Sherwin-Williams Company (The) (NYSE:SHW) Stock Rating Reaffirmed by Credit Suisse Group

Sherwin-Williams Company (The) (NYSE:SHW)‘s stock had its “outperform” rating reiterated by research analysts at Credit Suisse Group in a report released on Wednesday, October 4th. They currently have a $410.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $375.00. Credit Suisse Group’s target price indicates a potential upside of 6.75% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Jefferies Group LLC upped their target price on Sherwin-Williams Company (The) from $364.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, October 4th. KeyCorp reaffirmed an “overweight” rating and issued a $440.00 target price (up from $415.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, October 4th. Royal Bank Of Canada upped their price objective on Sherwin-Williams Company (The) from $390.00 to $423.00 and gave the company an “outperform” rating in a research note on Wednesday, October 4th. Zacks Investment Research downgraded Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $375.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, September 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $392.49.

Sherwin-Williams Company (NYSE SHW) opened at 384.07 on Wednesday. The firm has a market cap of $35.66 billion, a P/E ratio of 31.66 and a beta of 1.22. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $387.17. The firm has a 50-day moving average of $355.37 and a 200-day moving average of $342.12.

Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.54 by ($0.02). The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.06 earnings per share. On average, analysts expect that Sherwin-Williams Company will post $14.73 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fairfax Financial Holdings Ltd Can bought a new position in Sherwin-Williams Company (The) in the first quarter valued at $212,000. Principal Financial Group Inc. increased its stake in Sherwin-Williams Company (The) by 6.1% in the second quarter. Principal Financial Group Inc. now owns 809,752 shares of the specialty chemicals company’s stock valued at $284,191,000 after acquiring an additional 46,800 shares during the last quarter. BlackRock Inc. increased its stake in 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 acquiring an additional 204,766 shares during the last quarter. Andra AP fonden increased its stake in Sherwin-Williams Company (The) by 13.6% in the second quarter. Andra AP fonden now owns 14,200 shares of the specialty chemicals company’s stock valued at $4,984,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Sherwin-Williams Company (The) by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after acquiring an additional 29 shares during the last quarter. 73.80% 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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