Sherwin-Williams Co. (SHW) Upgraded at Vetr Inc.
Sherwin-Williams Co. (NYSE:SHW) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday. The firm presently has a $301.22 target price on the stock. Vetr‘s target price indicates a potential upside of 12.12% from the stock’s current price.
Several other analysts have also recently weighed in on the company. Atlantic Securities began coverage on Sherwin-Williams in a report on Tuesday. They set an “overweight” rating and a $325.00 price objective for the company. Evercore ISI raised Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th. They noted that the move was a valuation call. Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. Argus raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Monday, October 10th. Finally, Wells Fargo & Co. assumed coverage on Sherwin-Williams in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $323.28.
Sherwin-Williams (NYSE:SHW) traded down 2.77% during mid-day trading on Wednesday, reaching $268.67. 1,184,932 shares of the company’s stock were exchanged. The company has a market cap of $24.72 billion, a PE ratio of 22.42 and a beta of 0.98. The stock has a 50-day moving average price of $261.46 and a 200 day moving average price of $282.48. Sherwin-Williams has a 52-week low of $234.96 and a 52-week high of $312.48.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $4.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.32 by $0.09. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.29 billion. Sherwin-Williams had a return on equity of 97.87% and a net margin of 9.50%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.97 earnings per share. Equities analysts predict that Sherwin-Williams will post $12.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 16th. Sherwin-Williams’s payout ratio is presently 28.57%.
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In related news, Director John M. Stropki acquired 500 shares of the business’s stock in a transaction dated Thursday, October 27th. The stock was bought at an average price of $247.30 per share, with a total value of $123,650.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.89% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc increased its stake in Sherwin-Williams by 1,536.0% in the third quarter. NEXT Financial Group Inc now owns 409 shares of the company’s stock valued at $113,000 after buying an additional 384 shares during the last quarter. TLP Group LLC bought a new stake in Sherwin-Williams during the third quarter valued at approximately $120,000. Carroll Financial Associates Inc. increased its stake in Sherwin-Williams by 2.9% in the third quarter. Carroll Financial Associates Inc. now owns 465 shares of the company’s stock valued at $128,000 after buying an additional 13 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Sherwin-Williams during the third quarter valued at approximately $138,000. Finally, PineBridge Investments L.P. increased its stake in Sherwin-Williams by 109.7% in the second quarter. PineBridge Investments L.P. now owns 520 shares of the company’s stock valued at $153,000 after buying an additional 272 shares during the last quarter. 72.93% of the stock is owned by institutional investors.
Sherwin-Williams Company Profile
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
To view Vetr’s full report, visit Vetr’s official website.
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