Sherwin-Williams Company (The) (NYSE:SHW) Downgraded by BidaskClub

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

A number of other research analysts have also recently commented on SHW. UBS AG reiterated a “neutral” rating and issued a $341.00 price objective (up from $312.00) on shares of Sherwin-Williams Company (The) in a report on Tuesday, June 6th. Credit Suisse Group set a $344.00 price objective on Sherwin-Williams Company (The) and gave the company a “buy” rating in a report on Thursday, April 20th. Vertical Research reiterated a “hold” rating and issued a $335.00 price objective (up from $316.00) on shares of Sherwin-Williams Company (The) in a report on Monday, June 26th. Zacks Investment Research cut Sherwin-Williams Company (The) from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Sherwin-Williams Company (The) in a report on Thursday, June 8th. They issued a “buy” rating and a $403.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Sherwin-Williams Company (The) presently has a consensus rating of “Hold” and an average target price of $360.10.

Sherwin-Williams Company (NYSE SHW) traded down 0.18% during midday trading on Monday, hitting $328.97. The stock had a trading volume of 553,832 shares. The company has a market cap of $30.54 billion, a PE ratio of 27.12 and a beta of 1.23. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $362.57. The firm has a 50-day moving average of $344.62 and a 200-day moving average of $329.62.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.83 billion. During the same quarter in the prior year, the company posted $4.06 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that Sherwin-Williams Company will post $15.00 EPS for the current year.

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Several hedge funds have recently bought and sold shares of SHW. First Citizens Bank & Trust Co. raised its stake in Sherwin-Williams Company (The) by 0.3% in the first quarter. First Citizens Bank & Trust Co. now owns 1,160 shares of the specialty chemicals company’s stock worth $360,000 after buying an additional 3 shares in the last quarter. Alps Advisors Inc. raised its stake in Sherwin-Williams Company (The) by 0.3% in the second quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock worth $542,000 after buying an additional 4 shares in the last quarter. BRYN MAWR TRUST Co raised its stake in Sherwin-Williams Company (The) by 0.7% in the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after buying an additional 7 shares in the last quarter. Dynamic Advisors Solutions LLC raised its stake in Sherwin-Williams Company (The) by 1.2% in the second quarter. Dynamic Advisors Solutions LLC now owns 684 shares of the specialty chemicals company’s stock worth $240,000 after buying an additional 8 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Sherwin-Williams Company (The) by 0.5% in the second quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock worth $599,000 after buying an additional 9 shares in the last quarter. 72.69% of the stock is currently owned by institutional investors and hedge funds.

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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