The Sherwin-Williams Company Declares Quarterly Dividend of $0.80 (NYSE:SHW)

The Sherwin-Williams Company (NYSE:SHW) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, August 21st will be given a dividend of 0.80 per share by the specialty chemicals company on Friday, September 11th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 21st.

Sherwin-Williams has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 48 years. Sherwin-Williams has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sherwin-Williams to earn $13.51 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 23.7%.

Sherwin-Williams Price Performance

NYSE SHW opened at $320.07 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $78.94 billion, a P/E ratio of 30.72, a PEG ratio of 2.47 and a beta of 1.10. Sherwin-Williams has a 52 week low of $289.86 and a 52 week high of $379.65. The company has a 50-day moving average price of $320.35 and a 200-day moving average price of $332.44.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, April 28th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.08. Sherwin-Williams had a net margin of 10.86% and a return on equity of 64.55%. The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same period in the prior year, the business posted $2.25 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Sherwin-Williams has set its FY 2026 guidance at 11.500-11.900 EPS. Equities research analysts anticipate that Sherwin-Williams will post 11.78 earnings per share for the current year.

Institutional Investors Weigh In On Sherwin-Williams

A number of large investors have recently made changes to their positions in SHW. Wilkerson Advisory Group LLC lifted its holdings in shares of Sherwin-Williams by 172.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 79 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Ares Financial Consulting LLC purchased a new stake in Sherwin-Williams during the 4th quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new stake in Sherwin-Williams in the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new stake in shares of Sherwin-Williams in the 1st quarter valued at $28,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Sherwin-Williams during the 4th quarter worth about $30,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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.