Sherwin-Williams (NYSE:SHW) issued its quarterly earnings results on Tuesday. The specialty chemicals company reported $7.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.69 by $1.41, MarketWatch Earnings reports. Sherwin-Williams had a return on equity of 53.67% and a net margin of 9.83%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter in the prior year, the business earned $6.57 EPS. Sherwin-Williams’s revenue was down 5.7% on a year-over-year basis. Sherwin-Williams updated its FY 2020
Pre-Market guidance to 21.75-23.25 EPS and its FY20 guidance to $21.75-$23.25 EPS.

Shares of SHW stock traded down $2.33 during mid-day trading on Friday, hitting $645.30. 731 shares of the company’s stock were exchanged, compared to its average volume of 462,044. Sherwin-Williams has a fifty-two week low of $325.43 and a fifty-two week high of $659.87. The stock has a market cap of $59.02 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 3.64 and a beta of 1.22. The company has a quick ratio of 0.57, a current ratio of 1.10 and a debt-to-equity ratio of 2.50. The stock has a 50-day simple moving average of $587.40 and a two-hundred day simple moving average of $549.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 21st will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 20th. Sherwin-Williams’s dividend payout ratio (DPR) is 25.38%.

In related news, insider Aaron M. Erter sold 935 shares of Sherwin-Williams stock in a transaction on Friday, May 8th. The stock was sold at an average price of $534.70, for a total value of $499,944.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joel D. Baxter sold 6,830 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $580.00, for a total value of $3,961,400.00. Following the completion of the transaction, the insider now directly owns 8,894 shares in the company, valued at $5,158,520. The disclosure for this sale can be found here. Insiders sold 14,517 shares of company stock worth $8,339,284 in the last quarter. 0.55% of the stock is owned by insiders.

SHW has been the topic of several recent research reports. Robert W. Baird upped their price target on Sherwin-Williams from $550.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, June 24th. Royal Bank of Canada upped their price objective on Sherwin-Williams from $655.00 to $700.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets upped their target price on Sherwin-Williams from $590.00 to $674.00 and gave the company a “market perform” rating in a research report on Wednesday. Credit Suisse Group increased their price objective on Sherwin-Williams from $625.00 to $734.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Sherwin-Williams in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Sherwin-Williams presently has a consensus rating of “Hold” and an average target price of $634.24.

About Sherwin-Williams

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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Earnings History for Sherwin-Williams (NYSE:SHW)

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