The Sherwin-Williams Company (NYSE:SHW – Free Report) – Investment analysts at Seaport Res Ptn lifted their Q2 2023 EPS estimates for shares of Sherwin-Williams in a note issued to investors on Wednesday, July 19th. Seaport Res Ptn analyst M. Harrison now anticipates that the specialty chemicals company will earn $2.71 per share for the quarter, up from their prior estimate of $2.70. The consensus estimate for Sherwin-Williams’ current full-year earnings is $8.73 per share. Seaport Res Ptn also issued estimates for Sherwin-Williams’ Q3 2023 earnings at $2.64 EPS and FY2023 earnings at $8.94 EPS.
SHW has been the topic of a number of other research reports. StockNews.com began coverage on Sherwin-Williams in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Wells Fargo & Company raised their price target on Sherwin-Williams from $220.00 to $250.00 in a research report on Wednesday, July 12th. Barclays upped their price objective on shares of Sherwin-Williams from $220.00 to $240.00 in a research report on Thursday, April 27th. Loop Capital raised their target price on shares of Sherwin-Williams from $285.00 to $290.00 in a report on Friday, June 30th. Finally, Mizuho upped their price target on shares of Sherwin-Williams from $268.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.33.
Sherwin-Williams Stock Performance
Sherwin-Williams (NYSE:SHW – Get Free Report) last announced its earnings results on Tuesday, April 25th. The specialty chemicals company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.20. Sherwin-Williams had a return on equity of 86.29% and a net margin of 9.41%. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the company earned $1.61 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year.
Institutional Trading of Sherwin-Williams
Several institutional investors have recently modified their holdings of the business. HHM Wealth Advisors LLC lifted its holdings in Sherwin-Williams by 1,716.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 109 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 103 shares during the period. RFP Financial Group LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter worth approximately $26,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Sherwin-Williams in the fourth quarter valued at approximately $28,000. TCI Wealth Advisors Inc. increased its position in Sherwin-Williams by 296.9% during the 1st quarter. TCI Wealth Advisors Inc. now owns 127 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 95 shares during the period. Finally, Providence Capital Advisors LLC raised its holdings in Sherwin-Williams by 44,853.3% during the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 6,728 shares during the last quarter. Institutional investors own 75.76% of the company’s stock.
Sherwin-Williams Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, August 17th. Sherwin-Williams’s payout ratio is currently 29.69%.
About Sherwin-Williams
The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through 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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