The Sherwin-Williams Company (SHW) to Issue Quarterly Dividend of $0.80 on December 4th

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 13th will be paid 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 is Friday, November 13th.

Sherwin-Williams has increased its dividend by an average of 0.1% annually over the last three years and has increased 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. Equities research 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 SHW opened at $345.76 on Friday. 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 firm has a market cap of $83.94 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company’s 50 day simple moving average is $331.52 and its 200-day simple moving average is $328.91. Sherwin-Williams has a 12-month low of $289.86 and a 12-month high of $377.77.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.52 by $0.18. The firm 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%. Sherwin-Williams’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.38 EPS. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, equities analysts predict that Sherwin-Williams will post 12.07 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group set a $363.00 price target on Sherwin-Williams and gave the stock a “neutral” rating in a report on Monday, October 5th. Citigroup reduced their price objective on Sherwin-Williams from $415.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Berenberg Bank increased their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Rothschild & Co Redburn increased their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Finally, Argus lifted their target price on Sherwin-Williams from $355.00 to $380.00 in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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.