The Sherwin-Williams Company (SHW) to Issue Quarterly Dividend of $0.72 on December 6th

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Wednesday, October 16th,RTT News reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.715 per share by the specialty chemicals company on Friday, December 6th. This represents a $2.86 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, November 15th.

Sherwin-Williams has raised its dividend by an average of 10.6% per year 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. Equities research analysts expect Sherwin-Williams to earn $12.72 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 22.5%.

Sherwin-Williams Stock Performance

Shares of SHW opened at $383.67 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. Sherwin-Williams has a one year low of $252.75 and a one year high of $392.57. The company’s fifty day moving average price is $374.60 and its 200 day moving average price is $339.99. The company has a market capitalization of $96.63 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 3.14 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The business had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the business earned $3.20 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts expect that Sherwin-Williams will post 11.32 earnings per share for the current year.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SHW. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Evercore ISI raised their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Citigroup reduced their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $396.47.

Sherwin-Williams Company Profile

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.