Sherwin-Williams Co (NYSE:SHW) Given Consensus Rating of “Buy” by Brokerages

Shares of Sherwin-Williams Co (NYSE:SHW) have been assigned an average recommendation of “Buy” from the twenty-five research firms that are currently covering the stock, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $585.00.

A number of brokerages recently issued reports on SHW. Buckingham Research lifted their price target on shares of Sherwin-Williams from $485.00 to $515.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of Sherwin-Williams from $600.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Goldman Sachs Group lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 27th. Credit Suisse Group lifted their price target on shares of Sherwin-Williams from $587.00 to $610.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada set a $631.00 target price on shares of Sherwin-Williams and gave the company a “buy” rating in a research note on Friday, October 25th.

In other news, SVP Thomas P. Gilligan sold 4,250 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $570.10, for a total transaction of $2,422,925.00. Following the completion of the transaction, the senior vice president now owns 8,189 shares of the company’s stock, valued at $4,668,548.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Aaron M. Erter sold 3,280 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $580.62, for a total transaction of $1,904,433.60. Following the transaction, the insider now directly owns 6,786 shares of the company’s stock, valued at approximately $3,940,087.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,264 shares of company stock valued at $12,827,698. Corporate insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in SHW. Krane Funds Advisors LLC acquired a new stake in Sherwin-Williams in the 2nd quarter valued at about $25,000. Lenox Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 55.3% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 59 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 21 shares during the last quarter. Investors Research Corp lifted its holdings in Sherwin-Williams by 49.2% in the 3rd quarter. Investors Research Corp now owns 88 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 29 shares during the last quarter. Bridger Capital Management LLC acquired a new stake in Sherwin-Williams in the 3rd quarter valued at about $56,000. Finally, Penserra Capital Management LLC lifted its holdings in Sherwin-Williams by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 110 shares of the specialty chemicals company’s stock valued at $60,000 after acquiring an additional 22 shares during the last quarter. 76.84% of the stock is owned by institutional investors.

Shares of SHW traded up $3.26 during mid-day trading on Friday, reaching $572.54. 5,350 shares of the stock traded hands, compared to its average volume of 348,368. The firm has a market cap of $51.73 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 1.94 and a beta of 1.25. The stock has a fifty day simple moving average of $576.62 and a 200 day simple moving average of $538.65. Sherwin-Williams has a 12-month low of $371.00 and a 12-month high of $597.00. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt-to-equity ratio of 2.34.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $6.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.46 by $0.19. The company had revenue of $4.87 billion for the quarter, compared to analyst estimates of $4.83 billion. Sherwin-Williams had a net margin of 7.81% and a return on equity of 50.96%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.68 earnings per share. On average, equities research analysts expect that Sherwin-Williams will post 21.22 earnings per share for the current fiscal year.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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