Edward Jones upgraded shares of Sherwin-Williams (NYSE:SHW) from a hold rating to a buy rating in a research note issued to investors on Tuesday, The Fly reports.

Other analysts have also issued reports about the company. Zacks Investment Research lowered Sherwin-Williams from a buy rating to a hold rating in a research report on Tuesday, August 7th. ValuEngine raised Sherwin-Williams from a hold rating to a buy rating in a research report on Thursday, July 26th. Gabelli assumed coverage on Sherwin-Williams in a research report on Friday, September 21st. They issued a buy rating and a $553.00 target price for the company. Citigroup lowered Sherwin-Williams from a buy rating to a neutral rating and decreased their target price for the company from $492.00 to $435.00 in a research report on Wednesday, October 10th. Finally, Northcoast Research reaffirmed a buy rating and issued a $465.00 target price on shares of Sherwin-Williams in a research report on Friday, July 27th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $467.42.

Shares of Sherwin-Williams stock opened at $406.82 on Tuesday. Sherwin-Williams has a one year low of $362.36 and a one year high of $479.64. The stock has a market capitalization of $38.35 billion, a P/E ratio of 28.51, a PEG ratio of 1.65 and a beta of 1.24. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.20 and a quick ratio of 0.75.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, July 24th. The specialty chemicals company reported $5.73 EPS for the quarter, beating analysts’ consensus estimates of $5.59 by $0.14. Sherwin-Williams had a return on equity of 46.68% and a net margin of 10.84%. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the previous year, the company posted $4.52 EPS. The firm’s revenue was up 27.8% compared to the same quarter last year. Analysts expect that Sherwin-Williams will post 19.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 24.11%.

In other Sherwin-Williams news, SVP Thomas P. Gilligan sold 5,080 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $458.04, for a total transaction of $2,326,843.20. Following the completion of the sale, the senior vice president now directly owns 7,043 shares of the company’s stock, valued at approximately $3,225,975.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David F. Hodnik sold 524 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $447.19, for a total value of $234,327.56. Following the sale, the director now directly owns 10,105 shares of the company’s stock, valued at $4,518,854.95. The disclosure for this sale can be found here. Insiders have sold a total of 34,775 shares of company stock valued at $15,411,619 over the last three months. Corporate insiders own 0.78% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Sherwin-Williams by 5.8% in the first quarter. Principal Financial Group Inc. now owns 1,118,210 shares of the specialty chemicals company’s stock valued at $438,474,000 after acquiring an additional 61,587 shares in the last quarter. United Capital Financial Advisers LLC grew its holdings in shares of Sherwin-Williams by 22.9% in the first quarter. United Capital Financial Advisers LLC now owns 2,669 shares of the specialty chemicals company’s stock valued at $1,047,000 after acquiring an additional 498 shares in the last quarter. Natixis grew its holdings in shares of Sherwin-Williams by 100.4% in the first quarter. Natixis now owns 9,573 shares of the specialty chemicals company’s stock valued at $3,754,000 after acquiring an additional 4,797 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Sherwin-Williams by 158.8% in the first quarter. Cubist Systematic Strategies LLC now owns 2,034 shares of the specialty chemicals company’s stock valued at $798,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Atlantic Trust Group LLC grew its holdings in shares of Sherwin-Williams by 3.7% in the first quarter. Atlantic Trust Group LLC now owns 254,118 shares of the specialty chemicals company’s stock valued at $99,645,000 after acquiring an additional 9,090 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other 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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

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Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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