Sherwin-Williams Co (NYSE:SHW) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $14.05-14.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.76. Sherwin-Williams also updated its Q2 guidance to $4.40-4.60 EPS.

Shares of Sherwin-Williams Co (NYSE:SHW) opened at 311.54 on Thursday. The company has a market cap of $28.82 billion, a PE ratio of 25.98 and a beta of 1.00. The stock’s 50 day moving average price is $311.04 and its 200 day moving average price is $285.89. Sherwin-Williams Co has a one year low of $239.48 and a one year high of $316.66.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, April 20th. The specialty chemicals company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. Sherwin-Williams had a return on equity of 82.20% and a net margin of 9.40%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the company posted $1.81 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Sherwin-Williams Co will post $13.71 earnings per share for the current fiscal year.

Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.09%. Sherwin-Williams’s dividend payout ratio is 28.50%.

A number of research analysts have recently issued reports on the company. KeyCorp raised Sherwin-Williams from a sector weight rating to an overweight rating and set a $375.00 price objective on the stock in a research note on Tuesday, April 4th. Royal Bank of Canada reissued a buy rating and issued a $350.00 price objective on shares of Sherwin-Williams in a research note on Tuesday, March 28th. Zacks Investment Research raised Sherwin-Williams from a hold rating to a buy rating and set a $347.00 price objective on the stock in a research note on Tuesday, March 28th. Morgan Stanley set a $335.00 price objective on Sherwin-Williams and gave the company a buy rating in a research note on Tuesday, February 7th. Finally, Credit Suisse Group AG set a $325.00 price objective on Sherwin-Williams and gave the company a buy rating in a research note on Friday, January 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $333.70.

In other news, SVP Robert J. Wells sold 4,353 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $311.21, for a total value of $1,354,697.13. Following the completion of the transaction, the senior vice president now directly owns 23,158 shares of the company’s stock, valued at $7,207,001.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Allen J. Mistysyn sold 830 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $305.76, for a total value of $253,780.80. The disclosure for this sale can be found here. Insiders have sold a total of 130,788 shares of company stock valued at $39,898,020 over the last three months. Corporate insiders own 1.89% of the company’s stock.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

5 Day Chart for NYSE:SHW

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