News coverage about Sherwin-Williams (NYSE:SHW) has been trending positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sherwin-Williams earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news coverage about the specialty chemicals company an impact score of 46.5660087055899 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern’s rankings:
A number of equities analysts have commented on SHW shares. Robert W. Baird reissued a “buy” rating and set a $375.00 target price on shares of Sherwin-Williams in a report on Friday, September 1st. Morgan Stanley set a $425.00 target price on Sherwin-Williams and gave the company an “overweight” rating in a report on Wednesday, October 4th. KeyCorp reissued an “overweight” rating and set a $440.00 target price (up previously from $415.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Longbow Research reissued a “buy” rating and set a $440.00 target price (up previously from $400.00) on shares of Sherwin-Williams in a report on Monday, October 9th. Finally, Royal Bank Of Canada increased their target price on Sherwin-Williams from $390.00 to $423.00 and gave the company an “outperform” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $402.32.
Sherwin-Williams (NYSE SHW) traded up $2.38 during mid-day trading on Friday, reaching $408.85. The company’s stock had a trading volume of 550,370 shares, compared to its average volume of 629,563. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. The firm has a market capitalization of $37,516.85, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.24 and a beta of 1.22. Sherwin-Williams has a one year low of $265.14 and a one year high of $413.98.
Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.05. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The firm’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.23 earnings per share. analysts predict that Sherwin-Williams will post 15.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.83%. Sherwin-Williams’s dividend payout ratio (DPR) is 29.90%.
In other Sherwin-Williams news, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the completion of the sale, the senior vice president now owns 18,363 shares of the company’s stock, valued at $7,512,486.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joel D. Baxter sold 2,376 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is owned by insiders.
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Sherwin-Williams Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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