Sherwin-Williams Company (The) (NYSE:SHW):
The Sherwin-Williams Company Reports 2016 Third Quarter Financial Results.
The company is so far trading down since yesterday’s close of $247.68.
The company recently announced a dividend to be paid on Friday the 2nd of December 2016. The dividend payment will be $0.840 per share for the quarter or $3.36 annualized. The dividend yield will be $1.35. The ex-dividend date is set for Wednesday the 17th of August 2016.
Company chares are trading at $244.73 a tad below the 50 day moving average of $271.69 and which is a tad under the 200 day moving average of $288.11. The 50 day moving average went down by -9.92% whereas the 200 day moving average was down $-43.38 or -15.06%.
The P/E ratio is currently 20.42 and market cap is 22.51B. In the last earnings report the EPS was $11.86 and is expected to be $12.42 for the current year with 91,992,000 shares outstanding. Next quarter’s EPS is forecasted at $2.04 with next year’s EPS projected to be $13.84.
Investment firms have released opinions on the stock recently. On October 10 the stock rating was upgraded to “Buy” from “Hold” by analysts at Argus Research. On September 29, 2016 Wells Fargo released its first research report on the stock with a rating of “Market Perform”.
On July 22 the company was upgraded from “” to “Buy” in an announcement from CLSA. On July 11 the company was downgraded to “Neutral” from “Accumulate” by Seaport Global.
Equity analyst Argus Research starting coverage on the stock by announcing an initial rating of “Hold” and setting a price target of $293.00. On March 21 the company was changed to a “Sector Weight” according to a KeyBanc report which was a cut from the previous “Overweight” rating.