Sherwin-Williams (SHW) Expected to Announce Earnings on Thursday

Sherwin-Williams (NYSE:SHW) is projected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Sherwin-Williams to post earnings of $2.07 per share and revenue of $5.32 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Sherwin-Williams Trading Up 0.1 %

NYSE SHW opened at $364.40 on Wednesday. The stock has a 50 day simple moving average of $361.00 and a two-hundred day simple moving average of $362.74. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The stock has a market cap of $91.77 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22. Sherwin-Williams has a fifty-two week low of $282.09 and a fifty-two week high of $400.42.

Insider Buying and Selling at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at approximately $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

SHW has been the topic of several recent research reports. Royal Bank of Canada decreased their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley decreased their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Tuesday. Barclays increased their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Zelman & Associates raised Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $400.65.

About Sherwin-Williams

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.