Sherwin-Williams Co (SHW) Plans Dividend Increase – $0.86 Per Share

Sherwin-Williams Co (NYSE:SHW) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Stockholders of record on Monday, February 26th will be paid a dividend of 0.86 per share by the specialty chemicals company on Friday, March 9th. This represents a $3.44 annualized dividend and a dividend yield of 0.85%. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85.

Sherwin-Williams has raised its dividend payment by an average of 15.6% per year over the last three years and has increased its dividend every year for the last 39 years. Sherwin-Williams has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sherwin-Williams to earn $21.75 per share next year, which means the company should continue to be able to cover its $3.40 annual dividend with an expected future payout ratio of 15.6%.

Shares of Sherwin-Williams (SHW) traded down $1.02 on Wednesday, hitting $404.74. The stock had a trading volume of 308,565 shares, compared to its average volume of 696,951. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 2.68. The stock has a market cap of $37,940.00, a PE ratio of 21.20, a PEG ratio of 1.82 and a beta of 1.17. Sherwin-Williams has a fifty-two week low of $305.70 and a fifty-two week high of $435.15.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.18 by ($0.23). The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The business’s quarterly revenue was up 43.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.15 EPS. research analysts forecast that Sherwin-Williams will post 19.1 EPS for the current fiscal year.

SHW has been the subject of several recent research reports. Zelman & Associates upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Wells Fargo & Co reiterated a “market perform” rating and issued a $400.00 price objective (up previously from $360.00) on shares of Sherwin-Williams in a research note on Wednesday, October 25th. UBS Group lifted their price objective on Sherwin-Williams from $375.00 to $395.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Citigroup boosted their target price on Sherwin-Williams from $405.00 to $442.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird restated a “buy” rating and set a $425.00 target price on shares of Sherwin-Williams in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $436.20.

In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of Sherwin-Williams stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the transaction, the insider now owns 3,302 shares of the company’s stock, valued at $1,285,336.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert J. Davisson sold 1,000 shares of Sherwin-Williams stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $407.11, for a total value of $407,110.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,122 shares of company stock worth $5,969,846. 1.69% of the stock is currently owned by corporate insiders.

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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.

Dividend History for Sherwin-Williams (NYSE:SHW)

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