Sherwin-Williams (NYSE:SHW) has been assigned a $405.00 price target by equities research analysts at UBS Group in a research report issued on Wednesday, www.tipranks.com reports. The firm presently has a “hold” rating on the specialty chemicals company’s stock. UBS Group’s price objective suggests a potential upside of 2.65% from the company’s previous close.

Other research analysts have also issued research reports about the company. Gabelli assumed coverage on Sherwin-Williams in a research report on Friday, September 21st. They set a “buy” rating and a $553.00 price target on the stock. Citigroup lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and cut their price target for the stock from $492.00 to $435.00 in a research report on Wednesday, October 10th. Barclays cut their price target on Sherwin-Williams from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Friday, October 26th. JPMorgan Chase & Co. raised Sherwin-Williams from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $380.00 to $415.00 in a research report on Monday, December 17th. Finally, Argus set a $480.00 price target on Sherwin-Williams and gave the stock a “buy” rating in a research report on Monday, October 29th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $459.10.

SHW opened at $394.53 on Wednesday. The company has a market cap of $35.71 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.34 and a beta of 1.31. Sherwin-Williams has a 52 week low of $355.28 and a 52 week high of $479.64. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 2.19.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 EPS for the quarter, missing the consensus estimate of $5.71 by ($0.03). The firm had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.78 billion. Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. Equities analysts predict that Sherwin-Williams will post 18.53 earnings per share for the current fiscal year.

In related news, Director John M. Stropki bought 675 shares of the stock in a transaction on Monday, October 29th. The shares were bought at an average cost of $375.00 per share, for a total transaction of $253,125.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.78% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC boosted its stake in shares of Sherwin-Williams by 2.9% in the third quarter. Neuberger Berman Group LLC now owns 446,292 shares of the specialty chemicals company’s stock valued at $203,160,000 after buying an additional 12,747 shares in the last quarter. Royal London Asset Management Ltd. purchased a new stake in shares of Sherwin-Williams in the second quarter valued at approximately $14,343,000. JLB & Associates Inc. boosted its stake in shares of Sherwin-Williams by 3.9% in the third quarter. JLB & Associates Inc. now owns 5,965 shares of the specialty chemicals company’s stock valued at $2,715,000 after buying an additional 224 shares in the last quarter. United Capital Management of KS Inc. purchased a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $1,815,000. Finally, Adams Natural Resources Fund Inc. purchased a new stake in shares of Sherwin-Williams in the third quarter valued at approximately $5,189,000. Hedge funds and other institutional investors own 76.22% of the company’s stock.

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.

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Analyst Recommendations for Sherwin-Williams (NYSE:SHW)

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