November 29, 2016 - By Darrin Black
Investment analysts at Atlantic Equities has started coverage on shares of Sherwin-Williams (NYSE:SHW) in a research note made public on Tuesday, 29 November, Octafinance.com reports. The company set “Overweight” rating on SHW stock.
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 5.12% above today’s ($276.58) stock price. Sherwin-Williams Company has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, July 11 by Seaport Global. The company was initiated on Thursday, September 29 by Wells Fargo. The stock of Sherwin-Williams Co (NYSE:SHW) earned “Outperform” rating by RBC Capital Markets on Friday, October 30. RBC Capital Markets maintained it with “Outperform” rating and $336 target price in Wednesday, November 25 report. On Tuesday, August 25 the stock rating was upgraded by Sterne Agee CRT to “Neutral”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 29. Longbow upgraded the stock to “Buy” rating in Wednesday, March 16 report. The firm earned “Positive” rating on Monday, March 21 by Susquehanna. The firm has “Neutral” rating by UBS given on Monday, March 21. As per Wednesday, January 20, the company rating was upgraded by Goldman Sachs.
About 474,666 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 earnings per share, down 0.94% or $0.02 from last year’s $2.12 per share. SHW’s profit will be $194.45 million for 32.93 P/E if the $2.10 EPS becomes a reality. After $4.23 actual earnings per share 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 2016 Q2. 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.
Sunbelt Secs holds 0% or 164 shares in its portfolio. National Pension Service has 0.14% invested in the company for 55,063 shares. Korea Inv accumulated 152,249 shares or 0.27% of the stock. Pacific Invest Mgmt Communications has invested 0.26% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Old Mutual Global Invsts (Uk) has 0.97% invested in the company for 176,334 shares. Teachers Advisors Incorporated last reported 0.11% of its portfolio in the stock. Silvercrest Asset Mgmt Lc owns 2,401 shares or 0.01% of their US portfolio. Frontier Cap Limited Liability Com holds 373,678 shares or 0.9% of its portfolio. Seven Eight Capital Ltd accumulated 1,700 shares or 0.17% of the stock. Commonwealth Bank & Trust Of Australia owns 5,256 shares or 0.02% of their US portfolio. Country Club Tru Na last reported 0.03% of its portfolio in the stock. Ubs Asset Mngmt Americas holds 922,002 shares or 0.31% of its portfolio. Davidson Garrard has invested 0.09% of its portfolio in Sherwin-Williams Co (NYSE:SHW). Vident Inv Advisory Lc holds 0.1% of its portfolio in Sherwin-Williams Co (NYSE:SHW) for 1,996 shares. Apg Asset Mgmt Nv reported 295,984 shares or 0.16% of all its holdings.
Insider Transactions: Since August 1, 2016, the stock had 1 buy, and 2 insider sales for $10.10 million net activity. Baxter Joel D. had sold 3,853 shares worth $1.16 million on Friday, August 5. $9.07M worth of Sherwin-Williams Co (NYSE:SHW) was sold by MORIKIS JOHN G. 500 shares were bought by STROPKI JOHN M, worth $123,650.
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 $25.61 billion. The Firm has four operating divisions: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. It has a 23.18 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 Darrin Black