The Sherwin-Williams Company (NYSE:SHW - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 690,504 shares traded hands during mid-day trading, a decline of 56% from the previous session's volume of 1,557,206 shares.The stock last traded at $299.44 and had previously closed at $300.55.
Wall Street Analyst Weigh In
Several research analysts have weighed in on SHW shares. Wolfe Research started coverage on Sherwin-Williams in a research report on Friday, March 1st. They issued a "peer perform" rating on the stock. BMO Capital Markets dropped their target price on Sherwin-Williams from $377.00 to $360.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 12th. Robert W. Baird increased their price objective on Sherwin-Williams from $300.00 to $310.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. Northcoast Research raised Sherwin-Williams from a "neutral" rating to a "buy" rating and set a $360.00 price objective on the stock in a report on Tuesday, February 27th. Finally, Royal Bank of Canada lowered their price objective on Sherwin-Williams from $380.00 to $370.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $343.41.
Check Out Our Latest Research Report on SHW
Sherwin-Williams Price Performance
The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.46 and a current ratio of 0.78. The firm has a market cap of $74.72 billion, a P/E ratio of 31.42, a P/E/G ratio of 2.42 and a beta of 1.17. The company has a 50-day moving average of $305.75 and a 200 day moving average of $313.49.
Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing analysts' consensus estimates of $2.22 by ($0.05). The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.50 billion. Sherwin-Williams had a net margin of 10.52% and a return on equity of 73.74%. The company's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.04 earnings per share. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.43 EPS for the current year.
Sherwin-Williams Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a $0.715 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.97%. Sherwin-Williams's dividend payout ratio (DPR) is currently 30.49%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First United Bank & Trust bought a new position in shares of Sherwin-Williams in the 4th quarter worth $31,000. Tortoise Investment Management LLC boosted its position in shares of Sherwin-Williams by 158.5% in the 4th 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. McGlone Suttner Wealth Management Inc. bought a new position in shares of Sherwin-Williams in the 4th quarter worth $35,000. Wetzel Investment Advisors Inc. bought a new position in Sherwin-Williams during the fourth quarter worth about $36,000. Finally, Tompkins Financial Corp lifted its holdings in Sherwin-Williams by 1,533.3% during the third quarter. Tompkins Financial Corp now owns 147 shares of the specialty chemicals company's stock worth $37,000 after acquiring an additional 138 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.
Sherwin-Williams Company Profile
(Get Free Report)
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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