The Sherwin-Williams Company Plans Quarterly Dividend of $0.72 (NYSE:SHW)

The Sherwin-Williams Company (NYSE:SHW) declared a quarterly dividend on Wednesday, October 16th,RTT News reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.715 per share by the specialty chemicals company on Friday, December 6th. This represents a $2.86 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, November 15th.

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% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 0.9 %

NYSE:SHW opened at $387.29 on Thursday. Sherwin-Williams has a 1-year low of $258.52 and a 1-year high of $392.57. The business’s 50-day moving average price is $375.00 and its two-hundred day moving average price is $340.53. The company has a current ratio of 0.83, a quick ratio of 0.51 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $97.54 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 3.09 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 for the quarter, missing the consensus estimate of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the company posted $3.20 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts expect that Sherwin-Williams will post 11.32 earnings per share for the current year.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

SHW has been the topic of a number of research analyst reports. Barclays raised their price target on Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price target on Sherwin-Williams from $392.00 to $415.00 and gave the stock a “buy” rating in a research report on Monday, August 26th. Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, Citigroup dropped their price target on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One equities 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $396.47.

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.