Q2 2024 EPS Estimates for The Sherwin-Williams Company Increased by Seaport Res Ptn (NYSE:SHW)

The Sherwin-Williams Company (NYSE:SHW) – Analysts at Seaport Res Ptn boosted their Q2 2024 EPS estimates for Sherwin-Williams in a report released on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now expects that the specialty chemicals company will post earnings of $3.51 per share for the quarter, up from their previous estimate of $3.49. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for Sherwin-Williams’ current full-year earnings is $11.46 per share. Seaport Res Ptn also issued estimates for Sherwin-Williams’ Q3 2024 earnings at $3.53 EPS and FY2025 earnings at $12.80 EPS.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.01. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business posted $1.89 EPS. The company’s revenue was up .4% on a year-over-year basis.

Other equities research analysts have also issued research reports about the stock. UBS Group raised shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and lifted their target price for the company from $312.00 to $402.00 in a research note on Thursday, March 7th. Wells Fargo & Company lifted their target price on shares of Sherwin-Williams from $310.00 to $320.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Barclays lifted their target price on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Citigroup lifted their target price on shares of Sherwin-Williams from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Evercore ISI decreased their target price on shares of Sherwin-Williams from $385.00 to $380.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.94.

Sherwin-Williams Trading Down 1.1 %

Sherwin-Williams stock opened at $305.96 on Friday. The company has a 50 day moving average price of $328.52 and a 200 day moving average price of $297.71. The firm has a market capitalization of $77.85 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 2.45 and a beta of 1.15. Sherwin-Williams has a 52 week low of $221.76 and a 52 week high of $348.37. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.48 and a current ratio of 0.83.

Institutional Trading of Sherwin-Williams

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank boosted its position in Sherwin-Williams by 0.5% in the fourth quarter. First Hawaiian Bank now owns 7,559 shares of the specialty chemicals company’s stock valued at $2,358,000 after buying an additional 34 shares in the last quarter. Tsfg LLC boosted its position in Sherwin-Williams by 4.7% in the fourth quarter. Tsfg LLC now owns 754 shares of the specialty chemicals company’s stock valued at $235,000 after buying an additional 34 shares in the last quarter. Manchester Capital Management LLC boosted its position in Sherwin-Williams by 5.5% in the fourth quarter. Manchester Capital Management LLC now owns 666 shares of the specialty chemicals company’s stock valued at $208,000 after buying an additional 35 shares in the last quarter. Tealwood Asset Management Inc. boosted its position in Sherwin-Williams by 0.7% in the first quarter. Tealwood Asset Management Inc. now owns 4,913 shares of the specialty chemicals company’s stock valued at $1,706,000 after buying an additional 35 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its position in Sherwin-Williams by 0.9% in the fourth quarter. Ellsworth Advisors LLC now owns 4,108 shares of the specialty chemicals company’s stock valued at $1,281,000 after buying an additional 36 shares in the last quarter. Institutional investors own 77.67% of the company’s stock.

Insider Transactions at Sherwin-Williams

In other news, SVP Gregory P. Sofish sold 1,830 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the transaction, the senior vice president now owns 6,329 shares in the company, valued at approximately $2,029,710.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Justin T. Binns sold 1,563 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the sale, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Gregory P. Sofish sold 1,830 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $320.70, for a total transaction of $586,881.00. Following the completion of the sale, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,029,710.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,050 shares of company stock worth $10,340,237. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.715 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 0.93%. Sherwin-Williams’s payout ratio is 30.92%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.