KeyCorp reaffirmed their overweight rating on shares of Sherwin-Williams Company (The) (NYSE:SHW) in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage currently has a $440.00 target price on the specialty chemicals company’s stock, up from their previous target price of $415.00. KeyCorp also issued estimates for Sherwin-Williams Company (The)’s Q3 2017 earnings at $4.75 EPS and FY2018 earnings at $18.25 EPS.

Several other research analysts have also commented on the stock. Robert W. Baird reissued a buy rating and issued a $375.00 price objective on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. 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 note on Sunday, July 23rd. Northcoast Research reissued a buy rating on shares of Sherwin-Williams Company (The) in a research note on Wednesday, July 19th. Longbow Research raised shares of Sherwin-Williams Company (The) from a neutral rating to a buy rating and set a $400.00 price objective for the company in a research note on Tuesday, June 13th. Finally, BidaskClub lowered shares of Sherwin-Williams Company (The) from a strong-buy rating to a buy rating in a research note on Saturday, July 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $385.51.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 383.47 on Wednesday. The stock has a 50 day moving average of $347.85 and a 200 day moving average of $339.05. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $383.64. The stock has a market cap of $35.60 billion, a PE ratio of 31.61 and a beta of 1.22.

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

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The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a yield of 0.89%. Sherwin-Williams Company (The)’s payout ratio is currently 28.05%.

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in Sherwin-Williams Company (The) during the second quarter worth approximately $100,000. American Beacon Advisors Inc. acquired a new stake in Sherwin-Williams Company (The) during the first quarter worth approximately $106,000. Peddock Capital Advisors LLC acquired a new stake in Sherwin-Williams Company (The) during the second quarter worth approximately $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Sherwin-Williams Company (The) by 7.3% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 29 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Sherwin-Williams Company (The) by 2.6% during the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock worth $144,000 after purchasing an additional 11 shares in the last quarter. 73.83% of the stock is currently owned by institutional investors.

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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