BidaskClub cut shares of Sherwin-Williams Company (The) (NYSE:SHW) from a hold rating to a sell rating in a research note published on Tuesday morning.

A number of other analysts have also issued reports on SHW. KeyCorp raised Sherwin-Williams Company (The) from a sector weight rating to an overweight rating and set a $375.00 target price on the stock in a research report on Tuesday, April 4th. Credit Suisse Group set a $344.00 target price on Sherwin-Williams Company (The) and gave the stock a buy rating in a research report on Thursday, April 20th. Barclays PLC lifted their target price on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an equal weight rating in a research report on Monday, April 24th. Zacks Investment Research raised Sherwin-Williams Company (The) from a hold rating to a buy rating and set a $371.00 target price on the stock in a research report on Thursday, April 27th. Finally, Morgan Stanley reaffirmed an overweight rating and set a $375.00 target price (up from $335.00) on shares of Sherwin-Williams Company (The) in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $360.10.

Sherwin-Williams Company (SHW) traded up 0.31% on Tuesday, hitting $335.07. The stock had a trading volume of 525,031 shares. The company’s 50-day moving average is $352.80 and its 200-day moving average is $326.37. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57. The stock has a market cap of $31.11 billion, a P/E ratio of 27.62 and a beta of 1.23.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the firm posted $4.06 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, analysts anticipate that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Sherwin-Williams Company (The) (NYSE:SHW) Cut to “Sell” at BidaskClub” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/04/sherwin-williams-company-the-nyseshw-cut-to-sell-at-bidaskclub.html.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be paid a $0.85 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $3.40 dividend on an annualized basis and a yield of 1.01%. Sherwin-Williams Company (The)’s payout ratio is currently 28.05%.

In other Sherwin-Williams Company (The) news, insider Joel D. Baxter sold 5,470 shares of Sherwin-Williams Company (The) stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $335.50, for a total value of $1,835,185.00. Following the completion of the transaction, the insider now directly owns 8,523 shares in the company, valued at $2,859,466.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Thomas P. Gilligan sold 6,350 shares of Sherwin-Williams Company (The) stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $338.70, for a total value of $2,150,745.00. Following the completion of the transaction, the senior vice president now owns 7,936 shares of the company’s stock, valued at $2,687,923.20. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Alpha Cubed Investments LLC increased its position in shares of Sherwin-Williams Company (The) by 18.2% in the first quarter. Alpha Cubed Investments LLC now owns 2,569 shares of the specialty chemicals company’s stock worth $797,000 after buying an additional 395 shares during the last quarter. Fairfax Financial Holdings Ltd Can bought a new position in shares of Sherwin-Williams Company (The) during the first quarter worth approximately $212,000. Rockland Trust Co. increased its position in shares of Sherwin-Williams Company (The) by 1.6% in the first quarter. Rockland Trust Co. now owns 31,600 shares of the specialty chemicals company’s stock worth $9,802,000 after buying an additional 493 shares during the last quarter. WealthTrust Fairport LLC increased its position in shares of Sherwin-Williams Company (The) by 0.7% in the first quarter. WealthTrust Fairport LLC now owns 18,341 shares of the specialty chemicals company’s stock worth $5,689,000 after buying an additional 134 shares during the last quarter. Finally, BP PLC increased its position in shares of Sherwin-Williams Company (The) by 140.0% in the first quarter. BP PLC now owns 9,600 shares of the specialty chemicals company’s stock worth $2,977,000 after buying an additional 5,600 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.

About Sherwin-Williams Company (The)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Analyst Recommendations for Sherwin-Williams Company (The) (NYSE:SHW)

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