As of Thursday close, The Sherwin-Williams Company’s (NYSE:SHW) stock was down -$5.43, moving down -2.09 percent to $254.38. The average number of shares traded per day over the past five days has been 1,485,560 shares. 1 time new highs have been achieved over the past 5 days, with a -$13.69 fall in that time frame. In the last twenty days, the average volume was 1,302,570, while in the previous 50 days, it was 1,431,538.
Since last month, SHW stock retreated -5.93%. Shares of the company fell to $254.24 on 09/21/23, the lowest level in the past month. A 52-week high of $283.80 was reached on 07/27/23 after having rallying from a 52-week low of $195.24. Since the beginning of this year, SHW’s stock price has risen by 7.18% or $17.05, and marked a new high 16 times. However, the stock has declined by -10.37% since its 52-week high.
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SHW stock investors should be aware that The Sherwin-Williams Company (SHW) stock had its last reported insider trading activity 211 days ago on Feb 23. Young Bryan J, the SVP – Corp Strategy & Devel. of the company, disposed of 2,750 shares for $220.76 on Feb 23. It resulted in a $607,090 divestment by the insider. MORIKIS JOHN G added 2,207 shares at an average price of $226.70 on Jan 27. The insider now owns 231,344 shares following the transaction.
Valuation Metrics
Right now, The Sherwin-Williams Company (SHW) has a P/E ratio of about 28.23. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 2.92, the price-to-book (PB) ratio of 17.94, and the price-to-cash flow ratio of 38.30 may also be considered.
The latest dividend of $0.6050 per share was paid out, remained unchanged from last year’s $0.6050. On Wednesday February 15 2023, a $0.0050 dividend increase was announced.
Financial Health
In the three months ended June 29, The Sherwin-Williams Company’s quick ratio stood at 0.60, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.50, and the total debt-to-equity ratio was 2.86. On the profitability front, the trailing twelve-month gross margin is 44.10% percent. In the year ended June 29, EBITDA margin amounted to 18.27%, whereas operating margins totaled 13.10%. Based on annual data, SHW earned $9.33 billion in gross profit and brought in $22.15 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.10%. Return on equity (ROE) for the past 12 months was 75.00%.
In The Sherwin-Williams Company’s quarter-end financial report for June 29, it reported total debt of $9.1 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SHW’s revenue rose 5.9% to $5.44 billion during the quarter, while net income inched up to $6.24 billion. While analysts expected The Sherwin-Williams Company to report $2.69 quarterly earnings, the actual figure was $3.29 per share, beating the consensus estimate by 22.30%. During the quarter, the company generated $1.33 billion in EBITDA. The liabilities of The Sherwin-Williams Company were 19.54 billion at the end of its most recent quarter ended June 29, and its total debt was $12.34 billion. The value of shareholders’ equity is $257.15 million.
Technical Picture
This quick technical analysis looks at The Sherwin-Williams Company’s (SHW) price momentum. With a historical volatility rate of 16.34%, the RSI 9-day stood at 23.41% on 21 September.
With respect to its five-day moving average, the current The Sherwin-Williams Company price is down by -5.11% percent or -$13.69. At present, SHW shares trade -6.50% below its 20-day simple moving average and +7.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.35% below its SMA50 and -1.31% below its SMA200.
Stochastic coefficient K was 11.97% and Stochastic coefficient D was 12.11%, while ATR was 4.50. Given the Stochastic reading of 0.67% for the 14-day period, the RSI (14) reading has been calculated as 30.74%. As of today, the MACD Oscillator reading stands at -5.47, while the 14-day reading stands at -8.05.
Analyst Ratings
BMO Capital Markets upgraded its rating on The Sherwin-Williams Company (NYSE: SHW) to an Outperform in a note to investors on June 26, 2023. The analysts firm previously had a Market perform rating on the stock.The Sherwin-Williams Company (SHW) has been rated Overweight by analysts. According to 0 brokerage firms, SHW is a sell, and 11 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate The Sherwin-Williams Company stock as buy, with 15 recommending it as overweight.
With a median target price of $302.50, the current consensus forecast for the stock is $271.00 – $330.00. Based on these forecasts, analysts predict The Sherwin-Williams Company (SHW) will achieve an average price target of $304.36.
