The Sherwin-Williams Company (SHW) To Go Ex-Dividend on November 14th

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Tuesday, October 21st. Stockholders of record on Friday, November 14th will be given a dividend of 0.79 per share by the specialty chemicals company on Friday, December 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 14th.

Sherwin-Williams has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Sherwin-Williams to earn $13.37 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 23.6%.

Sherwin-Williams Price Performance

NYSE SHW opened at $333.87 on Thursday. The company has a 50 day simple moving average of $351.63 and a 200-day simple moving average of $347.78. The firm has a market capitalization of $83.24 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 3.17 and a beta of 1.20. Sherwin-Williams has a 52-week low of $308.84 and a 52-week high of $400.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the business posted $3.70 EPS. Sherwin-Williams’s revenue was up .6% compared to the same quarter last year. Equities research analysts predict that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Insider Transactions at Sherwin-Williams

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider owned 17,922 shares in the company, valued at $6,609,992.04. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO James P. Lang sold 860 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer directly owned 377 shares in the company, valued at $132,081.95. This represents a 69.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Sherwin-Williams

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Sherwin-Williams by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after purchasing an additional 246,008 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Sherwin-Williams by 21.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,657,536 shares of the specialty chemicals company’s stock valued at $3,023,126,000 after acquiring an additional 1,505,341 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 1.8% in the second quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after acquiring an additional 90,482 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Sherwin-Williams by 2.2% in the 1st quarter. Alliancebernstein L.P. now owns 4,409,209 shares of the specialty chemicals company’s stock valued at $1,539,652,000 after purchasing an additional 93,209 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Sherwin-Williams by 9.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

About Sherwin-Williams

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.