Sherwin-Williams (NYSE:SHW)‘s stock had its “buy” rating restated by stock analysts at Royal Bank of Canada in a report released on Thursday. They currently have a $455.00 price target on the specialty chemicals company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 12.22% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. KeyCorp restated a “buy” rating and issued a $415.00 price target on shares of Sherwin-Williams in a report on Sunday, September 3rd. Wells Fargo & Company reissued a “market perform” rating and set a $400.00 price target (up from $360.00) on shares of Sherwin-Williams in a research report on Wednesday, October 25th. UBS increased their price target on Sherwin-Williams from $375.00 to $395.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Citigroup raised their price objective on Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $375.00 price objective on shares of Sherwin-Williams in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $404.10.

Shares of Sherwin-Williams (NYSE:SHW) opened at $405.45 on Thursday. Sherwin-Williams has a fifty-two week low of $265.14 and a fifty-two week high of $413.98. The company has a market capitalization of $38,062.03, a PE ratio of 29.32, a P/E/G ratio of 2.27 and a beta of 1.22. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the company earned $4.23 earnings per share. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. equities analysts expect that Sherwin-Williams will post 15.04 EPS for the current fiscal year.

In related news, insider Robert J. Davisson sold 8,800 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the sale, the insider now owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares in the company, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,122 shares of company stock worth $5,969,846. Company insiders own 1.69% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in Sherwin-Williams in the 2nd quarter valued at about $100,000. American Beacon Advisors Inc. bought a new stake in Sherwin-Williams in the 1st quarter valued at about $106,000. Peddock Capital Advisors LLC bought a new stake in Sherwin-Williams in the 2nd quarter valued at about $123,000. Massmutual Trust Co. FSB ADV bought a new stake in Sherwin-Williams in the 4th quarter valued at about $104,000. Finally, Nikko Asset Management Americas Inc. bought a new stake in Sherwin-Williams in the 1st quarter valued at about $114,000. 75.98% of the stock is currently owned by institutional investors.

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About Sherwin-Williams

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 (NYSE:SHW)

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