Sherwin-Williams Company (The) (NYSE:SHW) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Monday, July 24th.

SHW has been the subject of a number of other research reports. UBS AG restated a “neutral” rating and issued a $341.00 price target (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target for the company in a research report on Sunday, July 23rd. Royal Bank Of Canada restated a “buy” rating and issued a $350.00 price target on shares of Sherwin-Williams Company (The) in a research report on Tuesday, March 28th. Citigroup Inc. restated a “buy” rating and issued a $410.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. Finally, Zacks Investment Research upgraded Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $347.00 price target for the company in a research report on Tuesday, March 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Sherwin-Williams Company (The) has a consensus rating of “Hold” and an average target price of $360.10.

Shares of Sherwin-Williams Company (SHW) traded down 0.18% during midday trading on Monday, reaching $328.97. The company had a trading volume of 553,832 shares. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $362.57. The stock has a market capitalization of $30.54 billion, a PE ratio of 27.12 and a beta of 1.23. The company’s 50-day moving average is $344.62 and its 200-day moving average is $329.62.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing analysts’ consensus estimates of $4.54 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.06 EPS. On average, equities research analysts forecast that Sherwin-Williams Company will post $15.00 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Sherwin-Williams Company (The) by 1,591.2% in the first quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock worth $1,634,079,000 after buying an additional 4,956,505 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Sherwin-Williams Company (The) by 10,157.5% in the second quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock worth $366,368,000 after buying an additional 1,033,725 shares during the last quarter. Jana Partners LLC purchased a new position in shares of Sherwin-Williams Company (The) during the first quarter worth approximately $203,163,000. Renaissance Technologies LLC raised its position in shares of Sherwin-Williams Company (The) by 195.1% in the first quarter. Renaissance Technologies LLC now owns 961,900 shares of the specialty chemicals company’s stock worth $298,372,000 after buying an additional 635,900 shares during the last quarter. Finally, FMR LLC raised its position in shares of Sherwin-Williams Company (The) by 18.1% in the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after buying an additional 621,190 shares during the last quarter. 72.69% of the stock is owned by institutional investors.

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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