The Sherwin-Williams Company (SHW) To Go Ex-Dividend on August 16th

The Sherwin-Williams Company (NYSE:SHW) declared a quarterly dividend on Wednesday, July 17th, RTT News reports. Investors of record on Friday, August 16th will be paid a dividend of 0.715 per share by the specialty chemicals company on Friday, September 6th. This represents a $2.86 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, August 16th.

Sherwin-Williams has raised its dividend by an average of 10.6% annually over the last three years and has increased its dividend every year for the last 47 years. Sherwin-Williams has a payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Sherwin-Williams to earn $12.78 per share next year, which means the company should continue to be able to cover its $2.86 annual dividend with an expected future payout ratio of 22.4%.

Sherwin-Williams Stock Up 1.7 %

Shares of NYSE:SHW opened at $349.00 on Wednesday. The firm has a market capitalization of $88.04 billion, a P/E ratio of 37.21, a P/E/G ratio of 2.72 and a beta of 1.16. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The stock has a 50 day moving average price of $317.34 and a 200-day moving average price of $318.66. Sherwin-Williams has a 52-week low of $232.06 and a 52-week high of $356.69.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $3.29 earnings per share. As a group, equities research analysts anticipate that Sherwin-Williams will post 11.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SHW. Loop Capital lowered their target price on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. StockNews.com downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Wells Fargo & Company upped their price target on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. KeyCorp raised their price objective on shares of Sherwin-Williams from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird upped their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and an average price target of $355.00.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.