Sherwin-Williams Co (SHW) is Initiated by Wells Fargo to Market Perform

Sherwin-Williams Co (SHW) was Initiated by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Sep 29, 2016.

Many Wall Street Analysts have commented on Sherwin-Williams Co. Sherwin-Williams Co was Upgraded by CLSA to ” Buy” on Jul 22, 2016. Seaport Global Securities Downgraded Sherwin-Williams Co on Jul 11, 2016 to ” Neutral”, Price Target of the shares are set at $320.

On the company’s financial health, Sherwin-Williams Co reported $4.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $4.16. The company had revenue of $3219.53 million for the quarter, 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.

Sherwin-Williams Co opened for trading at $279.84 and hit $282.76 on the upside on Tuesday, eventually ending the session at $282.38, with a gain of 0.74% or 2.07 points. The heightened volatility saw the trading volume jump to 4,30,213 shares. Company has a market cap of $26,042 M.

In a different news, on Aug 9, 2016, Joel D. Baxter (Pres. & GM, Glob. Supply Chain) sold 3,853 shares at $300.16 per share price. According to the SEC, on Aug 2, 2016, John G Morikis (President & CEO) sold 30,353 shares at $298.10 per share price. On May 17, 2016, David B Sewell (President, Global Finishes Grp) sold 4,598 shares at $297.39 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 Company’s 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.

Sherwin-Williams Co

Leave a Reply

Sherwin-Williams Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Sherwin-Williams Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.