Sherwin-Williams Co (NYSE:SHW) declared a quarterly dividend on Tuesday, October 16th, RTT News reports. Shareholders of record on Friday, November 16th will be given a dividend of 0.86 per share by the specialty chemicals company on Friday, December 7th. This represents a $3.44 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, November 15th.
Sherwin-Williams has raised its dividend by an average of 15.6% annually over the last three years and has raised its dividend annually for the last 39 consecutive years. Sherwin-Williams has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sherwin-Williams to earn $21.97 per share next year, which means the company should continue to be able to cover its $3.44 annual dividend with an expected future payout ratio of 15.7%.
NYSE SHW opened at $414.84 on Friday. Sherwin-Williams has a 52 week low of $355.28 and a 52 week high of $479.64. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $38.83 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.70 and a beta of 1.34.
Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, October 25th. The specialty chemicals company reported $5.68 EPS for the quarter, missing the consensus estimate of $5.71 by ($0.03). Sherwin-Williams had a return on equity of 45.22% and a net margin of 10.92%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.78 billion. As a group, equities analysts expect that Sherwin-Williams will post 19.12 earnings per share for the current year.
Several research analysts have commented on SHW shares. Morgan Stanley upped their target price on shares of Sherwin-Williams from $425.00 to $455.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 17th. Royal Bank of Canada restated a “buy” rating and issued a $485.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 25th. Jefferies Financial Group restated a “hold” rating and issued a $465.00 target price on shares of Sherwin-Williams in a research report on Wednesday, July 25th. Credit Suisse Group increased their price objective on shares of Sherwin-Williams from $457.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, July 25th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $450.00 price objective (up from $410.00) on shares of Sherwin-Williams in a report on Wednesday, July 25th. Ten investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Sherwin-Williams has an average rating of “Buy” and an average price target of $467.40.
In related news, SVP Thomas P. Gilligan sold 5,080 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $458.04, for a total transaction of $2,326,843.20. Following the completion of the sale, the senior vice president now directly owns 7,043 shares in the company, valued at $3,225,975.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John M. Stropki bought 675 shares of Sherwin-Williams stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average price of $375.00 per share, with a total value of $253,125.00. The disclosure for this purchase can be found here. Company insiders own 0.78% of the company’s stock.
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The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.
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