The Sherwin-Williams Company (NYSE:SHW) Plans Quarterly Dividend of $0.79

Key Points

• Sherwin-Williams has declared a quarterly dividend of $0.79 per share, which will be distributed on December 5th to stockholders recorded by November 14th.
• The company has a dividend payout ratio of 23.8%, indicating that earnings sufficiently cover the dividend payments.
• Analysts maintain a consensus rating of "Moderate Buy" for Sherwin-Williams, with a target price averaging around $387.13.

The Sherwin-Williams Company (NYSE:SHW - Get Free Report) declared a quarterly dividend on Tuesday, October 21st. Stockholders of record on Friday, November 14th will be given a dividend of 0.79 per share by the specialty chemicals company on Friday, December 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th.

Sherwin-Williams has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sherwin-Williams to earn $13.37 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 23.6%.

Sherwin-Williams Price Performance

SHW opened at $338.66 on Wednesday. The stock has a 50-day moving average price of $352.34 and a 200-day moving average price of $347.88. Sherwin-Williams has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $84.44 billion, a P/E ratio of 33.60, a PEG ratio of 3.10 and a beta of 1.20.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The firm had revenue of $6.31 billion during the quarter, compared to analysts' expectations of $6.31 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. Sherwin-Williams's revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts predict that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SHW. Wells Fargo & Company set a $395.00 target price on Sherwin-Williams and gave the company an "overweight" rating in a report on Friday, October 10th. JPMorgan Chase & Co. decreased their price target on Sherwin-Williams from $390.00 to $378.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. Mizuho decreased their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, UBS Group reaffirmed a "buy" rating and issued a $400.00 price target (up from $395.00) on shares of Sherwin-Williams in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $387.13.

About Sherwin-Williams

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.

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