Sherwin-Williams Company (The) (NYSE:SHW)’s share price gapped up before the market opened on Wednesday after Morgan Stanley raised their price target on the stock from $375.00 to $425.00. The stock had previously closed at $373.99, but opened at $374.37. Morgan Stanley currently has an overweight rating on the stock. Sherwin-Williams Company (The) shares last traded at $374.17, with a volume of 704,984 shares traded.

Several other equities analysts also recently commented on SHW. UBS AG reissued a “neutral” rating and set a $341.00 target price (up from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Sherwin-Williams Company (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $403.00 target price on the stock. Longbow Research raised shares of Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a research report on Tuesday, June 13th. Citigroup Inc. reissued a “buy” rating and set a $410.00 target price on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. Finally, Vertical Research reissued a “hold” rating and set a $335.00 target price (up from $316.00) on shares of Sherwin-Williams Company (The) in a research report on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Sherwin-Williams Company (The) has an average rating of “Hold” and a consensus target price of $379.69.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in shares of Sherwin-Williams Company (The) in the second quarter valued at about $100,000. American Beacon Advisors Inc. bought a new stake in shares of Sherwin-Williams Company (The) in the first quarter valued at about $106,000. Peddock Capital Advisors LLC bought a new stake in shares of Sherwin-Williams Company (The) in the second quarter valued at about $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Sherwin-Williams Company (The) by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after buying an additional 29 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Sherwin-Williams Company (The) by 2.6% in the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 73.83% of the company’s stock.

The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 30.85 and a beta of 1.22. The firm’s 50 day moving average is $344.98 and its 200-day moving average is $338.24.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its earnings results 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 company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 EPS. On average, equities analysts forecast that Sherwin-Williams Company will post $14.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio is currently 28.05%.

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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.

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