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

Sherwin-Williams (NYSE:SHW)‘s stock had its “buy” rating reiterated by Robert W. Baird in a report released on Wednesday, January 10th. They presently have a $475.00 price target on the specialty chemicals company’s stock. Robert W. Baird’s price objective indicates a potential upside of 12.06% from the stock’s current price.

A number of other equities research analysts also recently weighed in on SHW. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sherwin-Williams in a research report on Wednesday, September 20th. Zacks Investment Research downgraded Sherwin-Williams from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Northcoast Research restated a “buy” rating and issued a $435.00 price objective (up from $375.00) on shares of Sherwin-Williams in a research note on Friday, October 6th. KeyCorp reiterated an “overweight” rating and set a $440.00 price target (up from $415.00) on shares of Sherwin-Williams in a research report on Wednesday, October 4th. Finally, Jefferies Group lifted their price target on Sherwin-Williams from $364.00 to $400.00 and gave the company a “hold” rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Sherwin-Williams has a consensus rating of “Buy” and a consensus price target of $417.39.

Sherwin-Williams (NYSE SHW) opened at $423.87 on Wednesday. Sherwin-Williams has a 12-month low of $280.14 and a 12-month high of $435.15. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. The stock has a market capitalization of $40,476.56, a price-to-earnings ratio of 37.28, a PEG ratio of 1.98 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the company earned $4.23 EPS. The business’s revenue was up 37.4% compared to the same quarter last year. research analysts forecast that Sherwin-Williams will post 15.02 earnings per share for the current fiscal year.

In related news, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the completion of the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert J. Wells sold 2,946 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the sale, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at $7,512,486.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,122 shares of company stock valued at $5,969,846. Insiders own 1.69% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new position in Sherwin-Williams in the 2nd quarter valued at approximately $100,000. Spectrum Management Group Inc. acquired a new stake in Sherwin-Williams during the 3rd quarter valued at $162,000. Acrospire Investment Management LLC acquired a new stake in Sherwin-Williams during the 2nd quarter valued at $169,000. New England Research & Management Inc. acquired a new stake in shares of Sherwin-Williams during the fourth quarter worth $205,000. Finally, Salem Investment Counselors Inc. acquired a new stake in shares of Sherwin-Williams during the second quarter worth $176,000. 75.62% of the stock is owned by institutional investors and hedge funds.

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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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