The Sherwin-Williams Company (NYSE:SHW) Shares Set to Pay Quarterly Dividend of $0.80

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.80 per share by the specialty chemicals company on Friday, December 4th. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 13th.

Sherwin-Williams has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 48 years. Sherwin-Williams has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sherwin-Williams to earn $13.65 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 23.4%.

Sherwin-Williams Stock Performance

Shares of NYSE SHW traded up $6.48 during midday trading on Thursday, hitting $343.75. 303,898 shares of the stock traded hands, compared to its average volume of 1,922,774. The firm has a market capitalization of $83.45 billion, a P/E ratio of 31.72, a PEG ratio of 2.62 and a beta of 1.08. Sherwin-Williams has a one year low of $289.86 and a one year high of $377.77. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The firm has a 50-day moving average of $331.84 and a two-hundred day moving average of $328.71.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.52 by $0.18. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. Sherwin-Williams’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, equities analysts forecast that Sherwin-Williams will post 12.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SHW shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Sherwin-Williams from $355.00 to $375.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Bank of America raised their price objective on shares of Sherwin-Williams from $369.00 to $383.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Jefferies Financial Group restated a “hold” rating and set a $375.00 target price (up from $360.00) on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Citigroup reduced their target price on shares of Sherwin-Williams from $415.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Finally, Rothschild & Co Redburn boosted their price target on Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $382.08.

Sherwin-Williams Company Profile

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.