The Sherwin-Williams Company (SHW) To Go Ex-Dividend on August 21st

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 21st will be paid a dividend of 0.80 per share by the specialty chemicals company on Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st.

Sherwin-Williams has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 48 consecutive years. Sherwin-Williams has a dividend payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sherwin-Williams to earn $13.51 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 23.7%.

Sherwin-Williams Price Performance

NYSE:SHW opened at $310.39 on Friday. The firm has a market capitalization of $76.55 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.48 and a beta of 1.10. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. The business has a 50 day simple moving average of $320.37 and a 200-day simple moving average of $332.32. Sherwin-Williams has a 1 year low of $289.86 and a 1 year high of $379.65.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.08. The firm had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.56 billion. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities analysts forecast that Sherwin-Williams will post 11.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on SHW. Zacks Research raised shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Bank of America cut their price target on shares of Sherwin-Williams from $370.00 to $365.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Wells Fargo & Company decreased their price objective on Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a research report on Friday, May 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $373.92.

About Sherwin-Williams

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.