Sherwin-Williams Company (The) (NYSE:SHW)‘s stock had its “hold” rating reaffirmed by analysts at Vertical Research in a research report issued on Wednesday, October 4th. They presently have a $375.00 price target on the specialty chemicals company’s stock, up from their prior price target of $335.00. Vertical Research’s price target indicates a potential downside of 2.81% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Morgan Stanley set a $425.00 target price on Sherwin-Williams Company (The) and gave the company an “overweight” rating in a research note on Wednesday, October 4th. Credit Suisse Group reissued an “outperform” rating and set a $410.00 price target (up from $375.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, October 4th. Jefferies Group LLC raised their price target on Sherwin-Williams Company (The) from $364.00 to $400.00 and gave the company a “hold” rating in a report on Wednesday, October 4th. KeyCorp reissued an “overweight” rating and set a $440.00 price target (up from $415.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada raised their price target on Sherwin-Williams Company (The) from $390.00 to $423.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $392.49.

Sherwin-Williams Company (NYSE:SHW) traded up 0.59% during midday trading on Wednesday, reaching $385.84. 731,524 shares of the company were exchanged. The company has a market capitalization of $35.82 billion, a PE ratio of 31.81 and a beta of 1.22. The firm has a 50-day moving average price of $354.90 and a 200-day moving average price of $341.67. Sherwin-Williams Company has a 52 week low of $239.48 and a 52 week high of $387.17.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.54 by ($0.02). The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.06 earnings per share. Equities research analysts anticipate that Sherwin-Williams Company will post $14.73 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairfax Financial Holdings Ltd Can acquired a new stake in Sherwin-Williams Company (The) in the 1st quarter worth approximately $212,000. Principal Financial Group Inc. lifted its holdings in Sherwin-Williams Company (The) by 6.1% in the 2nd quarter. Principal Financial Group Inc. now owns 809,752 shares of the specialty chemicals company’s stock worth $284,191,000 after purchasing an additional 46,800 shares during the last quarter. BlackRock Inc. lifted its holdings in Sherwin-Williams Company (The) by 3.9% in the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock worth $1,920,720,000 after purchasing an additional 204,766 shares during the last quarter. Andra AP fonden lifted its holdings in Sherwin-Williams Company (The) by 13.6% in the 2nd quarter. Andra AP fonden now owns 14,200 shares of the specialty chemicals company’s stock worth $4,984,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Sherwin-Williams Company (The) by 7.3% in 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 purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 73.82% of the company’s stock.

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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