Sherwin-Williams Company (The) (NYSE:SHW) Lowered to “Hold” at BidaskClub

Sherwin-Williams Company (The) (NYSE:SHW) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, July 24th.

Other research analysts have also recently issued research reports about the stock. UBS AG reiterated a “neutral” rating and issued a $341.00 price target (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Barclays PLC upped their price target on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a report on Monday, April 24th. Zacks Investment Research upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Tuesday, May 23rd. Northcoast Research reiterated a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Finally, Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target for the company in a report on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Sherwin-Williams Company (The) presently has a consensus rating of “Hold” and an average target price of $360.10.

Shares of Sherwin-Williams Company (NYSE:SHW) opened at 331.88 on Monday. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57. The stock has a market cap of $30.81 billion, a P/E ratio of 27.36 and a beta of 1.23. The company has a 50 day moving average of $348.21 and a 200 day moving average of $328.31.

Sherwin-Williams Company (The) (NYSE:SHW) last issued its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.06 EPS. Equities research analysts expect that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.

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In other Sherwin-Williams Company (The) news, insider Joel D. Baxter sold 5,470 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $335.50, for a total transaction of $1,835,185.00. Following the sale, the insider now directly owns 8,523 shares of the company’s stock, valued at $2,859,466.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.69% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. American Beacon Advisors Inc. purchased a new stake in Sherwin-Williams Company (The) during the first quarter valued at about $106,000. Peddock Capital Advisors LLC purchased a new stake in Sherwin-Williams Company (The) during the second quarter valued at about $123,000. Barometer Capital Management Inc. purchased a new stake in Sherwin-Williams Company (The) during the first quarter valued at about $124,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in 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 raised its stake in 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. 72.92% of the stock is currently owned by hedge funds and other 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.

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