Sherwin-Williams (SHW) Now Covered by Analysts at Gabelli

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Gabelli assumed coverage on shares of Sherwin-Williams (NYSE:SHW) in a report published on Friday, September 21st, Marketbeat reports. The firm issued a buy rating and a $553.00 target price on the specialty chemicals company’s stock.

SHW has been the subject of a number of other reports. Seaport Global Securities cut shares of Sherwin-Williams from a buy rating to a neutral rating in a research report on Monday, September 17th. They noted that the move was a valuation call. Edward Jones started coverage on shares of Sherwin-Williams in a research report on Tuesday, September 4th. They issued a hold rating for the company. Zacks Investment Research cut shares of Sherwin-Williams from a buy rating to a hold rating in a research report on Tuesday, August 7th. Northcoast Research reissued a buy rating and issued a $465.00 price objective on shares of Sherwin-Williams in a research report on Friday, July 27th. Finally, ValuEngine raised shares of Sherwin-Williams from a hold rating to a buy rating in a research report on Thursday, July 26th. Eleven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Sherwin-Williams presently has a consensus rating of Buy and a consensus price target of $469.42.

NYSE SHW traded down $0.25 during trading hours on Friday, hitting $406.97. The company had a trading volume of 846,634 shares, compared to its average volume of 673,189. Sherwin-Williams has a fifty-two week low of $362.36 and a fifty-two week high of $479.64. The company has a market cap of $42.51 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.87 and a beta of 1.24. The company has a current ratio of 1.20, a quick ratio of 0.75 and a debt-to-equity ratio of 2.59.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Tuesday, July 24th. The specialty chemicals company reported $5.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.59 by $0.14. Sherwin-Williams had a return on equity of 46.68% and a net margin of 10.84%. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the firm earned $4.52 EPS. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, sell-side analysts forecast that Sherwin-Williams will post 19.3 EPS for the current fiscal year.

In other news, Director Susan J. Kropf sold 995 shares of the stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $445.43, for a total transaction of $443,202.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John G. Morikis sold 20,946 shares of the stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $439.30, for a total transaction of $9,201,577.80. Following the transaction, the chairman now directly owns 104,907 shares in the company, valued at approximately $46,085,645.10. The disclosure for this sale can be found here. Insiders have sold 34,775 shares of company stock worth $15,411,619 in the last ninety days. Corporate insiders own 0.78% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its stake in Sherwin-Williams by 2.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,965,703 shares of the specialty chemicals company’s stock worth $1,616,302,000 after acquiring an additional 103,497 shares during the period. JPMorgan Chase & Co. raised its stake in Sherwin-Williams by 4.4% during the first quarter. JPMorgan Chase & Co. now owns 1,396,160 shares of the specialty chemicals company’s stock worth $547,463,000 after acquiring an additional 58,419 shares during the period. Fiera Capital Corp raised its stake in Sherwin-Williams by 1.2% during the second quarter. Fiera Capital Corp now owns 1,327,123 shares of the specialty chemicals company’s stock worth $540,895,000 after acquiring an additional 15,992 shares during the period. Bank of America Corp DE raised its stake in Sherwin-Williams by 6.0% during the second quarter. Bank of America Corp DE now owns 1,285,163 shares of the specialty chemicals company’s stock worth $523,795,000 after acquiring an additional 72,526 shares during the period. Finally, Morgan Stanley raised its stake in Sherwin-Williams by 6.1% during the second quarter. Morgan Stanley now owns 1,161,177 shares of the specialty chemicals company’s stock worth $473,262,000 after acquiring an additional 67,038 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.

About Sherwin-Williams

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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