Seaport Res Ptn Comments on The Sherwin-Williams Company’s Q4 2022 Earnings (NYSE:SHW)

The Sherwin-Williams Company (NYSE:SHWGet Rating) – Research analysts at Seaport Res Ptn decreased their Q4 2022 earnings per share (EPS) estimates for shares of Sherwin-Williams in a note issued to investors on Wednesday, January 18th. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will earn $1.82 per share for the quarter, down from their previous forecast of $1.91. Seaport Res Ptn has a “Buy” rating on the stock. The consensus estimate for Sherwin-Williams’ current full-year earnings is $8.71 per share. Seaport Res Ptn also issued estimates for Sherwin-Williams’ Q1 2023 earnings at $1.99 EPS, Q4 2023 earnings at $2.15 EPS and FY2024 earnings at $12.18 EPS.

A number of other research firms also recently weighed in on SHW. UBS Group lifted their price target on Sherwin-Williams from $242.00 to $255.00 and gave the company a “neutral” rating in a research note on Wednesday, January 11th. Credit Suisse Group cut their price target on Sherwin-Williams to $210.00 in a report on Thursday, October 27th. KeyCorp cut their price target on Sherwin-Williams from $290.00 to $265.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Robert W. Baird cut their price target on Sherwin-Williams from $325.00 to $275.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, BMO Capital Markets boosted their price target on Sherwin-Williams from $244.00 to $251.00 and gave the stock a “market perform” rating in a report on Thursday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $266.22.

Sherwin-Williams Trading Down 4.1 %

Shares of SHW stock opened at $234.34 on Thursday. The business’s 50 day moving average is $243.61 and its two-hundred day moving average is $234.81. Sherwin-Williams has a twelve month low of $195.24 and a twelve month high of $307.57. The company has a market capitalization of $60.73 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 1.93 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 0.59 and a debt-to-equity ratio of 3.69.

Sherwin-Williams (NYSE:SHWGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The specialty chemicals company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.23. Sherwin-Williams had a return on equity of 90.50% and a net margin of 8.94%. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.78 billion. During the same quarter last year, the company earned $2.09 EPS. Sherwin-Williams’s revenue for the quarter was up 17.5% compared to the same quarter last year.

Institutional Investors Weigh In On Sherwin-Williams

A number of institutional investors have recently added to or reduced their stakes in SHW. Price T Rowe Associates Inc. MD lifted its stake in Sherwin-Williams by 115.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,250,997 shares of the specialty chemicals company’s stock worth $2,295,301,000 after purchasing an additional 5,499,972 shares during the period. Clearbridge Investments LLC lifted its stake in Sherwin-Williams by 655.3% during the second quarter. Clearbridge Investments LLC now owns 2,143,815 shares of the specialty chemicals company’s stock worth $480,022,000 after purchasing an additional 1,859,981 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Sherwin-Williams by 775.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 509,706 shares of the specialty chemicals company’s stock worth $127,233,000 after purchasing an additional 451,493 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in Sherwin-Williams by 99.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 859,123 shares of the specialty chemicals company’s stock worth $175,905,000 after purchasing an additional 427,561 shares during the period. Finally, Two Sigma Investments LP lifted its stake in Sherwin-Williams by 523.4% during the third quarter. Two Sigma Investments LP now owns 485,483 shares of the specialty chemicals company’s stock worth $99,403,000 after purchasing an additional 407,609 shares during the period. 76.03% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Company Profile

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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.

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Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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