Sherwin-Williams (NYSE:SHW) Receives “Buy” Rating from G.Research

G.Research reiterated their buy rating on shares of Sherwin-Williams (NYSE:SHW) in a report issued on Wednesday morning, Zacks.com reports. G.Research also issued estimates for Sherwin-Williams’ FY2020 earnings at $22.03 EPS, FY2021 earnings at $23.95 EPS, FY2022 earnings at $26.05 EPS, FY2023 earnings at $27.90 EPS and FY2024 earnings at $30.15 EPS.

A number of other brokerages have also recently commented on SHW. Wells Fargo & Co upped their price target on Sherwin-Williams from $675.00 to $700.00 and gave the company an overweight rating in a research report on Wednesday. Deutsche Bank boosted their price objective on Sherwin-Williams from $675.00 to $700.00 and gave the company a buy rating in a research note on Wednesday. Jefferies Financial Group boosted their price objective on Sherwin-Williams from $570.00 to $650.00 and gave the company a hold rating in a research note on Wednesday. Credit Suisse Group boosted their price objective on Sherwin-Williams from $625.00 to $734.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price objective on Sherwin-Williams from $625.00 to $700.00 and gave the company an overweight rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Sherwin-Williams presently has an average rating of Buy and a consensus target price of $641.95.

Shares of NYSE SHW opened at $647.92 on Wednesday. Sherwin-Williams has a one year low of $325.43 and a one year high of $659.87. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.10 and a quick ratio of 0.57. The business’s fifty day moving average price is $588.73 and its 200-day moving average price is $550.00. The stock has a market capitalization of $58.99 billion, a PE ratio of 34.54, a P/E/G ratio of 3.10 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $7.10 EPS for the quarter, beating analysts’ consensus estimates of $5.69 by $1.41. Sherwin-Williams had a return on equity of 53.67% and a net margin of 9.83%. The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the firm earned $6.57 EPS. The business’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, equities analysts expect that Sherwin-Williams will post 22.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.36 annualized dividend and a dividend yield of 0.83%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 25.38%.

In other news, insider Aaron M. Erter sold 935 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $534.70, for a total transaction of $499,944.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO David B. Sewell sold 5,752 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $571.13, for a total value of $3,285,139.76. Following the transaction, the chief operating officer now owns 14,100 shares in the company, valued at $8,052,933. The disclosure for this sale can be found here. Insiders have sold a total of 19,481 shares of company stock worth $11,529,647 over the last quarter. Corporate insiders own 0.55% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its holdings in Sherwin-Williams by 3.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 435 shares of the specialty chemicals company’s stock valued at $251,000 after acquiring an additional 16 shares during the period. Donaldson Capital Management LLC increased its holdings in shares of Sherwin-Williams by 1.7% in the 2nd quarter. Donaldson Capital Management LLC now owns 1,153 shares of the specialty chemicals company’s stock worth $666,000 after purchasing an additional 19 shares in the last quarter. GWM Advisors LLC boosted its stake in shares of Sherwin-Williams by 1.4% in the 2nd quarter. GWM Advisors LLC now owns 1,363 shares of the specialty chemicals company’s stock worth $787,000 after buying an additional 19 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Sherwin-Williams by 3.6% in the 1st quarter. Gateway Investment Advisers LLC now owns 661 shares of the specialty chemicals company’s stock worth $304,000 after buying an additional 23 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in shares of Sherwin-Williams by 0.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 3,121 shares of the specialty chemicals company’s stock worth $1,803,000 after buying an additional 23 shares during the last quarter. Institutional investors own 76.25% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

Further Reading: How to use beta for portfolio diversification

Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.