The Sherwin-Williams Company (SHW) To Go Ex-Dividend on May 22nd

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.80 per share by the specialty chemicals company on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 22nd.

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 analysts expect Sherwin-Williams to earn $13.42 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 23.8%.

Sherwin-Williams Stock Up 0.8%

Shares of SHW opened at $337.88 on Friday. Sherwin-Williams has a 52 week low of $301.58 and a 52 week high of $379.65. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $83.58 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.88 and a beta of 1.27. The stock’s 50-day moving average price is $335.10 and its 200-day moving average price is $338.31.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts predict that Sherwin-Williams will post 11.82 EPS for the current year.

Insider Activity at Sherwin-Williams

In other news, SVP Bryan J. Young sold 2,513 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $364.47, for a total value of $915,913.11. Following the transaction, the senior vice president owned 10,045 shares in the company, valued at $3,661,101.15. This trade represents a 20.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Colin M. Davie sold 2,976 shares of the firm’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 value of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This trade represents a 35.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Sherwin-Williams

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ares Financial Consulting LLC purchased a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $30,000. Lodestone Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at approximately $31,000. Finally, Rossby Financial LCC increased its holdings in shares of Sherwin-Williams by 96.0% in the third quarter. Rossby Financial LCC now owns 98 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors 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.