Sherwin-Williams (NYSE:SHW) Rating Increased to Buy at StockNews.com

Sherwin-Williams (NYSE:SHW - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.

A number of other research analysts have also weighed in on SHW. Robert W. Baird lifted their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a "neutral" rating in a research note on Wednesday, July 24th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. Wells Fargo & Company lifted their price target on Sherwin-Williams from $350.00 to $400.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 15th. Jefferies Financial Group upped their price objective on Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a research report on Monday, August 26th. Finally, Evercore ISI lifted their target price on Sherwin-Williams from $365.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.35.

Sherwin-Williams Trading Down 5.4 %

Shares of NYSE SHW traded down $20.48 during mid-day trading on Tuesday, hitting $361.27. The company's stock had a trading volume of 4,720,360 shares, compared to its average volume of 1,544,235. Sherwin-Williams has a one year low of $232.06 and a one year high of $392.57. The company's fifty day simple moving average is $371.59 and its 200-day simple moving average is $334.45. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The stock has a market cap of $91.13 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 3.04 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.19. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the prior year, the company posted $3.29 earnings per share. The firm's revenue was up .5% on a year-over-year basis. On average, sell-side analysts anticipate that Sherwin-Williams will post 11.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the business's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares in the company, valued at $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company's stock worth $7,509,601,000 after purchasing an additional 184,979 shares during the last quarter. Capital International Investors raised its stake in Sherwin-Williams by 10.5% during the first quarter. Capital International Investors now owns 2,302,120 shares of the specialty chemicals company's stock worth $799,595,000 after buying an additional 219,149 shares during the last quarter. Legal & General Group Plc lifted its holdings in Sherwin-Williams by 2.9% in the second quarter. Legal & General Group Plc now owns 1,921,846 shares of the specialty chemicals company's stock valued at $573,538,000 after buying an additional 53,487 shares during the period. PineStone Asset Management Inc. boosted its position in Sherwin-Williams by 132.8% during the second quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company's stock valued at $480,291,000 after acquiring an additional 917,979 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Sherwin-Williams by 18.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,524,367 shares of the specialty chemicals company's stock worth $454,917,000 after acquiring an additional 238,031 shares during the period. 77.67% of the stock is owned by institutional investors.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.