Sherwin-Williams (SHW) Rating Reiterated by Credit Suisse Group

Sherwin-Williams (NYSE:SHW)‘s stock had its “hold” rating reissued by equities research analysts at Credit Suisse Group in a research report issued on Wednesday. They presently have a $473.00 target price on the specialty chemicals company’s stock. Credit Suisse Group’s price target would suggest a potential upside of 11.64% from the stock’s current price.

Several other equities research analysts have also recently issued reports on SHW. Robert W. Baird reaffirmed a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams in a report on Friday, September 29th. Zacks Investment Research cut Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Royal Bank of Canada boosted their price objective on Sherwin-Williams from $390.00 to $423.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. KeyCorp reissued an “overweight” rating and set a $440.00 price objective (up from $415.00) on shares of Sherwin-Williams in a research note on Wednesday, October 4th. Finally, Jefferies Group boosted their price objective on Sherwin-Williams from $364.00 to $400.00 and gave the stock a “hold” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and an average price target of $430.32.

Sherwin-Williams (SHW) traded down $0.98 during trading hours on Wednesday, reaching $423.68. The company’s stock had a trading volume of 949,622 shares, compared to its average volume of 542,252. Sherwin-Williams has a twelve month low of $300.17 and a twelve month high of $435.15. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $39,620.00, a PE ratio of 22.25, a PEG ratio of 2.03 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($0.23). Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm posted $2.15 earnings per share. The company’s revenue for the quarter was up 43.0% compared to the same quarter last year. research analysts forecast that Sherwin-Williams will post 17.99 EPS for the current year.

In other Sherwin-Williams news, 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 transaction of $924,881.76. Following the completion of the transaction, the insider now owns 3,302 shares in the company, valued at $1,285,336.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Davisson sold 8,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total value of $3,432,616.00. Following the transaction, the insider now owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock valued at $5,969,846 in the last 90 days. Company insiders own 1.69% of the company’s stock.

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new position in shares of Sherwin-Williams during the second quarter valued at approximately $100,000. Spectrum Management Group Inc. purchased a new position in shares of Sherwin-Williams during the third quarter valued at approximately $162,000. Salem Investment Counselors Inc. purchased a new position in shares of Sherwin-Williams during the second quarter valued at approximately $176,000. Montag A & Associates Inc. purchased a new position in shares of Sherwin-Williams during the third quarter valued at approximately $202,000. Finally, ZWJ Investment Counsel Inc. purchased a new position in shares of Sherwin-Williams during the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 75.85% of the company’s stock.

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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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