The Sherwin-Williams Company (NYSE:SHW – Get Rating) – Equities researchers at Seaport Res Ptn dropped their Q1 2022 earnings per share estimates for Sherwin-Williams in a research report issued to clients and investors on Wednesday, April 20th. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will earn $1.51 per share for the quarter, down from their prior estimate of $1.52. Seaport Res Ptn has a “Neutral” rating on the stock. Seaport Res Ptn also issued estimates for Sherwin-Williams’ Q2 2022 earnings at $2.72 EPS, Q3 2022 earnings at $2.94 EPS, Q4 2022 earnings at $2.15 EPS, FY2022 earnings at $9.33 EPS and FY2023 earnings at $11.18 EPS.
Sherwin-Williams (NYSE:SHW – Get Rating) last released its quarterly earnings results on Thursday, January 27th. The specialty chemicals company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.76 billion. Sherwin-Williams had a net margin of 9.35% and a return on equity of 78.98%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share.
Shares of SHW opened at $253.09 on Thursday. The company has a 50 day moving average of $255.04 and a two-hundred day moving average of $295.91. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 3.52. Sherwin-Williams has a twelve month low of $233.32 and a twelve month high of $354.15. The company has a market cap of $65.94 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.15.
Several institutional investors have recently bought and sold shares of SHW. Norges Bank purchased a new position in Sherwin-Williams during the fourth quarter valued at $668,384,000. Capital International Investors lifted its stake in Sherwin-Williams by 97.3% in the 4th quarter. Capital International Investors now owns 3,375,591 shares of the specialty chemicals company’s stock valued at $1,188,688,000 after buying an additional 1,664,485 shares in the last quarter. Morgan Stanley boosted its holdings in Sherwin-Williams by 123.4% in the 2nd quarter. Morgan Stanley now owns 2,950,247 shares of the specialty chemicals company’s stock worth $803,794,000 after buying an additional 1,629,745 shares during the last quarter. EP Wealth Advisors LLC increased its stake in Sherwin-Williams by 42,179.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,076,000 shares of the specialty chemicals company’s stock worth $707,000 after buying an additional 1,073,455 shares in the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of Sherwin-Williams by 24.6% during the fourth quarter. Brown Advisory Inc. now owns 3,232,806 shares of the specialty chemicals company’s stock valued at $1,138,465,000 after acquiring an additional 639,285 shares during the last quarter. Institutional investors and hedge funds own 76.74% of the company’s stock.
In other news, CFO Allen J. Mistysyn purchased 1,000 shares of the stock in a transaction that occurred on Thursday, February 24th. The shares were purchased at an average cost of $253.91 per share, with a total value of $253,910.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John G. Morikis acquired 2,000 shares of the business’s stock in a transaction on Friday, February 25th. The stock was purchased at an average cost of $259.55 per share, with a total value of $519,100.00. The disclosure for this purchase can be found here. 0.48% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 20th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.95%. Sherwin-Williams’s dividend payout ratio (DPR) is presently 34.48%.
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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