co began coverage on Sherwin-Williams Company (The) in a report on Monday, July 24th. They issued a “neutral” rating and a $365.00 target price on the stock. Finally, Jefferies Group LLC raised their target price on Sherwin-Williams Company (The) from $364.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $395.62.

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Sherwin-Williams Company (NYSE SHW) traded down 0.1083% during trading on Wednesday, reaching $394.7222. The company’s stock had a trading volume of 117,768 shares. The firm has a market capitalization of $36.65 billion, a price-to-earnings ratio of 32.5410 and a beta of 1.22. The stock’s 50-day moving average is $370.81 and its 200 day moving average is $348.75. Sherwin-Williams Company has a 52-week low of $240.40 and a 52-week high of $398.22.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. Sherwin-Williams Company (The)’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.23 EPS.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams Company (The)’s dividend payout ratio is 29.90%.

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in Sherwin-Williams Company (The) in the 2nd quarter valued at $100,000. American Beacon Advisors Inc. acquired a new stake in Sherwin-Williams Company (The) in the 1st quarter valued at $106,000. Peddock Capital Advisors LLC acquired a new stake in Sherwin-Williams Company (The) in the 2nd quarter valued at $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Sherwin-Williams Company (The) by 7.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after buying an additional 29 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Sherwin-Williams Company (The) by 13.4% in the 2nd quarter. Parallel Advisors LLC now owns 490 shares of the specialty chemicals company’s stock valued at $165,000 after buying an additional 58 shares in the last quarter. 73.88% of the stock is currently owned by institutional investors and hedge funds.

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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