Free Trial

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
$370.98
Consensus Rating
Moderate Buy
Ratings Breakdown
13 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$395.29 (6.6% Upside)

 

10 EV Stocks to Buy Right Now (Ad)

EV stocks are red hot. We’ve found TEN that we think will produce big wins for early investors. There’s no charge to view this report, so I urge everyone to check out the 10 stocks we’ve found as soon as possible.

Click here to view all 10 stocks right away.