More from Dividend.com
Referenced Stocks

Nomura Stays Bullish on Sherwin-Williams; Strong Brand Controlling Distribution (SHW)

By Dividend.com,  June 21, 2012, 09:58:46 AM EDT

Paint and coatings maker Sherwin-Williams Company ( SHW ) on Thursday caught some continued bullish sentiment from analysts at Nomura Securities.

The firm reiterated its "Buy" rating and $160 price target on SHW, which suggests a nearly 23% upside to the stock's Wednesday closing price of $130.51.

A Nomura analyst commented, "We see Sherwin-Williams more as a brand than an industrials company. At its recent Analyst Day presentation, there were 20 instances SHW used the term 'control' to refer to distribution. Control creates consistency, and consistency is required to sustain a brand. Not everything is in SHW's control. The company has seen plenty of macro pressures in recent years. While Q1 benefited from strong demand and favorable weather, we believe strong trends have persisted into Q2. We feel comfortable with our +15% same-store-sales forecast and our above-Street estimates. F12E/F13E EPS of $7.00/$8.85 vs the Street at $6.22/$7.40."

Sherwin-Williams shares fell 73 cents, or -0.6%, in Thursday morning trading.

The Bottom Line
Shares of Sherwin-Williams ( SHW ) have a 1.20% dividend yield, based on last night's closing stock price of $130.51. The stock has technical support in the $120-$124 price area. The shares are trading near all-time highs.

Sherwin-Williams Company ( SHW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: SHW



Latest News Video



Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%