Sherwin-Williams Co. Reaches New 12-Month High at $195.00 (SHW)
Sherwin-Williams (NYSE:SHW) set a new 52-week high during mid-day trading on Friday, StockRatingsNetwork.com reports. The stock traded as high as $195.00 and last traded at $194.64, with a volume of 1,089,439 shares. The stock had previously closed at $187.00.
SHW has been the subject of a number of recent research reports. Analysts at Credit Suisse upgraded shares of Sherwin-Williams from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 23rd. They now have a $215.00 price target on the stock, up previously from $185.00. Analysts at Longbow Research upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 5th. They now have a $215.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $193.07.
Sherwin-Williams has a 1-year low of $138.36 and a 1-year high of $194.55. The stock has a 50-day moving average of $173.4 and a 200-day moving average of $176.. The company has a market cap of $19.832 billion and a P/E ratio of 28.92.
Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Friday, October 25th. The company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.05. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $2.24 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, November 13th.
The Sherwin-Williams Company (NYSE:SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.
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