Sherwin-Williams Co (SHW) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $4.06 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $4.16. The company posted revenue of $3219.53 million in the period, compared to analysts expectations of $3283.57 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.70 EPS.
Many Wall Street Analysts have commented on Sherwin-Williams Co. Seaport Global Securities Downgraded Sherwin-Williams Co on Jul 11, 2016 to ” Neutral”, Price Target of the shares are set at $320.
Sherwin-Williams Co opened for trading at $310 and hit $312.48 on the upside on Wednesday, eventually ending the session at $312.1, with a gain of 1.00% or 3.1 points. The heightened volatility saw the trading volume jump to 9,54,875 shares. Company has a market cap of $28,868 M.
In a different news, on May 17, 2016, David B Sewell (President, Global Finishes Grp) sold 4,598 shares at $297.39 per share price. According to the SEC, on May 17, 2016, Sean P Hennessy (SVP-Finance & CFO) sold 20,353 shares at $294.88 per share price. On May 11, 2016, Allen J Mistysyn (SVP-Corporate Controller) sold 3,353 shares at $291.58 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.