The Sherwin-Williams Company (NYSE:SHW) has a beta value of 1.07 and has seen 0.79 million shares traded in the last trading session. The company, currently valued at $81.28B, closed the last trade at $307.43 per share which meant it lost -$1.27 on the day or -0.41% during that session. The SHW stock price is -0.83% off its 52-week high price of $309.98 and 29.07% above the 52-week low of $218.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.76 million shares traded. The 3-month trading volume is 997.15K shares.
The consensus among analysts is that The Sherwin-Williams Company (SHW) is an Overweight stock at the moment, with a recommendation rating of 2.20. 1 analysts rate the stock as a Sell, while 2 rate it as Overweight. 11 out of 28 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.73.
The Sherwin-Williams Company (NYSE:SHW) trade information
Sporting -0.41% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the SHW stock price touched $307.43 or saw a rise of 0.97%. Year-to-date, The Sherwin-Williams Company shares have moved 25.50%, while the 5-day performance has seen it change 1.51%. Over the past 30 days, the shares of The Sherwin-Williams Company (NYSE:SHW) have changed 3.98%. Short interest in the company has seen 3.09 million shares shorted with days to cover at 2.85.
Wall Street analysts have a consensus price target for the stock at $315.52, which means that the shares’ value could jump 2.56% from current levels. The projected low price target is $278.00 while the price target rests at a high of $350.00. In that case, then, we find that the current price level is -13.85% off the targeted high while a plunge would see the stock lose 9.57% from current levels.
The Sherwin-Williams Company (SHW) estimates and forecasts
Figures show that The Sherwin-Williams Company shares have underperformed across the wider relevant industry. The company’s shares have gained 34.03% over the past 6 months, with this year growth rate of 14.53%, compared to 15.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -1.10% and 15.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 10.80%.
17 analysts offering their estimates for the company have set an average revenue estimate of $5.52 billion for the current quarter. 17 have an estimated revenue figure of $4.87 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $5.12 billion and $4.49 billion respectively for this quarter and the next, and analysts expect sales will grow by 7.80% for the current quarter and 8.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 14.70% over the past 5 years. Earnings growth for 2021 is a modest 33.90% while over the next 5 years, the company’s earnings are expected to increase by 11.87%.
The Sherwin-Williams Company is expected to release its next earnings report between October 25 and October 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.20 at a share yield of 0.72%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.87%.
The Sherwin-Williams Company (NYSE:SHW)’s Major holders
Insiders own 8.77% of the company shares, while shares held by institutions stand at 78.42% with a share float percentage of 85.95%. Investors are also buoyed by the number of investors in a company, with The Sherwin-Williams Company having a total of 1,735 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 20.66 million shares worth more than $5.63 billion. As of Jun 29, 2021, Vanguard Group, Inc. (The) held 7.85% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 17.35 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $4.73 billion and represent 6.59% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard 500 Index Fund and Fidelity Contrafund Inc. As of Jun 29, 2021, the former fund manager holds about 1.89% shares in the company for having 4.97 million shares of worth $1.35 billion while later fund manager owns 3.02 million shares of worth $855.66 million as of May 30, 2021, which makes it owner of about 1.15% of company’s outstanding stock.