Sherwin-Williams Co (NYSE:SHW) – Equities researchers at Northcoast Research boosted their Q3 2020 earnings estimates for shares of Sherwin-Williams in a note issued to investors on Wednesday, July 29th. Northcoast Research analyst K. Hocevar now anticipates that the specialty chemicals company will post earnings per share of $7.33 for the quarter, up from their previous estimate of $6.35. Northcoast Research also issued estimates for Sherwin-Williams’ Q4 2020 earnings at $4.74 EPS, FY2020 earnings at $23.25 EPS and FY2021 earnings at $26.00 EPS.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $7.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.69 by $1.41. Sherwin-Williams had a return on equity of 53.67% and a net margin of 9.83%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same quarter in the previous year, the company posted $6.57 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year.

Several other equities research analysts have also issued reports on SHW. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “strong-buy” rating and set a $745.00 price target for the company in a research note on Friday. Stifel Nicolaus reaffirmed a “hold” rating on shares of Sherwin-Williams in a research note on Thursday, April 30th. Jefferies Financial Group lifted their price target on Sherwin-Williams from $570.00 to $650.00 and gave the stock a “hold” rating in a research note on Wednesday. Robert W. Baird boosted their target price on Sherwin-Williams from $550.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Finally, Citigroup boosted their target price on Sherwin-Williams from $555.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $641.95.

Shares of SHW stock opened at $647.92 on Friday. 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 business has a 50-day moving average price of $588.73 and a two-hundred day moving average price of $550.00. Sherwin-Williams has a 12-month low of $325.43 and a 12-month high of $659.87. The firm has a market cap of $58.99 billion, a P/E ratio of 34.54, a price-to-earnings-growth ratio of 3.10 and a beta of 1.22.

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

In other Sherwin-Williams news, insider Joel D. Baxter sold 6,830 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $580.00, for a total transaction of $3,961,400.00. Following the transaction, the insider now owns 8,894 shares in the company, valued at approximately $5,158,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Thomas P. Gilligan sold 4,964 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $642.70, for a total value of $3,190,362.80. Following the transaction, the senior vice president now owns 8,751 shares in the company, valued at approximately $5,624,267.70. The disclosure for this sale can be found here. Insiders have sold a total of 19,481 shares of company stock worth $11,529,647 in the last quarter. Company insiders own 0.55% of the company’s stock.

Several hedge funds have recently bought and sold shares of SHW. JFS Wealth Advisors LLC purchased a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $25,000. Key Financial Inc purchased a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $29,000. Center for Financial Planning Inc. grew its stake in shares of Sherwin-Williams by 250.0% in the 1st quarter. Center for Financial Planning Inc. now owns 63 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 45 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Sherwin-Williams by 50.8% in the 1st quarter. Lindbrook Capital LLC now owns 92 shares of the specialty chemicals company’s stock worth $42,000 after buying an additional 31 shares during the last quarter. Finally, Front Row Advisors LLC purchased a new stake in shares of Sherwin-Williams in the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 76.25% of the company’s stock.

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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Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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