Zacks Investment Research lowered shares of Sherwin-Williams Company (The) (NYSE:SHW) from a hold rating to a sell rating in a report released on Monday, October 2nd.

According to Zacks, “Sherwin-Williams has lowered its earnings outlook for the third quarter of 2017 factoring in the impacts of disruptions in its operations from recent hurricanes. The company also faces earnings headwinds from sizable charges related to Valspar acquisition. Moreover, it remains exposed to raw material cost pressure and weakness in Europe. The company's stretched valuation is another concern. However, Sherwin-Williams has outperformed the industry it belongs to over the past year. “

SHW has been the topic of a number of other research reports. UBS AG reaffirmed a neutral rating and issued a $341.00 target price (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research note on Tuesday, June 6th. BidaskClub lowered Sherwin-Williams Company (The) from a hold rating to a sell rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated a buy rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, September 20th. Robert W. Baird reiterated a buy rating and issued a $375.00 price target on shares of Sherwin-Williams Company (The) in a report on Friday, September 29th. Finally, Vertical Research reiterated a hold rating and issued a $335.00 price target (up from $316.00) on shares of Sherwin-Williams Company (The) in a report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $392.49.

Sherwin-Williams Company (SHW) traded up 0.59% during mid-day trading on Monday, reaching $385.84. The company’s stock had a trading volume of 731,524 shares. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $387.17. The company has a market cap of $35.82 billion, a PE ratio of 31.81 and a beta of 1.22. The firm’s 50 day moving average is $354.90 and its 200-day moving average is $341.67.

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

ILLEGAL ACTIVITY NOTICE: “Sherwin-Williams Company (The) (NYSE:SHW) Lowered to Sell at Zacks Investment Research” was first reported by Marea Informative and is the property of of Marea Informative. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at http://www.mareainformativa.com/zacks-investment-research-lowers-sherwin-williams-company-the-shw-to-sell/117265/.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Sherwin-Williams Company (The) by 5.0% in the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after purchasing an additional 315,903 shares during the period. BlackRock Inc. increased its stake in shares of Sherwin-Williams Company (The) by 3.9% during the second quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after acquiring an additional 204,766 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Sherwin-Williams Company (The) by 3.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock valued at $1,322,887,000 after acquiring an additional 136,991 shares during the period. FMR LLC increased its stake in shares of Sherwin-Williams Company (The) by 18.1% during the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after acquiring an additional 621,190 shares during the period. Finally, State Street Corp boosted its holdings in Sherwin-Williams Company (The) by 1.0% during the first quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock worth $1,188,731,000 after buying an additional 39,010 shares in the last quarter. Hedge funds and other institutional investors own 73.82% of the company’s stock.

About Sherwin-Williams Company (The)

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.

Get a free copy of the Zacks research report on Sherwin-Williams Company (The) (SHW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Sherwin-Williams Company (The) (NYSE:SHW)

Receive News & Stock Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related stocks with our FREE daily email newsletter.