News coverage about Sherwin-Williams (NYSE:SHW) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sherwin-Williams earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the specialty chemicals company an impact score of 45.952540893856 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of brokerages have recently commented on SHW. Royal Bank of Canada reaffirmed a “buy” rating and set a $455.00 price objective on shares of Sherwin-Williams in a research report on Thursday, December 14th. Robert W. Baird reaffirmed a “buy” rating and set a $375.00 price objective on shares of Sherwin-Williams in a research report on Friday, September 1st. Morgan Stanley set a $425.00 price objective on shares of Sherwin-Williams and gave the company an “overweight” rating in a research report on Wednesday, October 4th. KeyCorp reaffirmed an “overweight” rating and set a $440.00 price objective (up previously from $415.00) on shares of Sherwin-Williams in a research report on Wednesday, October 4th. Finally, Longbow Research reaffirmed a “buy” rating and set a $440.00 price objective (up previously from $400.00) on shares of Sherwin-Williams in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $408.93.
Sherwin-Williams (SHW) traded up $1.56 during trading hours on Friday, reaching $413.09. 403,149 shares of the company traded hands, compared to its average volume of 443,077. Sherwin-Williams has a 52-week low of $268.05 and a 52-week high of $415.75. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68. The firm has a market capitalization of $38,780.00, a price-to-earnings ratio of 35.01, a PEG ratio of 2.29 and a beta of 1.22.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 28.81%.
In related news, insider Robert J. Davisson sold 8,800 shares of Sherwin-Williams stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the completion of the sale, the insider now owns 14,812 shares of the company’s stock, valued at approximately $5,777,716.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert J. Wells sold 2,946 shares of Sherwin-Williams stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $409.11, for a total transaction of $1,205,238.06. Following the sale, the senior vice president now directly owns 18,363 shares of the company’s stock, valued at approximately $7,512,486.93. The disclosure for this sale can be found here. In the last three months, insiders sold 15,122 shares of company stock valued at $5,969,846. Insiders own 1.69% of the company’s stock.
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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.
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