Is Sherwin-Williams Co SHW a Good Buy in the Basic Materials Sector?

shw stock price today

Stockholders of record on Friday, August 18th will be paid a dividend of $0.605 per share on Friday, September 8th. This represents a $2.42 annualized dividend and a yield of 0.88%. But today, we are serving up the main course with these 11 stocks well on their way to becoming dividend kings. We have ordered this list by how many consecutive years these companies have grown their…

The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings, and related products to professional, industrial, commercial, and retail customers. The Company’s Paint Stores Group segment sells a range of architectural paints, coatings, and related products through dealers, home centers, distributors, hardware stores and other retailers. This dividend growth watchlist is used to identify companies worthy of further research. Stock prices fluctuate continuously, and although there are legitimate reasons for a price increase or decrease, occasionally there are times the market is just overreacting to a short-term issue. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

Sherwin-Williams shares jumped at the open after the paint company reported record revenue in the second quarter. The company also boosted its full-year sales and earnings guidance. Weighed down by temporary market forces, now may be the time to consider buying low on these two dividend growth stocks. Sherwin-Williams issued an update on its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $9.30-$9.70 for the period, compared to the consensus estimate of $8.82.

Falling share prices have boosted the yields of these three dividend stocks. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. https://bigbostrade.com/ To see all exchange delays and terms of use please see Barchart’s disclaimer. Shares of Sherwin-Williams Co. tumbled Thursday, after the paint and coatings maker warned of a big 2023 profit and sales miss, as demand is expected to weaken as the housing market remains pressured …

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $2,800 Today

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023. Sign-up to receive the latest news and ratings for Sherwin-Williams and its competitors with MarketBeat’s FREE daily newsletter. This article was generated by Benzinga’s automated content engine and reviewed by an editor.

shw stock price today

An example below is Graco Inc (GGG) – the current yield is 1.23% while its five-year average is just 1.13%. The difference being 10 basis points or about 9%, which suggests it could be undervalued. The company posted fourth-quarter adjusted earnings of $1.89 per share, while analysts expected $1.86.

Stocks

In addition to scoring higher than 97 percent of stocks in the Basic Materials sector, SHW’s 86 overall rating means the stock scores better than 86 of all stocks. Shares of paint manufacturer Sherwin-Williams declined after the company expressed uncertainties about the housing market and other demand conditions. Dan Fitzpatrick, founder and chief market analyst with stockmarketmentor.com, joins ‘Power Lunch’ to discuss the technical trade, tips for reading a technical chart, and CNBC Pro’s latest screener on …

  • Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.
  • Stockholders of record on Friday, August 18th will be paid a dividend of $0.605 per share on Friday, September 8th.
  • This represents a $2.42 annualized dividend and a yield of 0.88%.
  • Falling share prices have boosted the yields of these three dividend stocks.

Shares of Sherwin-Williams are trading up 0.58% over the last 24 hours, at $272.73 per share. “Barbie” isn’t just one of 2023’s biggest box office hits, it could also have a lasting financial impact on companies spanning fashion, entertainment, porsche ipo how to buy and home decor. In 2022, SHW’s revenue was $22.15 billion, an increase of 11.05% compared to the previous year’s $19.94 billion. These companies have been strong performers and they could perform very well in your portfolio, too.

Is Sherwin-Williams Co (SHW) a Good Buy in the Basic Materials Sector?

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. One share of SHW stock can currently be purchased for approximately $273.65. 1,095 employees have rated Sherwin-Williams Chief Executive Officer John Morikis on Glassdoor.com.

shw stock price today

The VIG has gained 8.47%, while the stocks on the watchlist have gained 17.73%. 19 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Sherwin-Williams in the last twelve months. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” SHW shares. Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks.

NYSE: SHWSherwin Williams Co Stock

This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

With another earnings season almost complete, it might be useful for investors to look further ahead. Each earnings season, we can see 70% to 80% of the S&P 500 “beating” consensus quarterly profit es… Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. The technique has proven to be very useful for finding positive surprises.

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Learn how to know if a stock is overvalued, the criteria to look for in an overvalued stock, and a list of three overvalued stocks in the U.S stock market this year. Shares of the paint company gained on signs of a recovery in the housing market and other demand trends. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success.

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