Paint and coatings maker Sherwin-Williams Company (SHW) on Monday caught some positive sentiment from analysts at Goldman Sachs.

The firm maintained its “Neutral” rating on SHW but lifted its price target from $103 to $117. That new target implies a flat upside to the stock’s Friday closing price of $116.62.

A Goldman analyst commented, “Last week SHW pre-announced 1Q2012 EPS of $0.92-$0.95 vs. prior guidance of $0.56-$0.74 and consensus estimate of $0.72. SHW indicated that the outperformance of its guidance was due primarily to strong sales and operating results of the Paint Stores Group, where sales grew by approximately 20% YoY.”

Sherwin-Williams shares rose $1.02, or +0.9%, in premarket trading Monday.

The Bottom Line
Shares of Sherwin-Williams (SHW) have a 1.34% dividend yield, based on Friday’s closing stock price of $116.62. The stock has technical support in the $108-$110 price area. The shares are trading at all-time highs.

Sherwin-Williams Company (SHW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.