Northcoast Research restated their buy rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a research report sent to investors on Friday. They currently have a $435.00 price target on the specialty chemicals company’s stock, up from their previous price target of $375.00. Northcoast Research also issued estimates for Sherwin-Williams Company (The)’s Q3 2017 earnings at $4.85 EPS, FY2018 earnings at $17.69 EPS and FY2019 earnings at $21.24 EPS.

Several other equities research analysts also recently weighed in on SHW. BidaskClub downgraded Sherwin-Williams Company (The) from a hold rating to a sell rating in a report on Tuesday, August 1st. Morgan Stanley set a $425.00 price objective on Sherwin-Williams Company (The) and gave the company an overweight rating in a report on Wednesday, October 4th. Credit Suisse Group reissued an outperform rating and set a $410.00 price objective (up previously from $375.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, October 4th. Vertical Research reissued a hold rating and set a $375.00 price objective (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, October 4th. Finally, Robert W. Baird reissued a buy rating and set a $375.00 price objective on shares of Sherwin-Williams Company (The) in a report on Friday, September 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $387.62.

Shares of Sherwin-Williams Company (SHW) opened at 382.00 on Friday. The company has a market cap of $35.47 billion, a P/E ratio of 31.49 and a beta of 1.22. The stock’s 50 day moving average price is $349.36 and its 200-day moving average price is $339.99. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $383.64.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $3.83 billion. During the same period last year, the business earned $4.06 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. Equities analysts expect that Sherwin-Williams Company will post $14.63 EPS for the current year.

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Several hedge funds have recently bought and sold shares of SHW. BlackRock Inc. raised its position in shares of Sherwin-Williams Company (The) by 1,591.2% in the 1st quarter. BlackRock Inc. now owns 5,267,993 shares of the specialty chemicals company’s stock worth $1,634,079,000 after acquiring an additional 4,956,505 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Sherwin-Williams Company (The) by 10,157.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock worth $366,368,000 after acquiring an additional 1,033,725 shares in the last quarter. Jana Partners LLC acquired a new stake in shares of Sherwin-Williams Company (The) in the 1st quarter valued at about $203,163,000. Renaissance Technologies LLC grew its stake in shares of Sherwin-Williams Company (The) by 195.1% in the 1st quarter. Renaissance Technologies LLC now owns 961,900 shares of the specialty chemicals company’s stock valued at $298,372,000 after buying an additional 635,900 shares during the period. Finally, FMR LLC grew its stake in shares of Sherwin-Williams Company (The) by 18.1% in the 2nd quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after buying an additional 621,190 shares during the period. 73.82% of the stock is owned by hedge funds and other institutional investors.

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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