Q2 2018 EPS Estimates for Sherwin-Williams Co Increased by Seaport Global Securities (SHW)

Sherwin-Williams Co (NYSE:SHW) – Seaport Global Securities raised their Q2 2018 EPS estimates for Sherwin-Williams in a report issued on Friday. Seaport Global Securities analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $5.73 for the quarter, up from their prior forecast of $5.71. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Sherwin-Williams’ Q3 2018 earnings at $6.17 EPS, FY2018 earnings at $19.23 EPS, Q1 2019 earnings at $3.86 EPS, Q4 2019 earnings at $4.85 EPS and FY2019 earnings at $22.20 EPS.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the 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 company earned $2.15 EPS. The firm’s revenue for the quarter was up 43.0% compared to the same quarter last year.

Other analysts have also recently issued research reports about the company. Barclays reaffirmed a “hold” rating on shares of Sherwin-Williams in a research report on Sunday, January 28th. Robert W. Baird reaffirmed a “buy” rating and set a $475.00 target price on shares of Sherwin-Williams in a research report on Wednesday, January 10th. KeyCorp reaffirmed a “buy” rating and set a $500.00 target price (up previously from $465.00) on shares of Sherwin-Williams in a research report on Monday, January 29th. They noted that the move was a valuation call. Royal Bank of Canada increased their target price on Sherwin-Williams to $485.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $433.74.

Sherwin-Williams (NYSE SHW) opened at $403.13 on Monday. Sherwin-Williams has a 52 week low of $301.51 and a 52 week high of $435.15. The stock has a market capitalization of $37,698.30, a P/E ratio of 21.66, a P/E/G ratio of 1.82 and a beta of 1.18. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in Sherwin-Williams by 28.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,929 shares of the specialty chemicals company’s stock worth $8,209,000 after acquiring an additional 5,041 shares during the last quarter. Janus Henderson Group PLC raised its stake in Sherwin-Williams by 27.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock worth $477,049,000 after acquiring an additional 288,492 shares during the last quarter. Atlantic Trust Group LLC purchased a new position in Sherwin-Williams in the 3rd quarter worth $87,798,000. Carderock Capital Management Inc. raised its stake in Sherwin-Williams by 4.3% in the 3rd quarter. Carderock Capital Management Inc. now owns 6,495 shares of the specialty chemicals company’s stock worth $2,325,000 after acquiring an additional 270 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Sherwin-Williams by 3.3% in the 3rd quarter. Stifel Financial Corp now owns 77,038 shares of the specialty chemicals company’s stock worth $27,610,000 after acquiring an additional 2,473 shares during the last quarter. Institutional investors own 75.88% of the company’s stock.

In other 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 value of $3,432,616.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the sale, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at approximately $7,512,486.93. The disclosure for this sale can be found here. Insiders sold a total of 15,122 shares of company stock valued at $5,969,846 in the last three months. Insiders own 1.69% 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.

Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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