The Sherwin-Williams Company (NYSE:SHW – Get Rating) declared a quarterly dividend on Wednesday, April 20th, RTT News reports. Investors of record on Friday, May 20th will be given a dividend of 0.60 per share by the specialty chemicals company on Friday, June 3rd. This represents a $2.40 annualized dividend and a dividend yield of 0.95%.
Sherwin-Williams has a payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sherwin-Williams to earn $11.21 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 21.4%.
Shares of SHW traded up $6.92 during trading hours on Wednesday, hitting $253.09. The stock had a trading volume of 1,704,795 shares, compared to its average volume of 1,617,376. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.55 and a current ratio of 0.88. The firm has a 50-day moving average price of $255.58 and a 200 day moving average price of $296.21. Sherwin-Williams has a fifty-two week low of $233.32 and a fifty-two week high of $354.15. The firm has a market capitalization of $65.94 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.07 and a beta of 1.15.
Several equities research analysts recently commented on the stock. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $360.00 to $332.00 and set an “outperform” rating for the company in a report on Wednesday, January 19th. Wells Fargo & Company cut their price target on shares of Sherwin-Williams from $315.00 to $275.00 and set an “equal weight” rating for the company in a report on Monday. Jefferies Financial Group cut their price target on shares of Sherwin-Williams from $320.00 to $275.00 and set a “hold” rating for the company in a report on Wednesday, March 9th. UBS Group boosted their price target on shares of Sherwin-Williams from $310.00 to $350.00 and gave the stock a “neutral” rating in a report on Tuesday, January 4th. Finally, Northcoast Research lowered shares of Sherwin-Williams from a “buy” rating to a “neutral” rating in a report on Tuesday, January 4th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $325.26.
In other news, CFO Allen J. Mistysyn bought 1,000 shares of Sherwin-Williams stock in a transaction that occurred on Thursday, February 24th. The shares were purchased at an average price of $253.91 per share, with a total value of $253,910.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John G. Morikis bought 2,000 shares of Sherwin-Williams stock in a transaction that occurred on Friday, February 25th. The stock was purchased at an average cost of $259.55 per share, for a total transaction of $519,100.00. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Zullo Investment Group Inc. acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $134,000. Bank Julius Baer & Co. Ltd Zurich increased its stake in Sherwin-Williams by 27.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 477 shares of the specialty chemicals company’s stock valued at $168,000 after purchasing an additional 102 shares during the last quarter. Zacks Investment Management purchased a new position in Sherwin-Williams in the fourth quarter valued at approximately $223,000. Belpointe Asset Management LLC increased its stake in Sherwin-Williams by 16.8% in the fourth quarter. Belpointe Asset Management LLC now owns 777 shares of the specialty chemicals company’s stock valued at $274,000 after purchasing an additional 112 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in Sherwin-Williams in the fourth quarter valued at approximately $282,000. 76.74% of the stock is currently owned by hedge funds and other institutional investors.
Sherwin-Williams Company Profile (Get Rating)
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.
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