Sherwin-Williams (SHW) Hits New 52-Week Low on Disappointing Earnings

Sherwin-Williams Co (NYSE:SHW)’s share price reached a new 52-week low during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $355.28 and last traded at $372.46, with a volume of 1475915 shares changing hands. The stock had previously closed at $387.90.

The specialty chemicals company reported $5.68 earnings per share for the quarter, missing analysts’ consensus estimates of $5.77 by ($0.09). Sherwin-Williams had a return on equity of 46.68% and a net margin of 10.84%.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, November 15th. Sherwin-Williams’s dividend payout ratio is currently 24.11%.



Several research analysts have recently weighed in on the company. Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Edward Jones initiated coverage on Sherwin-Williams in a research note on Tuesday, September 4th. They set a “hold” rating on the stock. Gabelli initiated coverage on Sherwin-Williams in a research note on Friday, September 21st. They set a “buy” rating and a $553.00 price objective on the stock. Finally, Citigroup lowered Sherwin-Williams from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $492.00 to $435.00 in a research note on Wednesday, October 10th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Sherwin-Williams has an average rating of “Buy” and an average target price of $471.44.

In other news, SVP Jane M. Cronin sold 858 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $443.16, for a total value of $380,231.28. Following the transaction, the senior vice president now owns 3,257 shares of the company’s stock, valued at approximately $1,443,372.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Thomas P. Gilligan sold 5,080 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $458.04, for a total value of $2,326,843.20. Following the completion of the transaction, the senior vice president now directly owns 7,043 shares in the company, valued at approximately $3,225,975.72. The disclosure for this sale can be found here. Insiders sold 10,301 shares of company stock worth $4,634,056 over the last quarter. 0.78% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in shares of Sherwin-Williams in the 3rd quarter worth approximately $112,000. Summit Trail Advisors LLC lifted its holdings in shares of Sherwin-Williams by 37,388.4% in the 1st quarter. Summit Trail Advisors LLC now owns 113,215 shares of the specialty chemicals company’s stock worth $113,000 after acquiring an additional 112,913 shares during the last quarter. Fort L.P. acquired a new position in shares of Sherwin-Williams in the 2nd quarter worth approximately $124,000. Valeo Financial Advisors LLC lifted its holdings in shares of Sherwin-Williams by 168.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 325 shares of the specialty chemicals company’s stock worth $142,000 after acquiring an additional 204 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in Sherwin-Williams by 10,109.0% during the second quarter. Moneta Group Investment Advisors LLC now owns 28,279 shares of the specialty chemicals company’s stock worth $161,000 after purchasing an additional 28,002 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

The company has a quick ratio of 0.75, a current ratio of 1.20 and a debt-to-equity ratio of 2.59. The company has a market capitalization of $37.70 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 1.63 and a beta of 1.24.

Sherwin-Williams Company Profile (NYSE:SHW)

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America, the Caribbean, Europe, Asia, and Australia. The company operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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