Brokerage firm CLSA Upgrades its rating on Sherwin-Williams Co(NYSE:SHW). The shares have been rated Buy. Previously, the analysts had a Outperform rating on the shares. The rating by CLSA was issued on Jul 22, 2016.
In a different note, On Jul 11, 2016, Seaport Global said it Downgrades its rating on Sherwin-Williams Co. The shares have been rated ‘Neutral’ by the firm.
Sherwin-Williams Co (SHW) made into the market gainers list on Thursdays trading session with the shares advancing 1.91% or 5.59 points. Due to strong positive momentum, the stock ended at $297.89, which is also near the day’s high of $298.25. The stock began the session at $292.3 and the volume stood at 6,11,460 shares. The 52-week high of the shares is $312.48 and the 52 week low is $218.27. The company has a current market capitalization of $27,553 M and it has 9,24,95,113 shares in outstanding.
Sherwin-Williams Co has also declared a cash dividend of $0.8400 on Jul 20, 2016. The shares will quote ex-dividend on Aug 17, 2016 and the record date has been fixed on Aug 19, 2016. The dividend payable date has been fixed on Sep 9, 2016.
Sherwin-Williams Co(SHW) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.22B. Analysts had an estimated revenue of $4.15. Earnings per share were $4.06. Analysts had estimated an EPS of $4.15.
Several Insider Transactions has been reported to the SEC. On May 17, 2016, David B Sewell (President, Global Finishes Grp) sold 4,598 shares at $297.39 per share price.Also, 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.