Investment Analysts’ Recent Ratings Changes for Sherwin-Williams (SHW)

Several analysts have recently updated their ratings and price targets for Sherwin-Williams (NYSE: SHW):

  • 2/3/2019 – Sherwin-Williams had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $440.00 price target on the stock.
  • 2/1/2019 – Sherwin-Williams had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $480.00 price target on the stock, up previously from $450.00.
  • 1/31/2019 – Sherwin-Williams had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $467.00 price target on the stock.
  • 1/23/2019 – Sherwin-Williams was given a new $444.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 1/17/2019 – Sherwin-Williams was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Sherwin-Williams should gain from significant synergies of the Valspar acquisition. The buyout has positioned the company as a leading paints and coatings provider globally. Sherwin-Williams also remains focused on growth through expansion of operations as reflected by increasing number of retail stores. The company is also benefiting from its actions to cut operating costs. However, Sherwin-Williams faces earnings headwinds from Valspar acquisition charges. It also remains exposed to raw material cost inflation and volume pressure in its consumer unit. Sherwin-Williams has also underperformed the industry it belongs to over a year.”
  • 1/17/2019 – Sherwin-Williams had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $410.00 price target on the stock.
  • 1/16/2019 – Sherwin-Williams had its price target lowered by analysts at KeyCorp from $500.00 to $450.00. They now have an “overweight” rating on the stock.
  • 1/16/2019 – Sherwin-Williams was given a new $405.00 price target on by analysts at UBS Group AG. They now have a “hold” rating on the stock.
  • 1/16/2019 – Sherwin-Williams was given a new $467.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 1/16/2019 – Sherwin-Williams had its price target lowered by analysts at Deutsche Bank AG from $465.00 to $445.00. They now have a “buy” rating on the stock.
  • 1/14/2019 – Sherwin-Williams was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $475.00 price target on the stock.
  • 1/4/2019 – Sherwin-Williams was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating.
  • 12/17/2018 – Sherwin-Williams was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $415.00 price target on the stock, up previously from $380.00.

Shares of NYSE SHW traded up $0.48 during midday trading on Monday, hitting $421.49. The stock had a trading volume of 3,655 shares, compared to its average volume of 870,096. The stock has a market capitalization of $39.42 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 1.62 and a beta of 1.29. Sherwin-Williams Co has a fifty-two week low of $355.28 and a fifty-two week high of $479.64. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.59 and a current ratio of 1.01.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.02). Sherwin-Williams had a return on equity of 46.48% and a net margin of 6.32%. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business earned $3.16 earnings per share. Equities research analysts forecast that Sherwin-Williams Co will post 21.23 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC lifted its holdings in Sherwin-Williams by 2.9% during the third quarter. Neuberger Berman Group LLC now owns 446,292 shares of the specialty chemicals company’s stock worth $203,160,000 after acquiring an additional 12,747 shares in the last quarter. Carroll Financial Associates Inc. lifted its holdings in Sherwin-Williams by 4.3% during the fourth quarter. Carroll Financial Associates Inc. now owns 657 shares of the specialty chemicals company’s stock worth $260,000 after acquiring an additional 27 shares in the last quarter. Adams Natural Resources Fund Inc. bought a new position in Sherwin-Williams during the third quarter worth about $5,189,000. CAPROCK Group Inc. lifted its holdings in Sherwin-Williams by 13.5% during the fourth quarter. CAPROCK Group Inc. now owns 1,686 shares of the specialty chemicals company’s stock worth $663,000 after acquiring an additional 201 shares in the last quarter. Finally, Trust Co. of Oklahoma lifted its holdings in Sherwin-Williams by 7.3% during the fourth quarter. Trust Co. of Oklahoma now owns 1,296 shares of the specialty chemicals company’s stock worth $510,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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