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MarketScreener Homepage  >  Equities  >  Nyse  >  The Sherwin-Williams Company    SHW

THE SHERWIN-WILLIAMS COMPANY

(SHW)
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Sherwin Williams : Explores Options for New R&D Facility, Headquarters

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09/12/2019 | 08:37am EDT

By Colin Kellaher

Sherwin-Williams Co. (SHW) on Thursday said it is exploring options for a new research-and-development facility and a new global headquarters, a process that could see the paint maker leave its long-time home in Cleveland.

Sherwin-Williams said it will consider multiple potential sites, including locations in Cleveland, northeast Ohio and several other states, adding that any move wouldn't occur until 2023 at the earliest.

Sherwin-Williams was founded in Cleveland in 1866 and has occupied its current headquarters building in the city since 1930.

"The company's significant growth and global expansion over the last several decades has resulted in a less than optimal configuration of headquarters, offices and R&D facilities across multiple locations," said John Morikis, the company's chairman and chief executive.

Sherwin-Williams said it is exploring options that will help accelerate productivity and efficiency while reducing maintenance costs.

Write to Colin Kellaher at colin.kellaher@wsj.com

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Financials (USD)
Sales 2019 18 026 M
EBIT 2019 2 792 M
Net income 2019 1 655 M
Debt 2019 8 485 M
Yield 2019 0,81%
P/E ratio 2019 30,8x
P/E ratio 2020 24,5x
EV / Sales2019 3,21x
EV / Sales2020 3,02x
Capitalization 49 347 M
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Technical analysis trends THE SHERWIN-WILLIAMS COMPA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 534,73  $
Last Close Price 537,52  $
Spread / Highest target 12,4%
Spread / Average Target -0,52%
Spread / Lowest Target -38,6%
EPS Revisions
Managers
NameTitle
John George Morikis Chairman, President & Chief Executive Officer
Allen Joseph Mistysyn Chief Financial Officer & Senior VP-Finance
Susan J. Kropf Independent Director
David F. Hodnik Independent Director
Arthur F. Anton Independent Director
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