Zelman & Associates upgraded shares of Sherwin-Williams Company (The) (NYSE:SHW) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada reissued a buy rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, September 20th. KeyCorp reissued a buy rating and set a $415.00 price target on shares of Sherwin-Williams Company (The) in a research report on Sunday, September 3rd. Robert W. Baird reissued a buy rating and set a $375.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, September 1st. Citigroup Inc. reissued a buy rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. Finally, Credit Suisse Group raised shares of 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $392.49.

Shares of Sherwin-Williams Company (NYSE SHW) traded up 0.55% during trading on Wednesday, reaching $389.70. 529,215 shares of the company were exchanged. The stock has a 50-day moving average price of $361.75 and a 200-day moving average price of $344.37. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $390.60. The stock has a market capitalization of $36.18 billion, a PE ratio of 32.13 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings results 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). 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 company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.06 EPS. Analysts forecast that Sherwin-Williams Company will post $14.73 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/22/sherwin-williams-company-the-shw-upgraded-at-zelman-associates.html.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.85 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.87%. Sherwin-Williams Company (The)’s payout ratio is 28.05%.

Several institutional investors have recently modified their holdings of SHW. Tower Research Capital LLC TRC bought a new position in shares of Sherwin-Williams Company (The) in the 2nd quarter worth about $100,000. American Beacon Advisors Inc. bought a new position in shares of Sherwin-Williams Company (The) in the 1st quarter worth about $106,000. Peddock Capital Advisors LLC bought a new position in shares of Sherwin-Williams Company (The) in the 2nd quarter worth about $123,000. Parallel Advisors LLC increased its stake in shares of Sherwin-Williams Company (The) by 2.6% in the 1st quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock worth $144,000 after acquiring an additional 11 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Sherwin-Williams Company (The) by 7.3% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after acquiring an additional 29 shares in the last quarter. Institutional investors own 73.80% 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)

Receive News & Stock Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related stocks with our FREE daily email newsletter.