#5 - Sherwin-Williams (NYSE:SHW)
The Sherwin Williams Company (NYSE: SHW) appears to be an undervalued opportunity for investors to consider. The company is narrowly focused on paint. But if you’re going to be narrowly focused in a challenging housing environment, paint is a good place to be.
Over the past five years, investors in SHW stock have enjoyed a 113.3% stock price increase in addition to a dividend that, while not having an impressive yield, has increased for 48 consecutive years. And with projected earnings growth of around 11%, that dividend streak shows no signs of slowing down. However, the company’s stock has been down just over 9% in the three months ending June 3, 2024, likely due to concerns about declining year-over-year earnings per share.
But if that’s true, the analysts are telling a different story. The Sherwin Williams analyst ratings on MarketBeat show several analysts increasing their price targets for SHW stock. Those price targets are well above the consensus price target of $344, which is 15% higher than the price of SHW as of June 3, 2024.
About Sherwin-Williams
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.
Read More - Current Price
- $379.75
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $362.68 (4.5% Downside)
