November 29, 2016 - By Clifton Ray
Atlantic Equities issued “Overweight” rating on Sherwin-Williams (NYSE:SHW). The firm initiated coverage on shares of SHW in a note revealed to clients and investors on Tuesday morning.
Out of 16 analysts covering Sherwin-Williams Company (NYSE:SHW), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. $336 is the highest target while $265 is the lowest. The $290.75 average target is 5.44% above today’s ($275.75) stock price. Sherwin-Williams Company has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Wells Fargo initiated the shares of SHW in a report on Thursday, September 29 with “Market Perform” rating. Argus Research initiated Sherwin-Williams Co (NYSE:SHW) on Wednesday, April 6 with “Hold” rating. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, January 20 report. The stock has “Neutral” rating given by Seaport Global on Monday, July 11. RBC Capital Markets maintained Sherwin-Williams Co (NYSE:SHW) rating on Wednesday, November 25. RBC Capital Markets has “Outperform” rating and $336 price target. Sterne Agee CRT upgraded the shares of SHW in a report on Tuesday, August 25 to “Neutral” rating. The firm has “Positive” rating given on Monday, March 21 by Susquehanna. As per Friday, October 30, the company rating was maintained by RBC Capital Markets. Longbow upgraded the stock to “Buy” rating in Wednesday, March 16 report. The rating was upgraded by Evercore to “Buy” on Tuesday, November 8.
About 42,996 shares traded hands. Sherwin-Williams Co (NYSE:SHW) has declined 8.70% since April 26, 2016 and is downtrending. It has underperformed by 13.96% the S&P500.
Analysts await Sherwin-Williams Co (NYSE:SHW) to report earnings on January, 26. They expect $2.10 EPS, down 0.94% or $0.02 from last year’s $2.12 per share. SHW’s profit will be $194.42M for 32.84 P/E if the $2.10 EPS becomes a reality. After $4.23 actual EPS reported by Sherwin-Williams Co for the previous quarter, Wall Street now forecasts -50.35% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.06, from 1.04 in 2016Q1. The ratio increased, as 50 funds sold all Sherwin-Williams Co shares owned while 222 reduced positions. 73 funds bought stakes while 210 increased positions. They now own 67.61 million shares or 5.44% less from 71.50 million shares in 2016Q1.
Westover Capital Advsrs Lc reported 4,628 shares or 1.11% of all its holdings. Barometer Capital Management owns 4,100 shares or 0.12% of their US portfolio. Moreover, Westpac Banking Corp has 0% invested in Sherwin-Williams Co (NYSE:SHW) for 26,973 shares. Victory Capital Mgmt owns 99,717 shares or 0.12% of their US portfolio. Sir Capital Management L P holds 1.45% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 33,065 shares. Bancorp Of Mellon accumulated 0.08% or 945,709 shares. Fulton Financial Bank Na last reported 1,338 shares in the company. One National Association last reported 0.02% of its portfolio in the stock. Blackrock Advsrs Limited Liability Corporation has invested 0.16% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Toronto Dominion Retail Bank holds 431 shares or 0% of its portfolio. Manufacturers Life Ins Communication The last reported 0.04% of its portfolio in the stock. The Ontario – Canada-based Financial Bank Of Montreal Can has invested 0.06% in Sherwin-Williams Co (NYSE:SHW). Arrow Fincl has 0.01% invested in the company for 120 shares. Fincl Mgmt Pro Incorporated holds 0.31% or 2,000 shares in its portfolio. Alps Advsr has invested 0% of its portfolio in Sherwin-Williams Co (NYSE:SHW).
Insider Transactions: Since August 1, 2016, the stock had 1 buying transaction, and 2 sales for $10.10 million net activity. Baxter Joel D. sold $1.16M worth of stock. MORIKIS JOHN G had sold 30,353 shares worth $9.07M on Monday, August 1. Another trade for 500 shares valued at $123,650 was made by STROPKI JOHN M on Thursday, October 27.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The company has a market cap of $25.53 billion. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. It has a 23.11 P/E ratio. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment maker product finishes and related items.
According to Zacks Investment Research, “Sherwin-Williams Co. is a manufacturer, distributor and retailer of paint, coatings and related products. It is the one of largest paint companies in the United States and in the world. Well known brands include Sherwin- Williams, Dutch Boy, Pratt & Lambert, Martin-Senour, Thompson’s, Minwax and Krylon. (Company Press Release)”
The Sherwin-Williams Company (Sherwin-Williams), incorporated on July 16, 1884, is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail clients in North and South America with additional activities in the Caribbean region, Europe and Asia. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group.
More news for Sherwin-Williams Co (NYSE:SHW) were recently published by: Fool.com, which released: “Why Sherwin-Williams Co.’s Shares Plunged 11% Today” on October 25, 2016. Prnewswire.com‘s article titled: “Sherwin-Williams Executive Chairman Chris Connor to Retire; President and CEO …” and published on November 07, 2016 is yet another important article.
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By Clifton Ray