Shares of Sherwin-Williams Co (NYSE:SHW) have been given an average rating of “Buy” by the twenty-three brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $413.64.

A number of equities analysts recently commented on SHW shares. Robert W. Baird reiterated a “buy” rating and issued a $375.00 price target on shares of Sherwin-Williams in a research note on Friday, September 29th. Zacks Investment Research upgraded Sherwin-Williams from a “hold” rating to a “buy” rating and set a $380.00 price target for the company in a research note on Wednesday, September 20th. Royal Bank of Canada reiterated a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, September 20th. Longbow Research reiterated a “buy” rating and issued a $440.00 price target (up from $400.00) on shares of Sherwin-Williams in a research note on Monday, October 9th. Finally, Northcoast Research reiterated a “buy” rating and issued a $435.00 price target (up from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th.

Sherwin-Williams (NYSE:SHW) traded up $2.34 during trading hours on Tuesday, reaching $424.00. The company had a trading volume of 425,900 shares, compared to its average volume of 445,340. The firm has a market capitalization of $39,740.00, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 1.95 and a beta of 1.22. Sherwin-Williams has a fifty-two week low of $276.14 and a fifty-two week high of $424.58. 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 posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period last year, the firm earned $4.23 earnings per share. analysts expect that Sherwin-Williams will post 15.02 earnings per share for the current fiscal year.

In other news, SVP Robert J. Wells sold 2,946 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the completion of the transaction, the senior vice president now directly owns 18,363 shares in the company, valued at $7,512,486.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the transaction, the insider now owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BRYN MAWR TRUST Co boosted its position in shares of Sherwin-Williams by 0.7% during the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after buying an additional 7 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Sherwin-Williams by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 3,372 shares of the specialty chemicals company’s stock worth $1,182,000 after buying an additional 30 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Sherwin-Williams by 1.5% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,150 shares of the specialty chemicals company’s stock worth $755,000 after buying an additional 31 shares during the period. National Asset Management Inc. boosted its position in shares of Sherwin-Williams by 3.1% during the second quarter. National Asset Management Inc. now owns 1,244 shares of the specialty chemicals company’s stock worth $438,000 after buying an additional 37 shares during the period. Finally, Suntrust Banks Inc. boosted its position in shares of Sherwin-Williams by 0.3% during the second quarter. Suntrust Banks Inc. now owns 19,366 shares of the specialty chemicals company’s stock worth $6,796,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 75.60% of the company’s stock.

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Sherwin-Williams 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.

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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