Sherwin-Williams (NYSE:SHW) Shares Up 0.8%

The Sherwin-Williams Company (NYSE:SHWGet Rating) shot up 0.8% on Friday . The stock traded as high as $212.94 and last traded at $209.75. 44,010 shares were traded during mid-day trading, a decline of 97% from the average session volume of 1,266,981 shares. The stock had previously closed at $208.05.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHW. Credit Suisse Group began coverage on Sherwin-Williams in a research report on Tuesday, May 31st. They issued an “underperform” rating and a $245.00 target price on the stock. Wells Fargo & Company reduced their price objective on Sherwin-Williams from $285.00 to $270.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Sherwin-Williams from $315.00 to $275.00 in a research report on Thursday, July 28th. Finally, Bank of America downgraded Sherwin-Williams from a “buy” rating to a “neutral” rating and reduced their target price for the company from $313.00 to $292.00 in a research report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $310.39.

Sherwin-Williams Trading Up 1.4 %

The company has a 50-day moving average price of $239.24 and a 200-day moving average price of $247.96. The firm has a market capitalization of $54.66 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 2.06 and a beta of 1.05. The company has a debt-to-equity ratio of 3.86, a quick ratio of 0.53 and a current ratio of 0.87.

Sherwin-Williams (NYSE:SHWGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.37). The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $6.01 billion. Sherwin-Williams had a return on equity of 82.04% and a net margin of 8.45%. The company’s revenue was down 46.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.65 earnings per share. As a group, research analysts forecast that The Sherwin-Williams Company will post 8.64 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, August 18th. Sherwin-Williams’s payout ratio is currently 36.09%.

Institutional Trading of Sherwin-Williams

Several institutional investors and hedge funds have recently made changes to their positions in SHW. Vanguard Group Inc. raised its stake in Sherwin-Williams by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,675,058 shares of the specialty chemicals company’s stock valued at $5,160,908,000 after acquiring an additional 61,660 shares during the last quarter. BlackRock Inc. increased its position in Sherwin-Williams by 0.9% during the 1st quarter. BlackRock Inc. now owns 17,303,618 shares of the specialty chemicals company’s stock worth $4,319,329,000 after purchasing an additional 149,496 shares during the period. State Street Corp increased its position in Sherwin-Williams by 1.2% during the 4th quarter. State Street Corp now owns 11,031,115 shares of the specialty chemicals company’s stock worth $3,884,717,000 after purchasing an additional 135,716 shares during the period. Price T Rowe Associates Inc. MD increased its position in Sherwin-Williams by 115.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 10,250,997 shares of the specialty chemicals company’s stock worth $2,295,301,000 after purchasing an additional 5,499,972 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Sherwin-Williams by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,898,426 shares of the specialty chemicals company’s stock worth $1,992,447,000 after purchasing an additional 246,451 shares during the period. 77.48% of the stock is owned by hedge funds and other institutional investors.

About Sherwin-Williams

(Get Rating)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through 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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