Seaport Res Ptn Has Bearish Estimate for SHW FY2024 Earnings

The Sherwin-Williams Company (NYSE:SHW) – Investment analysts at Seaport Res Ptn lowered their FY2024 EPS estimates for Sherwin-Williams in a research note issued on Wednesday, October 23rd. Seaport Res Ptn analyst M. Harrison now forecasts that the specialty chemicals company will earn $11.29 per share for the year, down from their previous forecast of $11.45. The consensus estimate for Sherwin-Williams’ current full-year earnings is $11.31 per share. Seaport Res Ptn also issued estimates for Sherwin-Williams’ Q4 2024 earnings at $2.05 EPS, Q1 2025 earnings at $2.29 EPS, Q2 2025 earnings at $4.06 EPS, Q3 2025 earnings at $3.86 EPS, Q4 2025 earnings at $2.38 EPS and FY2025 earnings at $12.59 EPS.

Other equities analysts also recently issued reports about the stock. Citigroup cut their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company lifted their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. KeyCorp reissued a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. BMO Capital Markets raised their price target on Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, StockNews.com raised Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $395.29.

Sherwin-Williams Stock Down 0.7 %

Shares of NYSE SHW opened at $359.04 on Monday. Sherwin-Williams has a 52-week low of $232.06 and a 52-week high of $392.57. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.50 and a current ratio of 0.83. The business has a fifty day moving average of $372.00 and a two-hundred day moving average of $335.12. The stock has a market cap of $91.03 billion, a PE ratio of 38.28, a PEG ratio of 2.87 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.20 billion. Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $3.20 earnings per share.

Institutional Trading of Sherwin-Williams

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GHP Investment Advisors Inc. increased its stake in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 28 shares in the last quarter. HHM Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. raised its stake in Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 60 shares during the period. VitalStone Financial LLC lifted its holdings in Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Finally, Anfield Capital Management LLC acquired a new position in Sherwin-Williams in the second quarter valued at about $38,000. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

Sherwin-Williams Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 annualized dividend and a dividend yield of 0.80%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.