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