The Sherwin-Williams Company (NYSE:SHW) finished Friday with a subtraction of -$4.6 to close at $264.63, a downside of -1.71 percent. An average of 1,234,440 shares of common stock have been traded in the last five days. There was a fall of -$5.52 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,321,770 shares traded, while the 50-day average volume stands at 1,432,636.
SHW stock has decreased by -4.49% in the last month. The company shares reached their 1-month lowest point of $264.33 on 08/25/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $195.24 and a high of $283.80 in 52 weeks. It has reached a new high 16 times so far this year and achieved 11.50% or $27.30 in price. In spite of this, the price is down -6.75% from the 52-week high.
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Insider Transactions
SHW stock investors should be aware that The Sherwin-Williams Company (SHW) stock had its last reported insider trading activity 184 days ago on Feb 23.
Valuation Metrics
The Sherwin-Williams Company (SHW) has a trailing price-to-earnings (P/E) ratio of 29.37. The stock’s beta is 1.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.94, the price-to-book (PB) ratio at 18.66, and the price-to-cash flow ratio at 38.58.
The company has a payout ratio of 26.40%. The company’s most recent quarterly dividend payment was $0.6050 a share, without any change from last year. Its latest increase dividend $0.0050 reported on Wednesday February 15 2023.
Financial Health
The quick ratio of The Sherwin-Williams Company for the three months ended June 29 was 0.60, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.50 and a total debt to equity ratio of 2.86 for the quarter ending June 29. The Sherwin-Williams Company’s EBITDA margin for the year ending June 29 is 18.27%, while its operating margin for the same period stands at 13.10%. Its gross profit as reported stood at $9.33 billion compared to revenue of $22.15 billion.
Earnings Surprise
For the three-month period that ended June 29, The Sherwin-Williams Company had $9.1 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $793.7 million in the quarter, while revenues of $477.4 million were grew 27.19%. The analyst consensus anticipated The Sherwin-Williams Company’s latest quarter earnings to come in at $2.69 per share, but it turned out to be $3.29, a 22.30% surprise. For the quarter, EBITDA amounted to $1.33 billion. Shareholders own equity worth $257.15 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Sherwin-Williams Company (SHW) price momentum. RSI 9-day as of the close on 25 August was 32.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.63%.
As of today, SHW’s price is $269.34 -2.04% or -$5.52 from its 5-day moving average. SHW is currently trading -5.53% lower than its 20-day SMA and +16.76% higher than its 100-day SMA. However, the stock’s current price level is +7.64% above the SMA50 and +19.54% above the SMA200.
The stochastic %K and %D were 29.49% and 38.71%, respectively, and the average true range (ATR) was 4.76. With the 14-day stochastic at 2.20% and the average true range at 4.85, the RSI (14) stands at 41.19%. The stock has reached -1.72 on the 9-day MACD Oscillator while the 14-day reading was at -2.84.
Analyst Ratings
BMO Capital Markets upgraded The Sherwin-Williams Company (NYSE: SHW) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Market perform. The consensus rating for The Sherwin-Williams Company (SHW) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SHW, while 11 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 15 others rate it as a “buy”.
What is SHW’s price target for the next 12 months?
Analysts predict a range of price targets between $265.00 and $330.00, with a median target of $300.00. Taking a look at these predictions, the average price target given by analysts for The Sherwin-Williams Company (SHW) stock is $302.65.
