Sherwin-Williams Co (NYSE:SHW) – Equities research analysts at Jefferies Financial Group reduced their Q4 2018 earnings per share (EPS) estimates for Sherwin-Williams in a report issued on Tuesday, January 15th, according to Zacks Investment Research. Jefferies Financial Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings per share of $3.57 for the quarter, down from their previous forecast of $4.12.
Sherwin-Williams (NYSE:SHW) last announced its earnings results on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.02). The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $4.05 billion. Sherwin-Williams had a return on equity of 46.26% and a net margin of 6.32%. During the same quarter in the previous year, the company posted $3.16 EPS.
Other equities analysts have also issued reports about the stock. Credit Suisse Group set a $500.00 target price on shares of Sherwin-Williams and gave the company a “buy” rating in a report on Monday, October 15th. Zacks Investment Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $456.00 target price on the stock in a report on Tuesday, October 16th. Longbow Research started coverage on shares of Sherwin-Williams in a report on Friday, November 30th. They issued a “neutral” rating on the stock. Citigroup raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Finally, BMO Capital Markets set a $444.00 price target on shares of Sherwin-Williams and gave the company a “hold” rating in a report on Wednesday, January 23rd. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Sherwin-Williams currently has an average rating of “Buy” and a consensus target price of $459.67.
NYSE:SHW traded down $4.50 during mid-day trading on Friday, reaching $417.02. 797,555 shares of the company’s stock were exchanged, compared to its average volume of 913,293. Sherwin-Williams has a one year low of $355.28 and a one year high of $479.64. The firm has a market cap of $39.47 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.56 and a beta of 1.30. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.66 and a current ratio of 1.04.
Several hedge funds and other institutional investors have recently modified their holdings of the company. M&T Bank Corp lifted its position in shares of Sherwin-Williams by 41.9% in the 4th quarter. M&T Bank Corp now owns 51,755 shares of the specialty chemicals company’s stock worth $20,364,000 after purchasing an additional 15,290 shares during the period. ETF Managers Group LLC lifted its position in shares of Sherwin-Williams by 17.4% in the 4th quarter. ETF Managers Group LLC now owns 337 shares of the specialty chemicals company’s stock worth $133,000 after purchasing an additional 50 shares during the period. LS Investment Advisors LLC lifted its position in shares of Sherwin-Williams by 2.1% in the 4th quarter. LS Investment Advisors LLC now owns 6,412 shares of the specialty chemicals company’s stock worth $2,523,000 after purchasing an additional 129 shares during the period. Taylor Hoffman Wealth Management lifted its position in shares of Sherwin-Williams by 28.5% in the 4th quarter. Taylor Hoffman Wealth Management now owns 257 shares of the specialty chemicals company’s stock worth $101,000 after purchasing an additional 57 shares during the period. Finally, Ballast Inc. lifted its position in shares of Sherwin-Williams by 7.5% in the 4th quarter. Ballast Inc. now owns 1,485 shares of the specialty chemicals company’s stock worth $584,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 76.38% of the company’s stock.
Sherwin-Williams Company Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.