Sherwin-Williams Co (NYSE:SHW) – Equities researchers at Jefferies Financial Group decreased their FY2018 earnings estimates for Sherwin-Williams in a report released on Tuesday, January 15th, Zacks Investment Research reports. Jefferies Financial Group analyst L. Alexander now expects that the specialty chemicals company will earn $18.55 per share for the year, down from their prior forecast of $19.10. Jefferies Financial Group also issued estimates for Sherwin-Williams’ FY2019 earnings at $20.90 EPS and FY2020 earnings at $23.55 EPS.
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Sherwin-Williams from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $380.00 to $415.00 in a research note on Monday, December 17th. Barclays reduced their target price on shares of Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, October 26th. Argus set a $480.00 target price on shares of Sherwin-Williams and gave the company a “buy” rating in a report on Monday, October 29th. KeyCorp reduced their target price on shares of Sherwin-Williams from $500.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, January 16th. Finally, Buckingham Research reduced their target price on shares of Sherwin-Williams from $425.00 to $410.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Sherwin-Williams presently has a consensus rating of “Buy” and a consensus target price of $461.10.
SHW traded up $2.90 during trading on Thursday, hitting $421.01. The stock had a trading volume of 510,454 shares, compared to its average volume of 872,900. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.59 and a current ratio of 1.01. The stock has a market capitalization of $39.42 billion, a P/E ratio of 22.73, a P/E/G ratio of 1.62 and a beta of 1.29. Sherwin-Williams has a twelve month low of $355.28 and a twelve month high of $479.64.
Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.02). The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.05 billion. Sherwin-Williams had a net margin of 6.32% and a return on equity of 46.48%. During the same period in the previous year, the firm earned $3.16 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of SHW. Carroll Financial Associates Inc. grew its position in Sherwin-Williams by 4.3% in the fourth quarter. Carroll Financial Associates Inc. now owns 657 shares of the specialty chemicals company’s stock valued at $260,000 after acquiring an additional 27 shares in the last quarter. Telemus Capital LLC lifted its stake in Sherwin-Williams by 4.5% in the fourth quarter. Telemus Capital LLC now owns 700 shares of the specialty chemicals company’s stock valued at $275,000 after buying an additional 30 shares during the last quarter. CWM LLC lifted its stake in Sherwin-Williams by 12.1% in the fourth quarter. CWM LLC now owns 314 shares of the specialty chemicals company’s stock valued at $124,000 after buying an additional 34 shares during the last quarter. Sigma Planning Corp lifted its stake in Sherwin-Williams by 1.4% in the fourth quarter. Sigma Planning Corp now owns 2,526 shares of the specialty chemicals company’s stock valued at $994,000 after buying an additional 34 shares during the last quarter. Finally, ETF Managers Group LLC lifted its stake in Sherwin-Williams by 17.4% in the fourth quarter. ETF Managers Group LLC now owns 337 shares of the specialty chemicals company’s stock valued at $133,000 after buying an additional 50 shares during the last quarter. 76.18% of the stock is owned by institutional investors.
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 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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