The Sherwin-Williams Company (SHW) To Go Ex-Dividend on November 13th

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 13th will be paid a dividend of $0.80 per share by the specialty chemicals company on Friday, December 4th. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th.

Sherwin-Williams has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 48 consecutive years. Sherwin-Williams has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Sherwin-Williams to earn $13.34 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 24.0%.

Sherwin-Williams Stock Down 0.7%

Shares of NYSE:SHW opened at $355.59 on Wednesday. The firm has a market cap of $85.91 billion, a P/E ratio of 32.68, a P/E/G ratio of 2.98 and a beta of 1.04. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 2.00. Sherwin-Williams has a 12-month low of $289.86 and a 12-month high of $377.77. The business has a fifty day simple moving average of $330.26 and a 200 day simple moving average of $333.06.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, October 27th. The specialty chemicals company reported $3.63 EPS for the quarter, missing the consensus estimate of $3.69 by ($0.06). The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.78 billion. Sherwin-Williams had a return on equity of 69.51% and a net margin of 10.74%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.59 earnings per share. Analysts predict that Sherwin-Williams will post 12.02 earnings per share for the current year.

Insider Transactions at Sherwin-Williams

In related news, CAO James P. Lang sold 1,309 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $361.91, for a total value of $473,740.19. Following the transaction, the chief accounting officer directly owned 861 shares in the company, valued at $311,604.51. This trade represents a 60.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP James R. Jaye sold 2,301 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $345.56, for a total value of $795,133.56. Following the completion of the transaction, the senior vice president owned 6,936 shares in the company, valued at approximately $2,396,804.16. This represents a 24.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 22,315 shares of company stock valued at $7,848,071. Company insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Sherwin-Williams during the 2nd quarter valued at about $6,100,083,000. Wellington Management Group LLP raised its stake in shares of Sherwin-Williams by 133.7% in the second quarter. Wellington Management Group LLP now owns 2,784,679 shares of the specialty chemicals company’s stock worth $958,821,000 after purchasing an additional 1,593,009 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Sherwin-Williams in the second quarter worth approximately $547,097,000. Legal & General Group Plc bought a new position in Sherwin-Williams during the 2nd quarter valued at $459,652,000. Finally, Bank of America Corp DE bought a new stake in shares of Sherwin-Williams in the 2nd quarter worth $412,339,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

The Sherwin-Williams Company is a global manufacturer, retailer and distributor of paints and coatings. Founded in 1866 and headquartered in Cleveland, Ohio, the company serves customers through company-operated paint stores, home improvement retailers, distributors and other channels. Its products include paints, stains and related supplies for homes and commercial buildings, as well as coatings for industrial, automotive, protective and marine applications. The company markets products under brands including Sherwin-Williams and Valspar.