We scoured the nation to identify the best stock in every state. Sherwin-Williams (symbol SHW) is the publicly traded company we picked in Ohio. The company headquarters is located in Cleveland.
A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.
Sherwin-Williams by the Numbers
- Headquarters: Cleveland
- Share price: $354.75
- Market value: $33.0 billion
- Price-earnings ratio: 23
(Prices and data are as of June 22, 2017)
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Shares of paint giant Sherwin-Williams have been on a tear, but they could still climb higher.
The company agreed in March to buy fellow paint company Valspar for $113 per share. CFRA analyst Christopher Muir expects the deal to meet regulatory approval and close in August, and he believes the combined company will be able to achieve $320 million in annual savings within the next four years. The merger will drive earnings growth, says Dmitry Silversteyn, an analyst at investment research firm Longbow Research. Moreover, the combined company should be able to use its prodigious free cash flow to pay down debt while still accelerating growth of its dividend. Long-term demographic trends lend rosy growth prospects to the company, as expected strong housing starts, driven by millennials buying their first homes in coming years, should support paint sales. Silversteyn rates the stock a “buy” with a 12-month price target of $400.
-
Stock Market Today: Stocks Rally Despite Rising Geopolitical TensionThe main indexes were mixed on Tuesday but closed well off their lows after an early flight to safety.
-
What's at Stake for Alphabet as DOJ Eyes Google's ChromeAlphabet is higher Tuesday even as antitrust officials at the DOJ support forcing Google to sell its popular web browser. Here's what you need to know.
-
Why Is Warren Buffett Selling So Much Stock?Berkshire Hathaway is dumping equities, hoarding cash and making market participants nervous.
-
If You'd Put $1,000 Into Google Stock 20 Years Ago, Here's What You'd Have TodayGoogle parent Alphabet has been a market-beating machine for ages.
-
Stock Market Today: Stocks Retreat Ahead of Nvidia EarningsMarkets lost ground on light volume Wednesday as traders keyed on AI bellwether Nvidia earnings after the close.
-
Stock Market Today: Stocks Edge Higher With Nvidia Earnings in FocusNvidia stock gained ground ahead of tomorrow's after-the-close earnings event, while Super Micro Computer got hit by a short seller report.
-
Stock Market Today: Dow Hits New Record Closing HighThe Nasdaq Composite and S&P 500 finished in the red as semiconductor stocks struggled.
-
Stock Market Today: Stocks Pop After Powell's Jackson Hole SpeechFed Chair Powell's Jackson Hole speech struck a dovish tone which sent stocks soaring Friday.
-
Stock Market Today: Stocks Drop Ahead of Powell's Jackson Hole SpeechSentiment turned cautious ahead of Fed Chair Powell's highly anticipated speech Friday at the Jackson Hole Economic Symposium.
-
Stock Market Today: Stocks Rise After Jobs Data Lifts Rate-Cut OddsPreliminary data from the Bureau of Labor Statistics shows job growth was lower than previously estimated.
