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

Sherwin-Williams (NYSE:SHW - Get Free Report) released its earnings results on Tuesday. The specialty chemicals company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.02, Zacks reports. The company had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.42 billion. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.17 EPS. Sherwin-Williams updated its FY 2025 guidance to 11.650-12.050 EPS.

Sherwin-Williams Price Performance

Shares of SHW stock traded up $6.10 on Friday, reaching $359.74. The company's stock had a trading volume of 1,398,615 shares, compared to its average volume of 1,768,049. The company has a market capitalization of $90.48 billion, a P/E ratio of 34.10, a PEG ratio of 2.98 and a beta of 1.24. Sherwin-Williams has a 12-month low of $282.09 and a 12-month high of $400.42. The stock's 50 day simple moving average is $342.22 and its 200-day simple moving average is $356.33. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.79 per share. The ex-dividend date is Friday, May 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.88%. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.87%.

Analyst Ratings Changes

A number of research firms have weighed in on SHW. Robert W. Baird set a $370.00 target price on shares of Sherwin-Williams in a research note on Friday, January 31st. Mizuho set a $395.00 price objective on Sherwin-Williams in a report on Tuesday, April 15th. Barclays decreased their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley cut their price target on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $350.00 to $420.00 in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Sherwin-Williams currently has a consensus rating of "Moderate Buy" and an average target price of $397.00.

Insider Buying and Selling

In other news, insider Colin M. Davie sold 2,799 shares of Sherwin-Williams stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $360.30, for a total transaction of $1,008,479.70. Following the completion of the sale, the insider now owns 5,365 shares in the company, valued at approximately $1,933,009.50. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sherwin-Williams

A hedge fund recently raised its stake in Sherwin-Williams stock. Brighton Jones LLC increased its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 73.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,545 shares of the specialty chemicals company's stock after acquiring an additional 655 shares during the period. Brighton Jones LLC's holdings in Sherwin-Williams were worth $525,000 as of its most recent SEC filing. 77.67% of the stock is owned by institutional investors.

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.