Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Sherwin-Williams (SHW) Share Price

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.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the business posted $4.23 earnings per share. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. equities research analysts expect that Sherwin-Williams will post 15.04 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2017/12/24/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-sherwin-williams-shw-share-price.html.

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)

Receive News & Ratings for Sherwin-Williams Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit