What’s in Sherwin-Williams Co (SHW) After Forming Double Top Pattern?

September 17, 2017 - By Nellie Frank

Investors sentiment decreased to 0.95 in 2016 Q4. Its down 0.15, from 1.1 in 2016Q3. It dived, as 64 investors sold Sherwin-Williams Co shares while 237 reduced holdings. 86 funds opened positions while 200 raised stakes. 66.23 million shares or 0.25% less from 66.39 million shares in 2016Q3 were reported.
Pnc Finance Grp Inc holds 25,122 shares. Brinker Capital, a Pennsylvania-based fund reported 18,168 shares. Cim Lc holds 0.11% or 808 shares in its portfolio. Jennison Ltd Limited Liability Company holds 0% or 1,298 shares in its portfolio. Sandy Spring Savings Bank accumulated 133 shares. Elm Limited Liability stated it has 2,500 shares. Bnp Paribas Partners reported 18,615 shares. Chevy Chase Tru has 0.1% invested in Sherwin-Williams Co (NYSE:SHW) for 67,597 shares. Hsbc Public Limited Liability has 79,708 shares. Moreover, Trexquant Investment L P has 0.04% invested in Sherwin-Williams Co (NYSE:SHW). Etrade Ltd reported 0.11% stake. Barclays Pcl accumulated 0.01% or 25,644 shares. Sector Pension Board has invested 0.1% in Sherwin-Williams Co (NYSE:SHW). The Massachusetts-based Wilkins Counsel Incorporated has invested 0.08% in Sherwin-Williams Co (NYSE:SHW). Alliancebernstein Lp holds 0.05% in Sherwin-Williams Co (NYSE:SHW) or 208,383 shares.

Since May 3, 2017, it had 0 buys, and 4 insider sales for $8.18 million activity. 2,000 shares valued at $677,860 were sold by KROPF SUSAN J on Friday, May 5. $3.52 million worth of Sherwin-Williams Co (NYSE:SHW) was sold by Davisson Robert J. GILLIGAN THOMAS P also sold $2.15M worth of Sherwin-Williams Co (NYSE:SHW) shares.

The chart of Sherwin-Williams Co (SHW) shows a double top with $368.26 target or 8.00 % above today’s $340.98 share price. The 5 months chart pattern indicates low risk for the $31.85B company. It was reported on Sep, 17 by Finviz.com. If the $368.26 price target is reached, the company will be worth $2.55 billion more. Double tops are rare but powerful chart patterns.

The stock decreased 1.60% or $5.56 on September 15, reaching $340.98. About 960,495 shares traded or 59.08% up from the average. Sherwin-Williams Co (NYSE:SHW) has risen 15.27% since September 17, 2016 and is uptrending. It has underperformed by 1.43% the S&P500.

Analysts await Sherwin-Williams Co (NYSE:SHW) to report earnings on October, 24. They expect $4.99 EPS, up 17.97 % or $0.76 from last year’s $4.23 per share. SHW’s profit will be $466.10M for 17.08 P/E if the $4.99 EPS becomes a reality. After $4.52 actual EPS reported by Sherwin-Williams Co for the previous quarter, Wall Street now forecasts 10.40 % EPS growth.

Sherwin-Williams Co (NYSE:SHW) Ratings Coverage

Among 21 analysts covering Sherwin-Williams Company (NYSE:SHW), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Sherwin-Williams Company had 37 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Positive” rating on Monday, March 21 by Susquehanna. The firm earned “Equal Weight” rating on Monday, November 2 by Barclays Capital. The stock of Sherwin-Williams Co (NYSE:SHW) has “Buy” rating given on Wednesday, January 20 by Goldman Sachs. The firm earned “Buy” rating on Wednesday, March 16 by Longbow. The company was maintained on Wednesday, November 25 by RBC Capital Markets. RBC Capital Markets maintained Sherwin-Williams Co (NYSE:SHW) rating on Friday, October 30. RBC Capital Markets has “Outperform” rating and $285 target. As per Monday, October 10, the company rating was upgraded by Argus Research. The firm has “Neutral” rating given on Thursday, January 5 by Longbow. Argus Research initiated Sherwin-Williams Co (NYSE:SHW) on Wednesday, April 6 with “Hold” rating. The firm has “Overweight” rating by Atlantic Securities given on Tuesday, November 29.

More notable recent Sherwin-Williams Co (NYSE:SHW) news were published by: Seekingalpha.com which released: “Sherwin-Williams: A Dividend Aristocrat With Nearly 40 Consecutive Years Of …” on August 21, 2017, also Law360.com with their article: “Sherwin-Williams Pollution Made NJ Residents Sick, Suit Says” published on August 23, 2017, Nj.com published: “Cancer cluster was caused by paint company, lawsuit claims” on August 24, 2017. More interesting news about Sherwin-Williams Co (NYSE:SHW) were released by: Cleveland.com and their article: “Sherwin-Williams helped make Cleveland the paint capital of the world: PD 175” published on September 17, 2017 as well as Philly.com‘s news article titled: “Nine residents sue Sherwin-Williams over South Jersey Superfund sites” with publication date: August 25, 2017.

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