Sherwin-Williams Company (The) (SHW) Earns “Buy” Rating from Robert W. Baird

Robert W. Baird reaffirmed their buy rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a report issued on Friday. Robert W. Baird currently has a $425.00 price objective on the specialty chemicals company’s stock.

Several other research firms have also recently commented on SHW. UBS AG reiterated a neutral rating and issued a $375.00 target price (up from $359.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 26th. Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) to a buy rating and set a $375.00 target price for the company in a research note on Sunday, July 23rd. Northcoast Research reiterated a buy rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Citigroup Inc. lifted their target price on shares of Sherwin-Williams Company (The) from $405.00 to $442.00 and gave the company a buy rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a hold rating to a buy rating and set a $380.00 target price for the company in a research note on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $398.25.

Shares of Sherwin-Williams Company (NYSE SHW) opened at $389.71 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. The company has a market cap of $36,419.93, a P/E ratio of 28.06, a P/E/G ratio of 2.17 and a beta of 1.22. Sherwin-Williams Company has a fifty-two week low of $260.00 and a fifty-two week high of $398.22.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.70 by $0.05. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams Company (The) had a net margin of 7.82% and a return on equity of 58.02%. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period last year, the company posted $4.23 earnings per share. analysts anticipate that Sherwin-Williams Company will post 15.04 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams Company (The)’s dividend payout ratio is 29.90%.

A number of hedge funds have recently made changes to their positions in SHW. Janus Henderson Group PLC increased its position in Sherwin-Williams Company (The) by 10,157.5% during 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 acquiring an additional 1,033,725 shares during the period. FMR LLC increased its position in Sherwin-Williams Company (The) by 18.1% during the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after acquiring an additional 621,190 shares during the period. Parametric Portfolio Associates LLC increased its position in Sherwin-Williams Company (The) by 222.9% during the second quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock worth $171,109,000 after acquiring an additional 336,540 shares during the period. Vanguard Group Inc. increased its position in Sherwin-Williams Company (The) by 5.0% during the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock worth $2,313,506,000 after acquiring an additional 315,903 shares during the period. Finally, Principal Financial Group Inc. increased its position in Sherwin-Williams Company (The) by 30.6% during the third quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock worth $378,558,000 after acquiring an additional 247,553 shares during the period. 73.17% of the stock is currently owned by institutional investors and hedge funds.

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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