The Sherwin-Williams Company (NYSE:SHW – Get Free Report) 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.
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.
Get Our Latest Stock Report on Sherwin-Williams
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.
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