Sherwin-Williams (SHW) Raised to “Buy” at Seaport Global Securities

Sherwin-Williams (NYSE:SHW) was upgraded by research analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a report issued on Friday. Seaport Global Securities also issued estimates for Sherwin-Williams’ Q2 2018 earnings at $5.73 EPS, 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.

Several other research analysts have also recently issued reports on the stock. Credit Suisse Group reiterated a “hold” rating and issued a $473.00 price objective on shares of Sherwin-Williams in a report on Wednesday, January 24th. Citigroup increased their price objective on shares of Sherwin-Williams to $486.00 and gave the company a “buy” rating in a report on Friday, January 26th. Robert W. Baird reiterated a “buy” rating and issued a $475.00 price objective on shares of Sherwin-Williams in a report on Wednesday, January 10th. Bank of America increased their price objective on shares of Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Barclays reiterated a “hold” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $433.74.

Sherwin-Williams (SHW) traded down $9.00 during midday trading on Friday, reaching $403.13. 650,850 shares of the company’s stock traded hands, compared to its average volume of 678,599. Sherwin-Williams has a 1 year low of $301.51 and a 1 year high of $435.15. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 2.68. The company has a market cap of $38,539.89, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 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 quarter last year, the company posted $2.15 EPS. Sherwin-Williams’s revenue for the quarter was up 43.0% on a year-over-year basis. equities research analysts anticipate that Sherwin-Williams will post 19.04 earnings per share for the current year.

In related news, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the completion of the sale, the insider now owns 3,302 shares in the company, valued at approximately $1,285,336.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert J. Wells sold 2,946 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the completion of the sale, the senior vice president now 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. Over the last three months, insiders have sold 15,122 shares of company stock valued at $5,969,846. Company insiders own 1.69% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in shares of 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 valued at $477,049,000 after acquiring an additional 288,492 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Sherwin-Williams by 30.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after acquiring an additional 247,553 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Sherwin-Williams by 9.6% in the 3rd quarter. Wells Fargo & Company MN now owns 738,780 shares of the specialty chemicals company’s stock valued at $264,514,000 after acquiring an additional 64,841 shares in the last quarter. Findlay Park Partners LLP lifted its position in shares of Sherwin-Williams by 21.6% in the 3rd quarter. Findlay Park Partners LLP now owns 590,341 shares of the specialty chemicals company’s stock valued at $211,366,000 after acquiring an additional 105,000 shares in the last quarter. Finally, Sirios Capital Management L P lifted its position in shares of Sherwin-Williams by 5.5% in the 3rd quarter. Sirios Capital Management L P now owns 538,506 shares of the specialty chemicals company’s stock valued at $192,807,000 after acquiring an additional 27,947 shares in the last quarter. 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)