The Sherwin-Williams Company (NYSE:SHW) Announces $0.80 Quarterly Dividend

The Sherwin-Williams Company (NYSE:SHW) declared a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.80 per share by the specialty chemicals company on Friday, June 5th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 22nd.

Sherwin-Williams has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 48 consecutive years. Sherwin-Williams has a dividend payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sherwin-Williams to earn $13.42 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 23.8%.

Sherwin-Williams Stock Up 0.0%

NYSE SHW opened at $334.74 on Thursday. The business has a fifty day moving average price of $335.79 and a two-hundred day moving average price of $338.31. The stock has a market capitalization of $82.80 billion, a PE ratio of 32.59, a PEG ratio of 2.91 and a beta of 1.27. Sherwin-Williams has a fifty-two week low of $301.58 and a fifty-two week high of $379.65. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.53.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the company posted $2.09 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts expect that Sherwin-Williams will post 11.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 target price for the company. in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sherwin-Williams in a research report on Friday, March 27th. UBS Group cut their target price on shares of Sherwin-Williams from $420.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Royal Bank Of Canada decreased their target price on shares of Sherwin-Williams from $390.00 to $376.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Finally, Mizuho lowered their price target on shares of Sherwin-Williams from $410.00 to $371.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $379.08.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.