The Sherwin-Williams Company (NYSE:SHW) Announces Quarterly Dividend of $0.80

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

Sherwin-Williams has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 48 years. Sherwin-Williams has a dividend payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Sherwin-Williams to earn $13.65 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 23.4%.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW traded up $6.66 on Thursday, reaching $343.93. 371,028 shares of the company’s stock were exchanged, compared to its average volume of 1,923,112. The company has a fifty day moving average of $331.84 and a 200-day moving average of $328.71. Sherwin-Williams has a twelve month low of $289.86 and a twelve month high of $377.77. The company has a market capitalization of $83.49 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.62 and a beta of 1.08. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share 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 the consensus estimate of $6.60 billion. Sherwin-Williams had a net margin of 11.01% and a return on equity of 67.97%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. On average, research analysts predict that Sherwin-Williams will post 12.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stephens dropped their price objective on Sherwin-Williams from $375.00 to $353.00 and set a “hold” rating for the company in a report on Tuesday, September 22nd. Berenberg Bank upped their target price on Sherwin-Williams from $380.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Bank of America increased their target price on Sherwin-Williams from $369.00 to $383.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Jefferies Financial Group restated a “hold” rating and issued a $375.00 price target (up from $360.00) on shares of Sherwin-Williams in a research report on Tuesday, July 28th. Finally, Mizuho set a $396.00 price target on Sherwin-Williams and gave the stock an “outperform” rating in a research report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $382.08.

About Sherwin-Williams

The Sherwin-Williams Company (NYSE: SHW) develops, manufactures, distributes and sells paints, coatings and related products. Its offerings include architectural paints, industrial coatings, wood finishes, protective coatings, automotive refinishing products, floor coatings and related supplies marketed under brands such as Sherwin-Williams, Valspar, Minwax, Krylon and Dutch Boy.

Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams serves professional contractors, do-it-yourself consumers, industrial manufacturers, commercial businesses and other customers.