Sherwin-Williams Co (SHW) is Upgraded by Argus to Buy

Sherwin-Williams Co (SHW) was Upgraded by Argus to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Argus advised their investors in a research report released on Oct 10, 2016.

Many Wall Street Analysts have commented on Sherwin-Williams Co. Sherwin-Williams Co was Initiated by Wells Fargo to “Market Perform” on Sep 29, 2016. Sherwin-Williams Co was Upgraded by CLSA to ” Buy” on Jul 22, 2016.

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 closed down -5.33 points or -1.94% at $268.74 with 23,40,734 shares getting traded on Friday. Post opening the session at $271.18, the shares hit an intraday low of $261.39 and an intraday high of $271.18 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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

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