Sherwin-Williams (NYSE:SHW) PT Raised to $580.00 at Susquehanna Bancshares

Sherwin-Williams (NYSE:SHW) had its target price lifted by analysts at Susquehanna Bancshares from $545.00 to $580.00 in a note issued to investors on Thursday, The Fly reports. The brokerage presently has a “positive” rating on the specialty chemicals company’s stock. Susquehanna Bancshares’ target price would suggest a potential upside of 13.88% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. ValuEngine upgraded YY from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. UBS Group lifted their price objective on W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Wells Fargo & Co lifted their price objective on CoStar Group from $550.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $6.25 price objective on shares of Deutsche Bank in a research report on Wednesday. Finally, Royal Bank of Canada lifted their price objective on Wix.Com to $166.00 and gave the company an “outperform” rating in a research report on Thursday. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $506.82.

NYSE SHW traded up $8.17 on Thursday, reaching $509.30. The company had a trading volume of 886,306 shares, compared to its average volume of 610,986. The firm has a market capitalization of $45.26 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.05 and a beta of 1.27. Sherwin-Williams has a 1 year low of $355.28 and a 1 year high of $510.53. The firm’s 50-day moving average is $465.91. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 2.29.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.35 by $0.22. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Sherwin-Williams had a return on equity of 48.92% and a net margin of 6.61%. Sherwin-Williams’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.73 EPS. As a group, analysts forecast that Sherwin-Williams will post 20.88 earnings per share for the current fiscal year.

In other news, insider Robert F. Lynch sold 2,227 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $473.48, for a total value of $1,054,439.96. Following the completion of the sale, the insider now owns 8,314 shares in the company, valued at approximately $3,936,512.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman John G. Morikis sold 16,260 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $471.26, for a total transaction of $7,662,687.60. Following the completion of the sale, the chairman now owns 112,276 shares of the company’s stock, valued at approximately $52,911,187.76. The disclosure for this sale can be found here. Insiders sold a total of 26,471 shares of company stock valued at $12,202,129 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Putnam FL Investment Management Co. raised its position in shares of Sherwin-Williams by 113.6% in the second quarter. Putnam FL Investment Management Co. now owns 31,592 shares of the specialty chemicals company’s stock valued at $14,478,000 after buying an additional 16,805 shares during the last quarter. United Capital Management of KS Inc. raised its stake in Sherwin-Williams by 6.0% in the 2nd quarter. United Capital Management of KS Inc. now owns 4,480 shares of the specialty chemicals company’s stock valued at $2,067,000 after purchasing an additional 252 shares during the last quarter. Asset Advisors Investment Management LLC raised its stake in Sherwin-Williams by 42.5% in the 2nd quarter. Asset Advisors Investment Management LLC now owns 10,422 shares of the specialty chemicals company’s stock valued at $4,776,000 after purchasing an additional 3,107 shares during the last quarter. JBJ Investment Partners LLC raised its stake in Sherwin-Williams by 4.0% in the 2nd quarter. JBJ Investment Partners LLC now owns 1,296 shares of the specialty chemicals company’s stock valued at $594,000 after purchasing an additional 50 shares during the last quarter. Finally, Trust Co. of Oklahoma raised its stake in Sherwin-Williams by 4.9% in the 2nd quarter. Trust Co. of Oklahoma now owns 1,359 shares of the specialty chemicals company’s stock valued at $623,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

About Sherwin-Williams

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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