Equities researchers at Sterne Agee began coverage on shares of Sherwin-Williams (NYSE:SHW) in a research report issued on Thursday, AnalystRatings.Net reports. The firm set a “neutral” rating on the stock.
Sherwin-Williams (NYSE:SHW) opened at 185.54 on Thursday. Sherwin-Williams has a 52-week low of $140.12 and a 52-week high of $195.32. The stock’s 50-day moving average is $183.7 and its 200-day moving average is $180.7. The company has a market cap of $18.639 billion and a price-to-earnings ratio of 27.45.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Friday, October 25th. The company reported $2.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.63 by $0.05. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $2.24 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that Sherwin-Williams will post $7.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Stockholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, November 13th.
A number of other analysts have also recently weighed in on SHW. Analysts at Barclays raised their price target on shares of Sherwin-Williams from $183.00 to $205.00 in a research note to investors on Wednesday, October 30th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sherwin-Williams in a research note to investors on Monday, October 28th. They now have a $205.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Sherwin-Williams from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 23rd. They now have a $215.00 price target on the stock, up previously from $185.00. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $196.29.
The Sherwin-Williams Company (NYSE:SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.
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