Seaport Res Ptn Brokers Increase Earnings Estimates for The Sherwin-Williams Company (NYSE:SHW)

The Sherwin-Williams Company (NYSE:SHW - Free Report) - Equities researchers at Seaport Res Ptn upped their Q2 2024 earnings estimates for shares of Sherwin-Williams in a report issued on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will post earnings per share of $3.51 for the quarter, up from their previous estimate of $3.49. Seaport Res Ptn has a "Neutral" rating on the stock. The consensus estimate for Sherwin-Williams' current full-year earnings is $11.46 per share. Seaport Res Ptn also issued estimates for Sherwin-Williams' Q3 2024 earnings at $3.53 EPS and FY2025 earnings at $12.80 EPS.

SHW has been the topic of several other reports. UBS Group upgraded Sherwin-Williams from a "neutral" rating to a "buy" rating and raised their price objective for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Wolfe Research assumed coverage on Sherwin-Williams in a research note on Friday, March 1st. They set a "peer perform" rating on the stock. Wells Fargo & Company boosted their price target on shares of Sherwin-Williams from $310.00 to $320.00 and gave the stock an "equal weight" rating in a report on Friday, January 26th. StockNews.com raised shares of Sherwin-Williams from a "hold" rating to a "buy" rating in a report on Friday, March 8th. Finally, Mizuho cut their price target on shares of Sherwin-Williams from $352.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $325.94.

Sherwin-Williams Stock Down 1.1 %

NYSE:SHW traded down $3.42 during trading hours on Friday, hitting $305.96. 1,560,671 shares of the company traded hands, compared to its average volume of 1,402,321. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 2.25. The firm's 50-day simple moving average is $328.52 and its 200-day simple moving average is $297.37. Sherwin-Williams has a one year low of $221.76 and a one year high of $348.37. The company has a market cap of $77.86 billion, a PE ratio of 33.08, a PEG ratio of 2.46 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the firm posted $1.89 EPS. Sherwin-Williams's revenue was up .4% compared to the same quarter last year.

Institutional Investors Weigh In On Sherwin-Williams

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aspect Partners LLC bought a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $25,000. First United Bank & Trust bought a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $31,000. OFI Invest Asset Management bought a new position in shares of Sherwin-Williams in the third quarter worth approximately $25,000. Tortoise Investment Management LLC increased its position in shares of Sherwin-Williams by 158.5% in the fourth quarter. Tortoise Investment Management LLC now owns 106 shares of the specialty chemicals company's stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Union Savings Bank bought a new position in shares of Sherwin-Williams in the third quarter worth approximately $28,000. 77.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the sale, the senior vice president now directly owns 28,475 shares of the company's stock, valued at $9,187,743.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Todd D. Rea sold 2,449 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $313.54, for a total transaction of $767,859.46. Following the sale, the insider now directly owns 9,329 shares in the company, valued at $2,925,014.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mary L. Garceau sold 23,518 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $322.66, for a total value of $7,588,317.88. Following the sale, the senior vice president now owns 28,475 shares in the company, valued at $9,187,743.50. The disclosure for this sale can be found here. Insiders have sold a total of 32,050 shares of company stock valued at $10,340,237 over the last three months. 0.60% of the stock is currently owned by insiders.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, May 16th. Sherwin-Williams's dividend payout ratio (DPR) is presently 30.92%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.