Sherwin Williams’s Buy Rating Reaffirmed at TheStreet (SHW)
http://www.americanbankingnews.com/getthestreet reiterated their buy rating on shares of Sherwin Williams (NYSE: SHW) in a research note issued to investors on Friday.
“Sherwin-Williams Company (SHW) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+ . The company’s strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
,” TheStreet’s analyst wrote.
Shares of Sherwin Williams opened at 165.38 on Friday. Sherwin Williams has a 52 week low of $101.80 and a 52 week high of $167.27. The stock’s 50-day moving average is currently $162.5. The company has a market cap of $16.838 billion and a P/E ratio of 27.47.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 8th. Investors of record on Monday, February 25th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 21st. This is an increase from Sherwin Williams’s previous quarterly dividend of $0.39.
SHW has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Sherwin Williams in a research note to investors on Wednesday, February 6th. They now have a $171.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Sherwin Williams from $171.00 to $180.00 in a research note to investors on Wednesday, February 6th. They now have an equal weight rating on the stock. Finally, analysts at Northcoast Research downgraded shares of Sherwin Williams from a buy rating to a neutral rating in a research note to investors on Friday, January 11th.
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