Sherwin-Williams Co (NYSE:SHW) – Stock analysts at Northcoast Research increased their Q3 2020 earnings per share estimates for Sherwin-Williams in a research report issued on Wednesday, July 29th. Northcoast Research analyst K. Hocevar now anticipates that the specialty chemicals company will post earnings per share of $7.33 for the quarter, up from their previous forecast of $6.35. Northcoast Research also issued estimates for Sherwin-Williams’ Q4 2020 earnings at $4.74 EPS, FY2020 earnings at $23.25 EPS and FY2021 earnings at $26.00 EPS.
Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $7.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.69 by $1.41. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.55 billion. Sherwin-Williams had a net margin of 9.83% and a return on equity of 53.67%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $6.57 earnings per share.
Shares of Sherwin-Williams stock opened at $647.92 on Friday. The firm has a 50-day simple moving average of $588.73 and a two-hundred day simple moving average of $550.00. The company has a market cap of $58.99 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 3.10 and a beta of 1.22. Sherwin-Williams has a fifty-two week low of $325.43 and a fifty-two week high of $659.87. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.57 and a current ratio of 1.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be paid a dividend of $1.34 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $5.36 annualized dividend and a yield of 0.83%. Sherwin-Williams’s dividend payout ratio is presently 25.38%.
In related news, COO David B. Sewell sold 5,752 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $571.13, for a total transaction of $3,285,139.76. Following the completion of the sale, the chief operating officer now owns 14,100 shares of the company’s stock, valued at approximately $8,052,933. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Aaron M. Erter sold 935 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $534.70, for a total transaction of $499,944.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,481 shares of company stock valued at $11,529,647. 0.55% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. JFS Wealth Advisors LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $25,000. Key Financial Inc purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $29,000. Center for Financial Planning Inc. grew its stake in shares of Sherwin-Williams by 250.0% in the 1st quarter. Center for Financial Planning Inc. now owns 63 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 45 shares during the period. Lindbrook Capital LLC grew its stake in shares of Sherwin-Williams by 50.8% in the 1st quarter. Lindbrook Capital LLC now owns 92 shares of the specialty chemicals company’s stock valued at $42,000 after buying an additional 31 shares during the period. Finally, Front Row Advisors LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter valued at approximately $44,000. 76.25% of the stock is owned by institutional investors and hedge funds.
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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