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

The Sherwin-Williams Company (NYSE:SHW) declared a quarterly dividend on Wednesday, July 22nd. Investors 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st.

Sherwin-Williams has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 48 consecutive years. Sherwin-Williams has a dividend payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sherwin-Williams to earn $13.76 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 23.3%.

Sherwin-Williams Price Performance

NYSE SHW opened at $345.62 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16. The company has a market cap of $83.90 billion, a PE ratio of 31.85, a PEG ratio of 2.68 and a beta of 1.10. Sherwin-Williams has a 1 year low of $289.86 and a 1 year high of $379.65. The stock’s 50-day moving average price is $337.99 and its two-hundred day moving average price is $332.78.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, analysts predict that Sherwin-Williams will post 12.08 EPS for the current year.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the transaction, the insider directly owned 11,944 shares of the company’s stock, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sherwin-Williams

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wilkerson Advisory Group LLC raised its position in Sherwin-Williams by 172.4% during the first quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Ares Financial Consulting LLC acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new stake in shares of Sherwin-Williams during the 1st quarter valued at $28,000. Finally, Tacita Capital Inc bought a new stake in Sherwin-Williams during the second quarter worth about $30,000. Institutional investors own 77.67% of the company’s stock.

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.