Citigroup Keeps a Buy Rating on Sherwin-Williams Company (SHW)

In a report released today, PJ Juvekar from Citigroup maintained a Buy rating on Sherwin-Williams Company (SHWResearch Report), with a price target of $631.00. The company’s shares closed last Monday at $549.21, close to its 52-week high of $554.08.

According to, Juvekar is a 3-star analyst with an average return of 4.3% and a 41.0% success rate. Juvekar covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and DuPont de Nemours, Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sherwin-Williams Company with a $553.36 average 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 net profit of $471 million. In comparison, last year the company had a net profit of $354 million.

Based on the recent corporate insider activity of 74 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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The Sherwin-Williams Co. engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering.