Sherwin-Williams: S&P Intraday Gainer

NEW YORK (TheStreet) -- Sherwin-Williams(SHW) was the best-performing stock in the S&P 500 on Monday morning.

The S&P was down 17.97 points, or 1.29%, to 1,380.11.

Shares of Sherwin-Williams rose 1.48% to $112.41. The paint company raised its first-quarter earnings guidance to between 92 cents and 95 cents a share from previous estimates of between 56 cents and 74 cents.

Sherwin-Williams said its paint stores saw an increase of 20% in net sales amid some price increases.

Sherwin-Williams has an estimated price-to-earnings ratio for next year of 16.41 times; the average for building materials and fixtures firms is 26.73. For comparison, Valspar(VAL) has a lower forward P/E of 14.25.

Ten of the 16 analysts who cover Sherwin-Williams rated it hold. Three analysts gave the stock a buy rating and another three rated it sell.

TheStreet Ratings gives Sherwin-Williams a B- grade with a buy rating and $129.07 price target. The stock has risen 25.94% year to date.