Sherwin-Williams Company (The) (NYSE:SHW) Receives Buy Rating from Robert W. Baird

Robert W. Baird reiterated their buy rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a report issued on Friday, November 10th. Robert W. Baird currently has a $425.00 price target on the specialty chemicals company’s stock.

Other equities research analysts also recently issued research reports about the stock. 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 on the stock in a research note on Wednesday, September 20th. Royal Bank Of Canada reaffirmed a buy rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, September 20th. KeyCorp reissued a buy rating and set a $415.00 price objective on shares of Sherwin-Williams Company (The) in a report on Sunday, September 3rd. Credit Suisse Group raised Sherwin-Williams Company (The) to a buy rating and set a $375.00 price target for the company in a research note on Sunday, July 23rd. Finally, Northcoast Research reiterated a buy rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $398.25.

Sherwin-Williams Company (SHW) opened at $390.56 on Friday. Sherwin-Williams Company has a 52-week low of $261.65 and a 52-week high of $398.22. The stock has a market cap of $36,482.59, a price-to-earnings ratio of 28.11, a P/E/G ratio of 2.17 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07.

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

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.85 per share. 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 29.90%.

In other Sherwin-Williams Company (The) news, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the transaction, the insider now owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.69% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Sherwin-Williams Company (The) by 5.0% in 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 purchasing an additional 315,903 shares during the last quarter. BlackRock Inc. raised its stake in shares of Sherwin-Williams Company (The) by 3.9% in the second quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after buying an additional 204,766 shares during the period. FMR LLC raised its stake in shares of Sherwin-Williams Company (The) by 18.1% in the second 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. Janus Henderson Group PLC raised its stake in shares of Sherwin-Williams Company (The) by 27.6% in the third quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after buying an additional 288,492 shares during the period. Finally, Fiera Capital Corp raised its stake in shares of Sherwin-Williams Company (The) by 11.3% in the second quarter. Fiera Capital Corp now owns 1,282,221 shares of the specialty chemicals company’s stock valued at $450,009,000 after buying an additional 130,002 shares during the period. 73.56% of the stock is currently owned by institutional investors and hedge funds.

Sherwin-Williams Company (The) 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 Company (The) (NYSE:SHW)

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