KeyCorp Reiterates Buy Rating for Sherwin-Williams (SHW)

Sherwin-Williams (NYSE:SHW)‘s stock had its “buy” rating reiterated by stock analysts at KeyCorp in a research report issued on Monday. They currently have a $500.00 target price on the specialty chemicals company’s stock, up from their previous target price of $465.00. KeyCorp’s price target would indicate a potential upside of 18.82% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other equities analysts have also issued reports on SHW. Credit Suisse Group reiterated a “hold” rating and issued a $473.00 target price on shares of Sherwin-Williams in a research note on Wednesday, January 24th. Citigroup lifted their target price on Sherwin-Williams to $486.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird reiterated a “buy” rating and issued a $475.00 target price on shares of Sherwin-Williams in a research note on Wednesday, January 10th. Bank of America lifted their target price on Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barclays reiterated a “hold” rating on shares of Sherwin-Williams in a research note on Sunday. One analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $433.74.

Sherwin-Williams (NYSE:SHW) traded down $2.89 during mid-day trading on Monday, hitting $420.79. The company had a trading volume of 737,672 shares, compared to its average volume of 661,499. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.67. The company has a market capitalization of $39,619.98, a P/E ratio of 22.61, a P/E/G ratio of 1.97 and a beta of 1.22. Sherwin-Williams has a 12-month low of $300.17 and a 12-month high of $435.15.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the consensus estimate of $3.18 by ($0.23). The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.91 billion. Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The business’s revenue was up 43.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 earnings per share. analysts predict that Sherwin-Williams will post 18.52 EPS for the current year.

In other news, insider Robert J. Davisson sold 8,800 shares of the business’s stock in a transaction dated 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 in the company, valued at $5,777,716.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now owns 3,302 shares in the company, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock worth $5,969,846 in the last 90 days. Insiders own 1.69% of the company’s stock.

Several hedge funds have recently modified their holdings of SHW. Tower Research Capital LLC TRC purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $100,000. Spectrum Management Group Inc. purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $162,000. Salem Investment Counselors Inc. purchased a new stake in shares of Sherwin-Williams during the second quarter worth about $176,000. Montag A & Associates Inc. purchased a new stake in shares of Sherwin-Williams during the third quarter worth about $202,000. Finally, BTIM Corp. purchased a new stake in shares of Sherwin-Williams during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 75.88% 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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