Robert W. Baird reiterated their buy rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a report published on Friday morning. They currently have a $425.00 target price on the specialty chemicals company’s stock.

A number of other equities research analysts have also commented on SHW. Northcoast Research reiterated a buy rating on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 19th. Credit Suisse Group upgraded Sherwin-Williams Company (The) to a buy rating and set a $375.00 price target on the stock in a research report on Sunday, July 23rd. J P Morgan Chase & Co initiated coverage on Sherwin-Williams Company (The) in a research report on Monday, July 24th. They issued a neutral rating and a $365.00 price target on the stock. BidaskClub lowered Sherwin-Williams Company (The) from a buy rating to a hold rating in a research report on Monday, July 24th. Finally, UBS AG reiterated a neutral rating and issued a $375.00 price target (up previously from $359.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $398.25.

Sherwin-Williams Company (NYSE:SHW) traded up $2.43 during midday trading on Friday, hitting $389.46. The company’s stock had a trading volume of 250,000 shares, compared to its average volume of 645,608. Sherwin-Williams Company has a 1 year low of $260.00 and a 1 year high of $398.22. The company has a market cap of $36,192.69, a price-to-earnings ratio of 27.88, a PEG ratio of 2.16 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.70 by $0.05. Sherwin-Williams Company (The) had a return on equity of 58.02% and a net margin of 7.82%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the previous year, the company posted $4.23 EPS. The business’s revenue was up 37.4% on a year-over-year basis. analysts forecast that Sherwin-Williams Company will post 15.04 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Thursday, November 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is currently 29.90%.

A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in Sherwin-Williams Company (The) by 9.6% during the 3rd quarter. Wells Fargo & Company MN now owns 738,780 shares of the specialty chemicals company’s stock worth $264,514,000 after buying an additional 64,841 shares during the period. Amalgamated Bank raised its stake in Sherwin-Williams Company (The) by 2.4% during the 3rd quarter. Amalgamated Bank now owns 9,883 shares of the specialty chemicals company’s stock worth $3,539,000 after buying an additional 232 shares during the period. Twin Capital Management Inc. acquired a new position in Sherwin-Williams Company (The) during the 3rd quarter worth approximately $7,961,000. Cadence Capital Management LLC acquired a new position in Sherwin-Williams Company (The) during the 3rd quarter worth approximately $265,000. Finally, Iberiabank Corp raised its stake in Sherwin-Williams Company (The) by 36.6% during the 3rd quarter. Iberiabank Corp now owns 8,184 shares of the specialty chemicals company’s stock worth $2,967,000 after buying an additional 2,191 shares during the period. 73.73% of the stock is currently owned by institutional investors and hedge funds.

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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