Sherwin-Williams (SHW) Stock Rating Reaffirmed by Susquehanna Bancshares

Sherwin-Williams (NYSE:SHW)‘s stock had its “positive” rating reaffirmed by equities research analysts at Susquehanna Bancshares in a report released on Tuesday, MarketBeat reports. They currently have a $483.00 price objective on the specialty chemicals company’s stock, down from their previous price objective of $511.00. Susquehanna Bancshares’ target price indicates a potential upside of 19.04% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Seaport Global Securities upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada boosted their price target on Sherwin-Williams to $485.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. KeyCorp reissued a “buy” rating and issued a $500.00 price target (up 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. Barclays reissued a “hold” rating on shares of Sherwin-Williams in a research report on Sunday, January 28th. Finally, Bank of America boosted their price target on Sherwin-Williams from $435.00 to $470.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $436.20.

Shares of Sherwin-Williams (NYSE SHW) traded up $2.07 during mid-day trading on Tuesday, hitting $405.76. The company’s stock had a trading volume of 437,597 shares, compared to its average volume of 710,770. Sherwin-Williams has a twelve month low of $305.70 and a twelve month high of $435.15. The stock has a market cap of $37,800.00, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share 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 analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the company posted $2.15 earnings per share. Sherwin-Williams’s quarterly revenue was up 43.0% compared to the same quarter last year. analysts forecast that Sherwin-Williams will post 19.1 EPS for the current fiscal year.

In related news, insider Robert J. Davisson sold 8,800 shares of the company’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 transaction, the insider now directly owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the transaction, the insider now directly owns 3,302 shares in the company, valued at $1,285,336.52. The disclosure for this sale can be found here. Insiders have sold a total of 15,122 shares of company stock worth $5,969,846 over the last ninety days. 1.69% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in SHW. USA Mutuals Advisors Inc. acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at about $106,000. Spectrum Management Group Inc. acquired a new position in shares of Sherwin-Williams in the third quarter valued at about $162,000. Montag A & Associates Inc. acquired a new position in shares of Sherwin-Williams in the third quarter valued at about $202,000. BTIM Corp. acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at about $202,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of Sherwin-Williams in the third quarter valued at about $204,000. 76.06% of the stock is currently owned by institutional investors.

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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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