Barclays Sticks to Their Hold Rating for Sherwin-Williams Company (SHW)

In a report issued on August 1, Michael Leithead from Barclays maintained a Hold rating on Sherwin-Williams Company (SHWResearch Report), with a price target of $270.00. The company’s shares closed last Tuesday at $243.61.

According to, Leithead is a 3-star analyst with an average return of 4.1% and a 50.5% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Ardagh Metal Packaging, and Axalta Coating Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sherwin-Williams Company with a $277.88 average price target, representing a 13.8% upside. In a report issued on July 18, Wells Fargo also maintained a Hold rating on the stock with a $270.00 price target.

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Based on Sherwin-Williams Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.87 billion and net profit of $578 million. In comparison, last year the company earned revenue of $5.38 billion and had a net profit of $649 million.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHW in relation to earlier this year.

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Founded in 1866, Ohio-based The Sherwin-Williams Co. manufactures and sells paints, coatings and related products to professional, industrial, commercial, and retail customers. It operates through three segments including, The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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