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7 Housing Stocks to Buy Regardless of Interest Rate Changes - 5 of 7

 
 

#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
$345.47
Consensus Rating
Moderate Buy
Ratings Breakdown
12 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$397.63 (15.1% Upside)

 

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