#5 - Sherwin-Willliams (NYSE:SHW)
To some investors, owning stock in a paint company may seem as exciting as watching paint dry. But institutional investors have been starting or adding to their positions in The Sherwin-Williams Company (NYSE: SHW) in the past 12 months.
The enthusiasm for SHW stock is based on an expected recovery in the housing market in 2025. But even if sticky inflation causes that rebound to take longer than expected, institutional investors believe that the market for home improvement is already recovering. Paint is a cost-effective home improvement. Demand should remain steady if the Federal Reserve continues to lower interest rates independent of inflation.
As of December 16, 2024, SHW stock is fairly valued at the midpoint of its Q4 2024 guidance. But analysts are projecting 12% earnings growth in 2025 and have started to raise their price targets. The Sherwin-Williams analyst forecasts on MarketBeat show Morgan Stanley with the highest price target of $450, which is a 15% gain.
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
- $353.97
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $402.25 (13.6% Upside)
