Sherwin-Williams Company (The) (SHW) Rating Increased to Buy at Zelman & Associates

Sherwin-Williams Company (The) (NYSE:SHW) was upgraded by investment analysts at Zelman & Associates from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also recently issued reports on SHW. BidaskClub cut shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, September 20th. Robert W. Baird restated a “buy” rating and set a $375.00 price target on shares of Sherwin-Williams Company (The) in a report on Friday, September 29th. Zacks Investment Research cut shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Vertical Research restated a “hold” rating and set a $335.00 price target (up from $316.00) on shares of Sherwin-Williams Company (The) in a report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Sherwin-Williams Company (The) currently has a consensus rating of “Buy” and a consensus target price of $392.49.

Shares of Sherwin-Williams Company (SHW) traded up 0.37% during mid-day trading on Wednesday, hitting $389.00. The stock had a trading volume of 172,294 shares. The company has a market cap of $36.12 billion, a PE ratio of 32.07 and a beta of 1.22. The firm’s 50 day moving average price is $360.31 and its 200-day moving average price is $343.79. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $389.99.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.54 by ($0.02). Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the company earned $4.06 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. On average, equities research analysts anticipate that Sherwin-Williams Company will post $14.73 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in SHW. Tower Research Capital LLC TRC acquired a new position in shares of Sherwin-Williams Company (The) during the second quarter valued at about $100,000. American Beacon Advisors Inc. acquired a new position in Sherwin-Williams Company (The) in the first quarter worth about $106,000. Peddock Capital Advisors LLC acquired a new position in Sherwin-Williams Company (The) in the second quarter worth about $123,000. Parallel Advisors LLC raised its position in Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock worth $144,000 after purchasing an additional 11 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Sherwin-Williams Company (The) by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 29 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Company (The) 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 Company (The) (NYSE:SHW)

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