Zacks Investment Research cut shares of Sherwin-Williams Company (The) (NYSE:SHW) from a hold rating to a sell rating in a research note issued to investors on Monday.

According to Zacks, “Sherwin-Williams has lowered its earnings outlook for the third quarter of 2017 factoring in the impacts of disruptions in its operations from recent hurricanes. The company also faces earnings headwinds from sizable charges related to Valspar acquisition. Moreover, it remains exposed to raw material cost pressure and weakness in Europe. The company's stretched valuation is another concern. However, Sherwin-Williams has outperformed the industry it belongs to over the past year. “

SHW has been the subject of a number of other research reports. UBS AG reiterated a neutral rating and set a $341.00 price objective (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. Credit Suisse Group raised Sherwin-Williams Company (The) to a buy rating and set a $375.00 price objective for the company in a report on Sunday, July 23rd. Northcoast Research restated a buy rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. BidaskClub lowered Sherwin-Williams Company (The) from a strong-buy rating to a buy rating in a report on Saturday, July 1st. Finally, Robert W. Baird reaffirmed a buy rating and set a $375.00 target price on shares of Sherwin-Williams Company (The) in a report on Friday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $364.46.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 359.43 on Monday. The company has a market cap of $33.37 billion, a price-to-earnings ratio of 29.63 and a beta of 1.22. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $363.98. The firm’s 50-day moving average price is $342.74 and its 200 day moving average price is $337.54.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the previous year, the company earned $4.06 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Sherwin-Williams Company will post $14.77 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were given a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is 28.05%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHW. Fairfax Financial Holdings Ltd Can acquired a new stake in Sherwin-Williams Company (The) in the 1st quarter worth about $212,000. Principal Financial Group Inc. increased its stake in Sherwin-Williams Company (The) by 6.1% during the 2nd quarter. Principal Financial Group Inc. now owns 809,752 shares of the specialty chemicals company’s stock worth $284,191,000 after buying an additional 46,800 shares in the last quarter. BlackRock Inc. increased its stake in Sherwin-Williams Company (The) by 3.9% during the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after buying an additional 204,766 shares in the last quarter. Andra AP fonden increased its stake in Sherwin-Williams Company (The) by 13.6% during the 2nd quarter. Andra AP fonden now owns 14,200 shares of the specialty chemicals company’s stock worth $4,984,000 after buying an additional 1,700 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of Sherwin-Williams Company (The) by 2.8% during the first quarter. Independent Advisor Alliance now owns 5,939 shares of the specialty chemicals company’s stock valued at $1,837,000 after acquiring an additional 159 shares during the last quarter. Hedge funds and other institutional investors 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)

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