Sherwin-Williams Co (NYSE:SHW) – Equities research analysts at Northcoast Research issued their FY2021 earnings per share (EPS) estimates for shares of Sherwin-Williams in a research report issued on Monday, July 29th, Zacks Investment Research reports. Northcoast Research analyst K. Hocevar forecasts that the specialty chemicals company will post earnings per share of $26.70 for the year. Northcoast Research has a “Neutral” rating on the stock.
Several other research firms also recently commented on SHW. Wolfe Research downgraded Sherwin-Williams from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 25th. Buckingham Research increased their target price on Sherwin-Williams from $440.00 to $460.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Barclays increased their target price on Sherwin-Williams from $470.00 to $505.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 24th. KeyCorp increased their target price on Sherwin-Williams from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Deutsche Bank increased their target price on Sherwin-Williams from $490.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $518.63.
Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $6.57 earnings per share for the quarter, topping the consensus estimate of $6.35 by $0.22. Sherwin-Williams had a return on equity of 48.92% and a net margin of 6.61%. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the company earned $5.73 EPS. Sherwin-Williams’s revenue for the quarter was up 2.2% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 0.86%. Sherwin-Williams’s payout ratio is 24.39%.
In related news, Director David F. Hodnik sold 501 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $521.57, for a total transaction of $261,306.57. Following the completion of the sale, the director now owns 9,569 shares of the company’s stock, valued at $4,990,903.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David B. Sewell sold 4,709 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $493.52, for a total value of $2,323,985.68. Following the sale, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $6,220,326.08. The disclosure for this sale can be found here. In the last three months, insiders sold 31,608 shares of company stock valued at $15,329,391. Insiders own 0.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHW. Investors Research Corp acquired a new stake in Sherwin-Williams during the first quarter worth approximately $25,000. Thor Advisors LLC acquired a new stake in Sherwin-Williams during the first quarter worth approximately $25,000. Krane Funds Advisors LLC acquired a new stake in Sherwin-Williams during the second quarter worth approximately $25,000. Tortoise Investment Management LLC grew its stake in Sherwin-Williams by 235.3% during the second quarter. Tortoise Investment Management LLC now owns 57 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 40 shares during the period. Finally, Hexavest Inc. acquired a new stake in Sherwin-Williams during the second quarter worth approximately $27,000. 76.72% of the stock is owned by institutional investors and hedge funds.
Sherwin-Williams Company Profile
The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.
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