Sherwin-Williams (NYSE:SHW) Upgraded by Jefferies Financial Group to “Buy”

Jefferies Financial Group upgraded shares of Sherwin-Williams (NYSE:SHW – Get Rating) from a hold rating to a buy rating in a research report released on Wednesday morning, The Fly reports. They currently have $275.00 target price on the specialty chemicals company’s stock, up from their previous target price of $240.00.

Other research analysts also recently issued research reports about the company. StockNews.com began coverage on Sherwin-Williams in a report on Thursday, May 18th. They set a buy rating on the stock. Mizuho lifted their price objective on Sherwin-Williams from $263.00 to $268.00 in a research report on Wednesday, April 26th. Royal Bank of Canada cut their price objective on Sherwin-Williams from $285.00 to $267.00 and set an outperform rating on the stock in a research report on Tuesday, January 31st. JPMorgan Chase & Co. cut their price objective on Sherwin-Williams from $260.00 to $235.00 and set an overweight rating on the stock in a research report on Friday, January 27th. Finally, Morgan Stanley cut their price objective on Sherwin-Williams from $300.00 to $275.00 and set an overweight rating on the stock in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Sherwin-Williams currently has a consensus rating of Moderate Buy and a consensus price target of $258.74.

Sherwin-Williams Stock Up 0.8 %

SHW opened at $228.78 on Wednesday. The company has a market cap of $59.00 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.42 and a beta of 1.07. The business’s 50-day moving average price is $226.10 and its 200-day moving average price is $233.15. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 3.03. Sherwin-Williams has a 12 month low of $195.24 and a 12 month high of $278.31.

Sherwin-Williams (NYSE:SHW – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The specialty chemicals company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.84 by $0.20. Sherwin-Williams had a return on equity of 86.29% and a net margin of 9.41%. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts expect that Sherwin-Williams will post 8.7 EPS for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be issued a $0.605 dividend. This represents a $2.42 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, May 18th. Sherwin-Williams’s payout ratio is 29.69%.

Institutional Trading of Sherwin-Williams

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arete Wealth Advisors LLC bought a new stake in shares of Sherwin-Williams in the 1st quarter worth $315,000. Ameriprise Financial Inc. increased its holdings in shares of Sherwin-Williams by 10.6% in the 1st quarter. Ameriprise Financial Inc. now owns 1,819,336 shares of the specialty chemicals company’s stock worth $408,929,000 after purchasing an additional 174,384 shares in the last quarter. American Trust grew its holdings in shares of Sherwin-Williams by 11.1% in the first quarter. American Trust now owns 8,006 shares of the specialty chemicals company’s stock worth $1,800,000 after acquiring an additional 802 shares during the period. Trivant Custom Portfolio Group LLC bought a new stake in shares of Sherwin-Williams in the first quarter worth $138,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Sherwin-Williams by 26.2% in the first quarter. Rockefeller Capital Management L.P. now owns 61,081 shares of the specialty chemicals company’s stock worth $13,728,000 after acquiring an additional 12,674 shares during the period. Institutional investors own 76.03% of the company’s stock.

Sherwin-Williams Company Profile

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The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.