Sherwin-Williams Co (NYSE:SHW) – Equities researchers at KeyCorp lowered their FY2018 earnings per share (EPS) estimates for shares of Sherwin-Williams in a research report issued on Thursday, October 25th. KeyCorp analyst M. Sison now anticipates that the specialty chemicals company will earn $19.10 per share for the year, down from their prior forecast of $19.25. KeyCorp also issued estimates for Sherwin-Williams’ Q4 2018 earnings at $4.12 EPS.
A number of other equities analysts also recently commented on the company. Buckingham Research decreased their price target on Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating for the company in a research note on Friday. Credit Suisse Group decreased their price target on Sherwin-Williams from $500.00 to $467.00 and set a “buy” rating for the company in a research note on Friday. Barclays decreased their price target on Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Friday. Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Edward Jones upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus target price of $466.74.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 EPS for the quarter, missing the Zacks’ consensus estimate of $5.71 by ($0.03). The firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.78 billion. Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be paid a $0.86 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.44 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams’s payout ratio is currently 24.11%.
In other Sherwin-Williams news, insider Peter J. Ippolito sold 3,839 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $440.91, for a total value of $1,692,653.49. Following the completion of the transaction, the insider now directly owns 3,839 shares in the company, valued at $1,692,653.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Thomas P. Gilligan sold 5,080 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $458.04, for a total value of $2,326,843.20. Following the completion of the transaction, the senior vice president now owns 7,043 shares of the company’s stock, valued at $3,225,975.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,301 shares of company stock valued at $4,634,056. 0.78% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SHW. LFA Lugano Financial Advisors SA bought a new stake in shares of Sherwin-Williams during the third quarter valued at approximately $112,000. Fort L.P. bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $124,000. Valeo Financial Advisors LLC raised its holdings in shares of Sherwin-Williams by 168.6% during the second quarter. Valeo Financial Advisors LLC now owns 325 shares of the specialty chemicals company’s stock valued at $142,000 after buying an additional 204 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Sherwin-Williams by 10,109.0% during the second quarter. Moneta Group Investment Advisors LLC now owns 28,279 shares of the specialty chemicals company’s stock valued at $161,000 after buying an additional 28,002 shares during the last quarter. Finally, BTIM Corp. bought a new stake in shares of Sherwin-Williams during the second quarter valued at approximately $201,000. 77.60% of the stock is currently owned by institutional investors.
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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