The Sherwin-Williams Company (SHW) To Go Ex-Dividend on March 2nd

The Sherwin-Williams Company (NYSE:SHW) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Monday, March 2nd will be paid a dividend of 0.80 per share by the specialty chemicals company on Friday, March 13th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. This is a 1.3% increase from Sherwin-Williams’s previous quarterly dividend of $0.79.

Sherwin-Williams has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 48 consecutive years. Sherwin-Williams has a payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Research 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

Shares of Sherwin-Williams stock opened at $357.67 on Friday. The stock has a market capitalization of $88.66 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 3.16 and a beta of 1.25. The firm’s 50-day moving average price is $346.10 and its two-hundred day moving average price is $346.28. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. Sherwin-Williams has a 1-year low of $308.84 and a 1-year high of $379.65.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.07. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. Sherwin-Williams had a net margin of 10.90% and a return on equity of 65.26%. Sherwin-Williams’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 earnings per share. On average, equities analysts predict that Sherwin-Williams will post 12 earnings per share for the current fiscal year.

Insider Activity at Sherwin-Williams

In related news, insider Colin M. Davie sold 2,976 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the sale, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Sherwin-Williams

Institutional investors have recently bought and sold shares of the business. Cordatus Wealth Management LLC boosted its stake in shares of Sherwin-Williams by 149.4% during the 3rd quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock valued at $3,320,000 after purchasing an additional 5,744 shares in the last quarter. Nordea Investment Management AB raised its holdings in Sherwin-Williams by 16.1% in the third quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock worth $43,536,000 after purchasing an additional 17,422 shares in the last quarter. Wealthfront Advisers LLC lifted its position in Sherwin-Williams by 26.1% during the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock valued at $10,709,000 after buying an additional 6,408 shares during the period. Inscription Capital LLC bought a new stake in shares of Sherwin-Williams during the 3rd quarter valued at $1,069,000. Finally, Vanguard Group Inc. increased its position in Sherwin-Williams by 1.1% during 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 buying an additional 246,008 shares in the last quarter. Institutional investors and hedge funds 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.