Somewhat Positive Media Coverage Somewhat Unlikely to Affect Sherwin-Williams Company (The) (NYSE:SHW) Share Price
News coverage about Sherwin-Williams Company (The) (NYSE:SHW) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sherwin-Williams Company (The) earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 47.0301001474416 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Sherwin-Williams Company (The) (NYSE:SHW) Rating Reiterated by Northcoast Research – The Momentous News (momentousnews.com)
- Air Products and Chemicals, Inc. (NYSE:APD) vs. The Sherwin-Williams Company (NYSE:SHW) Are the Technicals … – FLBC News (flbcnews.com)
- Are the Technicals Adding up for The Sherwin-Williams Company (NYSE:SHW)? – FLBC News (flbcnews.com)
- Sherwin-Williams Company (The) (SHW) Position Raised by HighTower Advisors LLC – Newburgh Gazette (newburghgazette.com)
- $4.44 Billion in Sales Expected for Sherwin-Williams Company (The) (SHW) This Quarter (americanbankingnews.com)
Shares of Sherwin-Williams Company (NYSE SHW) opened at 335.68 on Thursday. Sherwin-Williams Company has a 12-month low of $239.48 and a 12-month high of $362.57. The stock has a market cap of $31.16 billion, a price-to-earnings ratio of 27.67 and a beta of 1.23. The stock has a 50 day moving average price of $351.33 and a 200-day moving average price of $326.57.
Sherwin-Williams Company (The) (NYSE:SHW) last posted its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the consensus estimate of $4.54 by $0.02. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.06 earnings per share. Equities analysts anticipate that Sherwin-Williams Company will post $15.00 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $3.40 annualized dividend and a yield of 1.01%. Sherwin-Williams Company (The)’s dividend payout ratio is currently 28.05%.
A number of brokerages have recently commented on SHW. UBS AG reiterated a “neutral” rating and set a $341.00 price objective (up previously from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. BidaskClub downgraded Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Credit Suisse Group set a $344.00 price objective on Sherwin-Williams Company (The) and gave the company a “buy” rating in a research report on Thursday, April 20th. Vertical Research reiterated a “hold” rating and set a $335.00 price objective (up previously from $316.00) on shares of Sherwin-Williams Company (The) in a research report on Monday, June 26th. Finally, J P Morgan Chase & Co began coverage on Sherwin-Williams Company (The) in a research report on Monday, July 24th. They set a “neutral” rating and a $365.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $360.10.
In related news, insider Joel D. Baxter sold 5,470 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $335.50, for a total value of $1,835,185.00. Following the sale, the insider now directly owns 8,523 shares of the company’s stock, valued at approximately $2,859,466.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.69% of the company’s stock.
Sherwin-Williams Company (The) Company Profile
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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