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.
|PRGFX||T. Rowe Price Growth Stock||2.52%|
|TRBCX||T. Rowe Price Blue Chip Growth||2.05%|
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.