Sherwin-Williams Co. (SHW) Stock Rating Upgraded by Vetr Inc.
Sherwin-Williams Co. (NYSE:SHW) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $292.87 target price on the stock. Vetr‘s price target would suggest a potential upside of 8.96% from the company’s previous close.
SHW has been the topic of several other research reports. reiterated a “buy” rating and set a $350.00 price target on shares of Sherwin-Williams in a research note on Wednesday, September 14th. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $317.00 target price on the stock in a research note on Monday, September 26th. Argus upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Monday, October 10th. Sterne Agee CRT upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Thursday, August 25th. Finally, Robert W. Baird restated an “outperform” rating and set a $330.00 target price on shares of Sherwin-Williams in a research note on Monday, July 25th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $322.56.
Shares of Sherwin-Williams (NYSE:SHW) opened at 268.78 on Monday. Sherwin-Williams has a 12-month low of $234.96 and a 12-month high of $312.48. The firm has a market cap of $24.73 billion, a P/E ratio of 22.43 and a beta of 0.98. The company’s 50 day moving average price is $261.35 and its 200 day moving average price is $283.24.
Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $4.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.32 by $0.09. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Sherwin-Williams had a return on equity of 97.87% and a net margin of 9.50%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.97 EPS. Equities research analysts forecast that Sherwin-Williams will post $12.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $3.36 annualized dividend and a yield of 1.25%. Sherwin-Williams’s dividend payout ratio (DPR) is 28.57%.
In related news, Director John M. Stropki acquired 500 shares of the stock in a transaction on Thursday, October 27th. The stock was bought at an average cost of $247.30 per share, with a total value of $123,650.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.89% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc boosted its stake in Sherwin-Williams by 1,536.0% in the third quarter. NEXT Financial Group Inc now owns 409 shares of the company’s stock valued at $113,000 after buying an additional 384 shares during the period. TLP Group LLC bought a new stake in Sherwin-Williams during the third quarter valued at about $120,000. Carroll Financial Associates Inc. boosted its stake in Sherwin-Williams by 2.9% in the third quarter. Carroll Financial Associates Inc. now owns 465 shares of the company’s stock valued at $128,000 after buying an additional 13 shares during the period. Salem Investment Counselors Inc. bought a new stake in Sherwin-Williams during the third quarter valued at about $138,000. Finally, PineBridge Investments L.P. boosted its stake in Sherwin-Williams by 109.7% in the second quarter. PineBridge Investments L.P. now owns 520 shares of the company’s stock valued at $153,000 after buying an additional 272 shares during the period. 74.97% of the stock is owned by institutional investors.
Sherwin-Williams Company Profile
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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