Sherwin-Williams (NYSE:SHW) Issues Quarterly Earnings Results

Sherwin-Williams (NYSE:SHW - Get Free Report) issued its earnings results on Tuesday. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38), Zacks reports. The company had revenue of $6.31 billion during the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. Sherwin-Williams's quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $3.70 earnings per share. Sherwin-Williams updated its FY 2025 guidance to 11.200-11.500 EPS.

Sherwin-Williams Stock Performance

SHW traded down $2.56 on Thursday, reaching $340.38. The stock had a trading volume of 2,122,178 shares, compared to its average volume of 1,756,164. The business's 50-day moving average price is $349.04 and its two-hundred day moving average price is $348.04. Sherwin-Williams has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a market cap of $85.30 billion, a P/E ratio of 33.77, a price-to-earnings-growth ratio of 3.26 and a beta of 1.18. The company has a current ratio of 0.78, a quick ratio of 0.45 and a debt-to-equity ratio of 1.78.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 annualized dividend and a dividend yield of 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

Analyst Ratings Changes

SHW has been the subject of a number of research reports. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday. UBS Group decreased their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday. Morgan Stanley dropped their target price on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Mizuho cut their price target on shares of Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $385.29.

Hedge Funds Weigh In On Sherwin-Williams

An institutional investor recently raised its position in Sherwin-Williams stock. Empowered Funds LLC raised its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,236 shares of the specialty chemicals company's stock after purchasing an additional 626 shares during the period. Empowered Funds LLC's holdings in Sherwin-Williams were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 77.67% of the company's stock.

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.