Sherwin-Williams Co (SHW) was Reiterated by UBS to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 305 from a previous price target of $290 . UBS advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on Sherwin-Williams Co. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 340 from a previous price target of $337 .Sherwin-Williams Co was Resumed by Credit Suisse to “Outperform” on Mar 22, 2016. Company shares were Reiterated by UBS on Mar 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 290 from a previous price target of $270 .
On the company’s financial health, Sherwin-Williams Co reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.62. The company had revenue of $2574.00 million for the quarter, compared to analysts expectations of $2480.02 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 EPS.
Sherwin-Williams Co closed down -2.65 points or -0.88% at $297.37 with 18,44,677 shares getting traded on Wednesday. Post opening the session at $303, the shares hit an intraday low of $292.63 and an intraday high of $309 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 10, 2015, Robert J Davisson (President, The Americas Group) sold 3,500 shares at $272.52 per share price. According to the SEC, on Nov 24, 2015, Thomas E Hopkins (SVP-Human Resources) sold 2,916 shares at $277.07 per share price. On Nov 24, 2015, David B Sewell (President, Global Finishes Grp) sold 2,863 shares at $275.51 per share price, according to the Form-4 filing with the securities and exchange commission.
The Sherwin-Williams Company is engaged in the development manufacture distribution and sale of paint coatings and related products. The Companys segments include Paint Stores Group Consumer Group Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings protective and marine products original equipment manufacturer (OEM) product finishes and related items. The Consumer Group develops manufactures and distributes a range of paint coatings and related products to third party customers. The Global Finishes Group develops licenses manufactures distributes and sells a range of protective and marine products automotive finishes and refinished products and OEM product finishes among others. The Latin America Coatings Group develops licenses manufactures distributes and sells a range of architectural paint and coatings protective and marine products and OEM product finishes among others.