Sherwin-Williams Company (The) (SHW) Short Interest Update
Sherwin-Williams Company (The) (NYSE:SHW) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,360,735 shares, a growth of 45.9% from the July 14th total of 932,732 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 889,460 shares, the short-interest ratio is currently 1.5 days.
Shares of Sherwin-Williams Company (NYSE:SHW) opened at 332.57 on Wednesday. The stock’s 50 day moving average price is $346.90 and its 200-day moving average price is $329.42. The firm has a market capitalization of $30.88 billion, a PE ratio of 27.42 and a beta of 1.23. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $362.57.
Sherwin-Williams Company (The) (NYSE:SHW) last released its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing analysts’ consensus estimates of $4.54 by $0.02. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $4.06 earnings per share. On average, equities analysts anticipate that Sherwin-Williams Company will post $15.00 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s payout ratio is 28.05%.
A number of large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in Sherwin-Williams Company (The) during the second quarter worth $100,000. American Beacon Advisors Inc. bought a new stake in Sherwin-Williams Company (The) during the first quarter worth $106,000. Peddock Capital Advisors LLC bought a new stake in Sherwin-Williams Company (The) during the second quarter worth $123,000. Barometer Capital Management Inc. bought a new stake in Sherwin-Williams Company (The) during the first quarter worth $124,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Sherwin-Williams Company (The) by 7.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after buying an additional 29 shares during the last quarter. 72.69% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on SHW shares. Zacks Investment Research raised Sherwin-Williams Company (The) from a “hold” rating to a “buy” rating and set a $371.00 price target for the company in a report on Thursday, April 27th. Morgan Stanley reissued an “overweight” rating and issued a $375.00 price target (up previously from $335.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, May 17th. Barclays PLC increased their price target on Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the company an “equal weight” rating in a report on Monday, April 24th. Jefferies Group LLC started coverage on Sherwin-Williams Company (The) in a report on Friday, May 26th. They issued a “hold” rating and a $364.00 price target for the company. Finally, Northcoast Research reissued a “buy” rating on shares of Sherwin-Williams Company (The) in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $360.10.
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Sherwin-Williams Company (The) Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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