The Sherwin-Williams Company (NYSE:SHW) Shares Set to Pay Quarterly Dividend of $0.80

The Sherwin-Williams Company (NYSE:SHW) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 13th will be given a dividend of $0.80 per share by the specialty chemicals company on Friday, December 4th. This represents a $3.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th.

Sherwin-Williams has increased its dividend payment by an average of 0.1% annually over the last three years and has raised 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. 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 Trading Up 1.9%

NYSE:SHW traded up $6.48 during trading hours on Thursday, reaching $343.75. The company’s stock had a trading volume of 303,898 shares, compared to its average volume of 1,922,774. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.46 and a current ratio of 0.73. The firm has a market capitalization of $83.45 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 2.62 and a beta of 1.08. The firm has a 50-day simple moving average of $331.84 and a 200-day simple moving average of $328.71. Sherwin-Williams has a 1 year low of $289.86 and a 1 year high of $377.77.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $0.18. The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. Research analysts expect that Sherwin-Williams will post 12.07 EPS for the current fiscal year.

Analysts Set New Price Targets

SHW has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sherwin-Williams from $355.00 to $375.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Citigroup cut their price target on shares of Sherwin-Williams from $415.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Melius Research initiated coverage on shares of Sherwin-Williams in a research report on Tuesday, October 6th. They issued a “hold” rating and a $367.00 price objective on the stock. Wells Fargo & Company set a $340.00 price objective on shares of Sherwin-Williams and gave the company an “equal weight” rating in a research report on Friday, September 25th. Finally, Rothschild & Co Redburn upped their price objective on shares of Sherwin-Williams from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $382.08.

Sherwin-Williams Company Profile

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.