Sherwin-Williams Company (The) (NYSE:SHW) has been given a $425.00 price target by research analysts at Morgan Stanley in a research note issued to investors on Wednesday. The firm currently has an “overweight” rating on the specialty chemicals company’s stock. Morgan Stanley’s target price points to a potential upside of 11.87% from the company’s current price.

A number of other analysts have also recently commented on the company. Credit Suisse Group reissued an “outperform” rating and issued a $410.00 price target (up from $375.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday. Jefferies Group LLC boosted their price target on Sherwin-Williams Company (The) from $364.00 to $400.00 and gave the stock a “hold” rating in a research report on Wednesday. KeyCorp reissued an “overweight” rating and issued a $440.00 price target (up from $415.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday. Royal Bank Of Canada boosted their price target on Sherwin-Williams Company (The) from $390.00 to $423.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Zacks Investment Research cut Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $382.76.

Shares of Sherwin-Williams Company (NYSE SHW) traded up 1.53% during mid-day trading on Wednesday, hitting $379.90. The stock had a trading volume of 830,666 shares. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $381.00. The firm has a market cap of $35.27 billion, a PE ratio of 31.32 and a beta of 1.22. The stock’s 50-day moving average price is $346.31 and its 200-day moving average price is $338.54.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings results 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). Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the firm earned $4.06 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts anticipate that Sherwin-Williams Company will post $14.73 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in SHW. Oxford Asset Management purchased a new stake in Sherwin-Williams Company (The) during the 1st quarter valued at $250,000. Pacer Advisors Inc. raised its stake in Sherwin-Williams Company (The) by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 1,728 shares of the specialty chemicals company’s stock valued at $536,000 after buying an additional 55 shares during the last quarter. Delta Lloyd NV raised its stake in Sherwin-Williams Company (The) by 0.8% during the 1st quarter. Delta Lloyd NV now owns 27,571 shares of the specialty chemicals company’s stock valued at $9,227,000 after buying an additional 213 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in Sherwin-Williams Company (The) by 10.5% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 17,011 shares of the specialty chemicals company’s stock valued at $5,276,000 after buying an additional 1,611 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. raised its stake in Sherwin-Williams Company (The) by 4.2% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 6,591 shares of the specialty chemicals company’s stock valued at $2,044,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 73.83% of the company’s stock.

About Sherwin-Williams Company (The)

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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