Robert W. Baird Reiterates Buy Rating for Sherwin-Williams (NYSE:SHW)

Robert W. Baird reissued their buy rating on shares of Sherwin-Williams (NYSE:SHW) in a research report released on Friday, November 10th. They currently have a $425.00 target price on the specialty chemicals company’s stock.

Several other brokerages have also issued reports on SHW. Royal Bank Of Canada restated a buy rating on shares of Sherwin-Williams in a report on Wednesday, September 20th. BidaskClub downgraded Sherwin-Williams from a buy rating to a hold rating in a research report on Monday, July 24th. UBS reaffirmed a neutral rating and issued a $375.00 target price (up from $359.00) on shares of Sherwin-Williams in a research report on Wednesday, July 26th. Zacks Investment Research raised Sherwin-Williams from a hold rating to a buy rating and set a $380.00 target price for the company in a research report on Wednesday, September 20th. Finally, Zelman & Associates raised Sherwin-Williams from a hold rating to a buy rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Sherwin-Williams presently has an average rating of Hold and a consensus price target of $398.25.

Shares of Sherwin-Williams (SHW) traded down $3.58 on Friday, reaching $393.96. 465,100 shares of the company traded hands, compared to its average volume of 630,828. The stock has a market cap of $36,870.00, a price-to-earnings ratio of 28.39, a P/E/G ratio of 2.20 and a beta of 1.22. Sherwin-Williams has a 12-month low of $261.65 and a 12-month high of $398.97. 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 (NYSE:SHW) last issued its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.05. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. Sherwin-Williams’s revenue was up 37.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.23 EPS. research analysts anticipate that Sherwin-Williams will post 15.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, November 16th. Sherwin-Williams’s dividend payout ratio is presently 28.81%.

In other news, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert J. Davisson sold 8,800 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the transaction, the insider now directly owns 14,812 shares of the company’s stock, valued at $5,777,716.84. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in SHW. Xact Kapitalforvaltning AB boosted its holdings in Sherwin-Williams by 28.2% in the second quarter. Xact Kapitalforvaltning AB now owns 15,705 shares of the specialty chemicals company’s stock valued at $5,512,000 after purchasing an additional 3,453 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its holdings in Sherwin-Williams by 1.2% in the second quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock valued at $240,000 after purchasing an additional 8 shares in the last quarter. Atria Investments LLC boosted its holdings in Sherwin-Williams by 28.3% in the second quarter. Atria Investments LLC now owns 5,615 shares of the specialty chemicals company’s stock valued at $1,971,000 after purchasing an additional 1,240 shares in the last quarter. Iberiabank Corp boosted its holdings in Sherwin-Williams by 4.1% in the second quarter. Iberiabank Corp now owns 5,993 shares of the specialty chemicals company’s stock valued at $2,103,000 after purchasing an additional 238 shares in the last quarter. Finally, Central Bank & Trust Co. boosted its holdings in Sherwin-Williams by 31.1% in the second quarter. Central Bank & Trust Co. now owns 1,540 shares of the specialty chemicals company’s stock valued at $540,000 after purchasing an additional 365 shares in the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.

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About Sherwin-Williams

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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