Sherwin-Williams Company (The) (NYSE:SHW) declared a quarterly dividend on Wednesday, October 18th, RTT News reports. Investors of record on Friday, November 17th will be paid a dividend of 0.85 per share by the specialty chemicals company on Friday, December 8th. This represents a $3.40 annualized dividend and a yield of 0.89%.
Sherwin-Williams Company (The) has raised its dividend by an average of 18.9% annually over the last three years and has raised its dividend annually for the last 38 consecutive years. Sherwin-Williams Company (The) has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sherwin-Williams Company (The) to earn $18.04 per share next year, which means the company should continue to be able to cover its $3.40 annual dividend with an expected future payout ratio of 18.8%.
Shares of Sherwin-Williams Company (NYSE:SHW) traded up 0.37% during trading on Wednesday, reaching $384.09. 453,558 shares of the company traded hands. The firm has a market capitalization of $35.66 billion, a PE ratio of 31.66 and a beta of 1.22. The firm has a 50-day moving average price of $355.37 and a 200-day moving average price of $342.12. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $387.17.
Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the consensus estimate of $4.54 by ($0.02). The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.06 earnings per share. Equities research analysts anticipate that Sherwin-Williams Company will post $14.73 EPS for the current year.
Several research firms recently commented on SHW. Zelman & Associates upgraded shares of Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating in a report on Wednesday. UBS AG restated a “neutral” rating and set a $375.00 price target (up from $359.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 26th. Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price target for the company in a report on Sunday, July 23rd. Northcoast Research restated a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Finally, BidaskClub cut shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $392.49.
About Sherwin-Williams Company (The)
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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