Sherwin-Williams (NYSE:SHW)‘s stock had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares in a research note issued on Tuesday, MarketBeat.com reports. They currently have a $483.00 target price on the specialty chemicals company’s stock, down from their previous target price of $511.00. Susquehanna Bancshares’ price objective would suggest a potential upside of 19.07% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $475.00 target price on shares of Sherwin-Williams in a report on Wednesday, January 10th. Citigroup upped their target price on shares of Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Bank of America upped their target price on shares of Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Sherwin-Williams in a report on Sunday, January 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $436.20.

Shares of Sherwin-Williams (NYSE:SHW) opened at $405.66 on Tuesday. Sherwin-Williams has a 1 year low of $305.70 and a 1 year high of $435.15. The firm has a market cap of $37,930.00, a price-to-earnings ratio of 21.31, a P/E/G ratio of 1.82 and a beta of 1.17. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.23). Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period last year, the firm earned $2.15 earnings per share. Sherwin-Williams’s revenue was up 43.0% on a year-over-year basis. equities analysts predict that Sherwin-Williams will post 19.1 EPS for the current year.

In related news, insider Joel D. Baxter sold 2,376 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the transaction, the insider now directly owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Davisson sold 1,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $407.11, for a total transaction of $407,110.00. The disclosure for this sale can be found here. Insiders have sold 15,122 shares of company stock valued at $5,969,846 over the last three months. 1.69% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. USA Mutuals Advisors Inc. acquired a new position in Sherwin-Williams during the fourth quarter worth about $106,000. Spectrum Management Group Inc. acquired a new position in Sherwin-Williams during the third quarter worth about $162,000. Montag A & Associates Inc. acquired a new position in Sherwin-Williams during the third quarter worth about $202,000. BTIM Corp. acquired a new position in Sherwin-Williams during the fourth quarter worth about $202,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in Sherwin-Williams during the third quarter worth about $204,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

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Sherwin-Williams 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 (NYSE:SHW)

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