Sherwin-Williams Company (The) (SHW) Receiving Somewhat Favorable Media Coverage, Study Shows
News stories about Sherwin-Williams Company (The) (NYSE:SHW) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sherwin-Williams Company (The) earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news coverage about the specialty chemicals company an impact score of 46.2331976937865 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Delving into Shares of McKesson Corporation (NYSE:MCK) and The Sherwin-Williams Company (NYSE:SHW) From … – FLBC News (flbcnews.com)
- Sherwin-Williams Company (The) (SHW) Getting Somewhat Favorable News Coverage, Study Shows – ExpressNewsline (expressnewsline.com)
- The Sherwin-Williams Company (SHW) – Investors Roundup – Wall Street Morning (wallstreetmorning.com)
- Trading Radar: Narrowing in on Shares of Sherwin-Williams Company (SHW) – Wall Street Review (thewallstreetreview.com)
- How These Specialty Chemicals Stocks are Performing? — Methanex, Albemarle, and Sherwin Williams – PR Newswire (press release) (prnewswire.com)
Sherwin-Williams Company (NYSE SHW) traded down 0.18% during midday trading on Friday, reaching $328.97. 553,832 shares of the company traded hands. The company has a market capitalization of $30.54 billion, a price-to-earnings ratio of 27.12 and a beta of 1.23. The stock’s 50 day moving average is $344.62 and its 200 day moving average is $329.62. Sherwin-Williams Company has a one year low of $239.48 and a one year high of $362.57.
Sherwin-Williams Company (The) (NYSE:SHW) last announced its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the prior year, the company earned $4.06 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Sherwin-Williams Company will post $15.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 18th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio is currently 28.05%.
Several equities analysts have recently weighed in on the stock. UBS AG reissued a “neutral” rating and issued a $341.00 price objective (up from $312.00) on shares of Sherwin-Williams Company (The) in a research report on Tuesday, June 6th. Credit Suisse Group raised shares of Sherwin-Williams Company (The) to a “buy” rating and set a $375.00 price objective on the stock in a research report on Sunday, July 23rd. Citigroup Inc. reaffirmed a “buy” rating and set a $410.00 price target on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. BidaskClub lowered shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Barclays PLC raised their price target on shares of Sherwin-Williams Company (The) from $310.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $360.10.
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About Sherwin-Williams Company (The)
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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