Seaport Global Securities upgraded shares of Sherwin-Williams (NYSE:SHW) from a neutral rating to a buy rating in a research report sent to investors on Friday morning. Seaport Global Securities also issued estimates for Sherwin-Williams’ Q2 2018 earnings at $5.73 EPS, Q3 2018 earnings at $6.17 EPS, FY2018 earnings at $19.23 EPS, Q1 2019 earnings at $3.86 EPS, Q4 2019 earnings at $4.85 EPS and FY2019 earnings at $22.20 EPS.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Co reaffirmed a market perform rating and issued a $400.00 price target (up from $360.00) on shares of Sherwin-Williams in a research note on Wednesday, October 25th. UBS Group raised their price target on shares of Sherwin-Williams from $375.00 to $395.00 and gave the company a neutral rating in a research note on Wednesday, October 25th. Raymond James Financial started coverage on shares of Sherwin-Williams in a research note on Tuesday, December 19th. They issued a strong-buy rating and a $496.00 price target on the stock. Moffett Nathanson started coverage on shares of Sherwin-Williams in a research note on Monday, December 4th. They issued a buy rating on the stock. Finally, Citigroup raised their price target on shares of Sherwin-Williams from $405.00 to $442.00 and gave the company a buy rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $433.74.

Sherwin-Williams (NYSE SHW) opened at $393.23 on Friday. The firm has a market cap of $36,770.00, a PE ratio of 20.65, a P/E/G ratio of 1.82 and a beta of 1.17. Sherwin-Williams has a 12 month low of $301.51 and a 12 month high of $435.15. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The company’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 earnings per share. equities analysts anticipate that Sherwin-Williams will post 19.1 earnings per share for the current fiscal year.

In other Sherwin-Williams news, SVP Robert J. Wells sold 2,946 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $409.11, for a total value of $1,205,238.06. Following the completion of the sale, the senior vice president now owns 18,363 shares in the company, valued at approximately $7,512,486.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Davisson sold 8,800 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the completion of the sale, the insider now owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in shares of Sherwin-Williams during the 2nd quarter worth approximately $100,000. Spectrum Management Group Inc. acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $162,000. Montag A & Associates Inc. acquired a new stake in shares of Sherwin-Williams during the 3rd quarter worth approximately $202,000. BTIM Corp. purchased a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $202,000. Finally, ZWJ Investment Counsel Inc. purchased a new position in shares of Sherwin-Williams during the 3rd quarter worth approximately $204,000. Institutional investors own 75.92% of the company’s stock.

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Sherwin-Williams Company Profile

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 (NYSE:SHW)

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