Sherwin-Williams (SHW) Receives New Coverage from Analysts at Moffett Nathanson
Moffett Nathanson started coverage on shares of Sherwin-Williams (NYSE:SHW) in a research report report published on Monday morning. The firm issued a buy rating on the specialty chemicals company’s stock.
A number of other brokerages have also issued reports on SHW. Royal Bank Of Canada restated a buy rating on shares of Sherwin-Williams in a research report on Wednesday, September 20th. Robert W. Baird reiterated a buy rating and issued a $425.00 price objective on shares of Sherwin-Williams in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Sherwin-Williams from a hold rating to a buy rating and set a $380.00 price objective on the stock in a research report on Wednesday, September 20th. Zelman & Associates upgraded shares of Sherwin-Williams from a hold rating to a buy rating in a research report on Wednesday, October 18th. Finally, Bank of America upgraded shares of Sherwin-Williams from an underperform rating to a buy rating and lifted their price objective for the company from $325.00 to $435.00 in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $402.32.
Shares of Sherwin-Williams (NYSE:SHW) traded up $11.86 on Monday, hitting $406.93. 894,100 shares of the stock were exchanged, compared to its average volume of 632,390. The company has a current ratio of 1.07, a quick ratio of 0.68 and a debt-to-equity ratio of 3.68. The stock has a market capitalization of $36,944.54, a price-to-earnings ratio of 28.46, a PEG ratio of 2.20 and a beta of 1.22. Sherwin-Williams has a twelve month low of $263.06 and a twelve month high of $410.66.
Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.70 by $0.05. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period last year, the firm posted $4.23 earnings per share. analysts expect that Sherwin-Williams will post 15.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.40 annualized dividend and a dividend yield of 0.84%. Sherwin-Williams’s payout ratio is currently 29.90%.
In other Sherwin-Williams news, insider Robert J. Davisson sold 8,800 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the sale, the insider now directly owns 14,812 shares in the company, valued at approximately $5,777,716.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joel D. Baxter sold 2,376 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the sale, the insider now owns 3,302 shares in the company, valued at $1,285,336.52. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SHW. Tower Research Capital LLC TRC acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth $100,000. Peddock Capital Advisors LLC acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth $123,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Sherwin-Williams by 7.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after buying an additional 29 shares during the last quarter. Spectrum Management Group Inc. acquired a new position in shares of Sherwin-Williams during the 3rd quarter worth $162,000. Finally, Parallel Advisors LLC raised its stake in shares of Sherwin-Williams by 13.4% during the 2nd quarter. Parallel Advisors LLC now owns 490 shares of the specialty chemicals company’s stock worth $165,000 after buying an additional 58 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.
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Sherwin-Williams 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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