Before Friday’s opening bell, paint company Sherwin-Williams (SHW) reported that it has updated its outlook for FY2014 and FY2015.
Inside the Update
Shares of Sherwin-Williams fell after it updated its outlook. For FY2014, the company now expects to see earnings between $8.75 and $8.80 per share, which would fall below analysts’ estimate of $8.81 per share. Sales are expected to grow by 9%.
For FY2015, the company expects to see earnings between $10.65 and $10.85 per share, which would fall below analysts’ view of $10.87 per share. The company expects to see sales growth between 7% and 11%.
Mutual Funds to Watch
Investors seeking exposure to SHW could also consider a mutual fund investment as an alternative to investing directly in the stock. The funds below currently have the largest stakes in the company.
Symbol |
Mutual Fund |
Stake |
PRGFX
|
T. Rowe Price Growth Stock
|
2.52%
|
{% mutualfund TRBCX %}
|
T. Rowe Price Blue Chip Growth
|
2.05%
|
{% mutualfund FCNTX %}
|
Fidelity® Contrafund®
|
1.59%
|
The Bottom Line
The funds above are a great way for investors to gain exposure to
SHW while remaining diversified. Investors interested in
SHW may also be interested in
PPG Industries (
PPG) and Valspar (
VAL).
Shares of SHW are up 38% YTD.