The Sherwin-Williams Company (SHW) to Issue Quarterly Dividend of $0.79 on December 5th

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Tuesday, October 21st. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Friday, November 14th.

Sherwin-Williams has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 48 years. Sherwin-Williams has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

SHW opened at $344.93 on Wednesday. The company has a 50 day simple moving average of $344.80 and a two-hundred day simple moving average of $349.22. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.82 and a quick ratio of 0.48. The firm has a market cap of $85.50 billion, a P/E ratio of 33.65, a PEG ratio of 3.26 and a beta of 1.21. Sherwin-Williams has a 1-year low of $308.84 and a 1-year high of $400.42.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.15. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.21 billion. Sherwin-Williams had a net margin of 11.05% and a return on equity of 66.75%. Sherwin-Williams’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.37 EPS. Sherwin-Williams has set its FY 2025 guidance at 11.250-11.450 EPS. Equities analysts forecast that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Insider Activity at Sherwin-Williams

In other news, insider Justin T. Binns sold 609 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider owned 17,922 shares of the company’s stock, valued at approximately $6,609,992.04. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Sherwin-Williams

Several institutional investors have recently made changes to their positions in the company. MTM Investment Management LLC bought a new position in shares of Sherwin-Williams during the second quarter valued at approximately $26,000. Valley National Advisers Inc. lifted its holdings in Sherwin-Williams by 68.0% during the second quarter. Valley National Advisers Inc. now owns 84 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 34 shares during the period. Vermillion & White Wealth Management Group LLC raised its position in shares of Sherwin-Williams by 104.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 86 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Sherwin-Williams during the 2nd quarter worth $31,000. Finally, Saudi Central Bank bought a new stake in Sherwin-Williams during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

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.