Sherwin-Williams (NYSE:SHW) Earning Somewhat Positive News Coverage, Analysis Shows

News headlines about Sherwin-Williams (NYSE:SHW) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sherwin-Williams earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the specialty chemicals company an impact score of 46.7153432307036 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern’s analysis:

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A number of equities analysts have commented on SHW shares. KeyCorp reaffirmed an “overweight” rating and set a $465.00 price objective (up from $440.00) on shares of Sherwin-Williams in a research report on Thursday, January 11th. Seaport Global Securities raised Sherwin-Williams from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 target price for the company in a research note on Wednesday, December 27th. Deutsche Bank assumed coverage on Sherwin-Williams in a report on Friday, December 22nd. They set a “hold” rating and a $420.00 price target on the stock. Finally, Bank of America upped their target price on Sherwin-Williams from $435.00 to $470.00 and gave the company a “buy” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $437.00.

Shares of NYSE:SHW opened at $392.12 on Friday. The firm has a market cap of $36,211.11, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.72 and a beta of 1.17. Sherwin-Williams has a 12-month low of $306.05 and a 12-month high of $435.15. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 0.67.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.18 by ($0.23). The business had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Sherwin-Williams had a return on equity of 50.59% and a net margin of 11.83%. The firm’s revenue for the quarter was up 43.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.15 EPS. research analysts anticipate that Sherwin-Williams will post 19.09 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Sherwin-Williams’s previous quarterly dividend of $0.85. Sherwin-Williams’s payout ratio is currently 18.48%.

In other news, insider Peter J. Ippolito sold 750 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $409.26, for a total value of $306,945.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.78% of the company’s stock.

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About Sherwin-Williams

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Insider Buying and Selling by Quarter for Sherwin-Williams (NYSE:SHW)

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