Housing blues may hit Sherwin-Williams - Barron's

NEW YORK, April 12 (Reuters) - Shares of paint maker Sherwin-Williams Co (SHW.N) have fallen just 1 percent in the past 12 months, while those of homebuilders, wallboard makers and carpet makers have tumbled, making the company's shares ripe for a sell-off, Barron's said.

The paint company has seen a sharp drop in sales of its pricier brands, such as Sherwin-Williams, Dutch Boy and Pratt & Lambert, Barron's said in its April 13 edition.

Shares are trading at about 15 times Wall Street's average estimate of 2009 earnings estimate of $3.54, while peers such as PPG Industries Inc (PPG.N) and RPM International Inc(RPM.N), trade at around 12, Barron's said.

Michael Souers, Standard & Poor's analyst, has a "sell" rating on the stock and a 12-month share price target of $44. He sees several more quarters at risk from a macro-economic standpoint and no strong catalysts to drive up shares, Barron's said.

Sherwin-Williams shares closed at $53.55 on Thursday on the New York Stock Exchange before the Good Friday holiday.

(Reporting by Ilaina Jonas; Editing Bernard Orr)