Robert W. Baird reissued their buy rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a report released on Friday. Robert W. Baird currently has a $375.00 price target on the specialty chemicals company’s stock.

SHW has been the subject of several other research reports. UBS AG reissued a neutral rating and issued a $341.00 price target (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Credit Suisse Group raised shares of Sherwin-Williams Company (The) to a buy rating and set a $375.00 price objective for the company in a research report on Sunday, July 23rd. Northcoast Research reaffirmed a buy rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 19th. BidaskClub cut shares of Sherwin-Williams Company (The) from a strong-buy rating to a buy rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research raised 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 research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $364.46.

Shares of Sherwin-Williams Company (SHW) opened at 359.43 on Friday. The company has a 50-day moving average price of $342.74 and a 200 day moving average price of $337.54. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $363.98. The company has a market capitalization of $33.37 billion, a P/E ratio of 29.63 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the consensus estimate of $4.54 by ($0.02). The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.06 EPS. On average, equities analysts anticipate that Sherwin-Williams Company will post $14.77 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 28.05%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MPS Loria Financial Planners LLC acquired a new position in shares of Sherwin-Williams Company (The) in the second quarter worth about $1,261,000. Frontier Investment Mgmt Co. boosted its stake in shares of Sherwin-Williams Company (The) by 2.0% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 9,981 shares of the specialty chemicals company’s stock worth $3,503,000 after acquiring an additional 193 shares in the last quarter. Intl Fcstone Inc. acquired a new stake in shares of Sherwin-Williams Company (The) during the 2nd quarter valued at about $290,000. Lord Abbett & CO. LLC acquired a new stake in shares of Sherwin-Williams Company (The) during the 2nd quarter valued at about $31,868,000. Finally, Toronto Dominion Bank grew its position in shares of Sherwin-Williams Company (The) by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 27,495 shares of the specialty chemicals company’s stock valued at $9,648,000 after acquiring an additional 5,603 shares during the period. 73.83% of the stock is owned by institutional investors.

About Sherwin-Williams Company (The)

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)

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