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Stock Update (NYSE:SHW): Sherwin-Williams Declares Dividend of $0.84 per Common Share

[PR Newswire] – CLEVELAND, April 20, 2016 /PRNewswire/ — The Board of Directors of The Sherwin-Williams Company (NYSE: SHW) today announced a regular quarterly dividend of $0.84 per common share, payable on June 3, 2016, … Read more on this. The Sherwin-Williams Company (SHW) , with a current market cap of $27.61B, began trading this morning at $298.79. Looking at today’s trading action, the company’s one day range from $295.89 to $299.59 with the price of the stock fluctuating between $218.27 to $299.99 over the last 52 weeks. Priced at 24.02x this year’s forecasted earnings, SHW shares are relatively expensive compared to the industry’s 12.06x forward p/e ratio. The company pays shareholders $3.36 per share annually in dividends, yielding 1.13%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.62 per share, which would be $0.24 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $12.42, which would be a $1.26 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.48 Billion. If reported, that would be a 1.22% increase over the year-ago quarter. In terms of ratings, Susquehanna upgraded SHW from Neutral to Positive (Mar 21, 2016). Previously, KeyBanc Capital Mkts downgraded SHW from Overweight to Sector Weight. The average price target for SHW shares by the analysts covering the stock is $310.50, which is 3.92% above where the stock opened this morning. See more in (NYSE:SHW) Similar Articles: Stock Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams Declares Dividend of $0.84 per Common Share Stock Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams to Announce Year-End 2015 Financial Results on January 28, 2016 Market Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams Declares Dividend of $0.67 per Common Share; Board Approves 10 Million Share Stock Repurchase Authorization
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