Sherwin-Williams Company (The) (NYSE:SHW) had its price target increased by equities researchers at Royal Bank Of Canada from $390.00 to $423.00 in a report issued on Wednesday. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 11.35% from the company’s previous close.

Several other brokerages have also recently issued reports on SHW. BidaskClub cut shares of Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Robert W. Baird restated a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams Company (The) in a report on Friday, September 29th. UBS AG restated a “neutral” rating and issued a $375.00 target price (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 26th. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a report on Wednesday, September 20th. Finally, Northcoast Research restated a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. Sherwin-Williams Company (The) currently has a consensus rating of “Buy” and an average target price of $382.76.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 379.90 on Wednesday. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $381.00. The company has a 50 day moving average of $346.31 and a 200-day moving average of $338.54. The company has a market cap of $35.27 billion, a PE ratio of 31.32 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by ($0.02). Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the prior year, the business posted $4.06 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Sherwin-Williams Company will post $14.73 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Royal Bank Of Canada Increases Sherwin-Williams Company (The) (SHW) Price Target to $423.00” was reported by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/royal-bank-of-canada-increases-sherwin-williams-company-the-shw-price-target-to-423-00/1612504.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its position in Sherwin-Williams Company (The) by 0.3% in the second quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock worth $542,000 after acquiring an additional 4 shares during the period. BRYN MAWR TRUST Co raised its position in Sherwin-Williams Company (The) by 0.7% in the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after acquiring an additional 7 shares during the period. Dynamic Advisors Solutions LLC raised its position in Sherwin-Williams Company (The) by 1.2% in the second quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock worth $240,000 after acquiring an additional 8 shares during the period. IFP Advisors Inc raised its position in Sherwin-Williams Company (The) by 0.5% in the second quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock worth $599,000 after acquiring an additional 9 shares during the period. Finally, Valmark Advisers Inc. raised its position in Sherwin-Williams Company (The) by 0.3% in the second quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock worth $1,288,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 73.83% of the company’s stock.

Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Analyst Recommendations for Sherwin-Williams Company (The) (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.