Research Analysts Offer Predictions for The Sherwin-Williams Company’s Q3 2024 Earnings (NYSE:SHW)

The Sherwin-Williams Company (NYSE:SHW) – KeyCorp issued their Q3 2024 EPS estimates for Sherwin-Williams in a research report issued on Sunday, October 6th. KeyCorp analyst A. Yefremov anticipates that the specialty chemicals company will earn $3.66 per share for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Sherwin-Williams’ current full-year earnings is $11.47 per share. KeyCorp also issued estimates for Sherwin-Williams’ Q4 2024 earnings at $2.12 EPS, FY2024 earnings at $11.65 EPS, Q3 2025 earnings at $4.21 EPS, Q4 2025 earnings at $2.54 EPS and FY2025 earnings at $13.20 EPS.

Several other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Wells Fargo & Company raised their target price on shares of Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Robert W. Baird upped their price target on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. The Goldman Sachs Group lifted their price objective on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Redburn Atlantic raised Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $370.39.

Sherwin-Williams Stock Up 1.5 %

Sherwin-Williams stock opened at $378.96 on Wednesday. Sherwin-Williams has a fifty-two week low of $232.06 and a fifty-two week high of $385.25. The company has a market cap of $95.60 billion, a PE ratio of 40.26, a PEG ratio of 2.92 and a beta of 1.17. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.50 and a current ratio of 0.81. The business’s 50-day simple moving average is $364.30 and its two-hundred day simple moving average is $331.46.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same period in the previous year, the firm posted $3.29 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year.

Sherwin-Williams Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s payout ratio is currently 30.49%.

Insider Activity at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now directly owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Sherwin-Williams

A number of institutional investors and hedge funds have recently bought and sold shares of SHW. PineStone Asset Management Inc. raised its position in Sherwin-Williams by 132.8% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,609,392 shares of the specialty chemicals company’s stock valued at $480,291,000 after purchasing an additional 917,979 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Sherwin-Williams by 610.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,045,374 shares of the specialty chemicals company’s stock worth $311,971,000 after acquiring an additional 898,143 shares during the last quarter. Jensen Investment Management Inc. purchased a new stake in shares of Sherwin-Williams in the 2nd quarter valued at approximately $169,770,000. 1832 Asset Management L.P. increased its position in shares of Sherwin-Williams by 54.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,416,257 shares of the specialty chemicals company’s stock valued at $422,654,000 after purchasing an additional 496,326 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Sherwin-Williams by 192.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 393,010 shares of the specialty chemicals company’s stock worth $116,322,000 after purchasing an additional 258,511 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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.