The Sherwin-Williams Company to Issue Quarterly Dividend of $0.55 (NYSE:SHW)

The Sherwin-Williams Company (NYSE:SHW) declared a quarterly dividend on Wednesday, July 21st, RTT News reports. Investors of record on Friday, August 20th will be given a dividend of 0.55 per share by the specialty chemicals company on Friday, September 10th. This represents a $2.20 annualized dividend and a yield of 0.78%.

The Sherwin-Williams has raised its dividend by 57.7% over the last three years.

The Sherwin-Williams stock opened at $281.83 on Thursday. The business’s 50 day moving average price is $278.34. The Sherwin-Williams has a fifty-two week low of $203.77 and a fifty-two week high of $293.05. The company has a market cap of $74.95 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 2.40 and a beta of 1.07. The company has a quick ratio of 0.58, a current ratio of 0.90 and a debt-to-equity ratio of 2.55.

The Sherwin-Williams (NYSE:SHW) last announced its earnings results on Monday, April 26th. The specialty chemicals company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.65 by $0.41. The firm had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.51 billion. The Sherwin-Williams had a net margin of 11.23% and a return on equity of 66.09%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted $4.08 EPS. As a group, research analysts anticipate that The Sherwin-Williams will post 9.45 EPS for the current fiscal year.

Several analysts have commented on the stock. Robert W. Baird raised their target price on shares of The Sherwin-Williams from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Wednesday, June 9th. Loop Capital lifted their price objective on shares of The Sherwin-Williams from $300.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, June 9th. Wells Fargo & Company lifted their price objective on shares of The Sherwin-Williams from $300.00 to $317.00 and gave the company an “overweight” rating in a report on Wednesday, June 9th. KeyCorp lifted their price objective on shares of The Sherwin-Williams from $300.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, June 9th. Finally, Royal Bank of Canada lifted their price objective on shares of The Sherwin-Williams from $324.00 to $327.00 and gave the company an “outperform” rating in a report on Wednesday, June 9th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The Sherwin-Williams has a consensus rating of “Buy” and an average price target of $325.91.

In other The Sherwin-Williams news, insider Justin T. Binns sold 1,744 shares of The Sherwin-Williams stock in a transaction on Thursday, June 10th. The shares were sold at an average price of $277.51, for a total transaction of $483,977.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.51% of the company’s stock.

The Sherwin-Williams Company Profile

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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Dividend History for The Sherwin-Williams (NYSE:SHW)

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