Sherwin-Williams (NYSE:SHW) Rating Reiterated by Royal Bank of Canada

Sherwin-Williams (NYSE:SHW)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank of Canada in a research report issued on Friday, Benzinga reports. They currently have a $418.00 price target on the specialty chemicals company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 13.17% from the company’s previous close.

Several other analysts have also recently commented on SHW. Redburn Atlantic upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. BMO Capital Markets boosted their price target on shares of Sherwin-Williams from $360.00 to $386.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group boosted their price target on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Barclays boosted their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their target price on shares of Sherwin-Williams from $338.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $361.95.

Sherwin-Williams Trading Up 2.4 %

Shares of Sherwin-Williams stock opened at $369.37 on Friday. The company’s fifty day simple moving average is $332.64 and its 200-day simple moving average is $323.02. The stock has a market capitalization of $93.65 billion, a PE ratio of 39.38, a P/E/G ratio of 2.79 and a beta of 1.16. Sherwin-Williams has a 1-year low of $232.06 and a 1-year high of $370.27. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.33 billion. During the same quarter last year, the company posted $3.29 EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that Sherwin-Williams will post 11.44 earnings per share for the current year.

Institutional Investors Weigh In On Sherwin-Williams

Several large investors have recently added to or reduced their stakes in SHW. Vanguard Group Inc. lifted its position in shares of Sherwin-Williams by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 21,620,939 shares of the specialty chemicals company’s stock worth $7,509,601,000 after purchasing an additional 184,979 shares during the period. Capital World Investors lifted its position in shares of Sherwin-Williams by 38.9% in the 4th quarter. Capital World Investors now owns 3,840,789 shares of the specialty chemicals company’s stock worth $1,197,952,000 after purchasing an additional 1,075,351 shares during the period. Norges Bank purchased a new stake in shares of Sherwin-Williams in the 4th quarter worth approximately $1,176,356,000. Clearbridge Investments LLC lifted its position in shares of Sherwin-Williams by 4.4% in the 4th quarter. Clearbridge Investments LLC now owns 2,779,294 shares of the specialty chemicals company’s stock worth $866,862,000 after purchasing an additional 116,647 shares during the period. Finally, Capital Research Global Investors lifted its position in shares of Sherwin-Williams by 2.3% in the 4th quarter. Capital Research Global Investors now owns 2,536,096 shares of the specialty chemicals company’s stock worth $791,008,000 after purchasing an additional 56,161 shares during the period. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Company Profile

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.