Sherwin-Williams Stock Extends Capture of New Highs Pre-Earnings

SHW also announced a quarterly dividend last week

Apr 26, 2021 at 11:26 AM
facebook twitter linkedin

The Sherwin-Williams Company (NYSE:SHW) is an American company in the paint and coating industry. The company manufactures, distributes, and sells paints, coatings, floorcoverings, and related products. Sherwin-Williams provides to professional, industrial, commercial, and retail customers primarily in North and South America and Europe.

SHW has increased 61% over the past 12 months. About one year ago, Sherwin-Williams stock price bottomed out at a three-year low of $165.76. However, flashing forward to present-day performance, the painting name just this morning touched a fresh record high of $275. Year-to-date the the equity has tacked on 11%.

On April 21, Sherwin-Williams announced a quarterly dividend of $0.55 per common share payable on June 4 to shareholders of record on May 21. Sherwin-Williams stock currently offers a 0.80% dividend yield and a $2.20 forward dividend.

Sherwin-Williams is also slated to report quarterly earnings results before the open, tomorrow, April 27. SHW has outperformed earnings expectations 100% of the time over the past year. For the first quarter of 2020, Sherwin-Williams beat analyst estimates by a margin of $0.05 and reported an earnings per share (EPS) of $1.36. For the second quarter of 2020, Sherwin-Williams' EPS increased to $2.37 and beat expectations by a margin of $0.42. For the third quarter of 2020, SHW reported another increase in earnings, rising to $2.76 per share and beating estimates by a margin of $0.16. In the most recent quarterly report, Sherwin-Williams posted an EPS of $1.70 and beat expectations by a margin of $0.08. Wall Street is projecting that Sherwin-Williams will report an EPS of $1.64 tomorrow.

In general, there are quite a few better value stocks available in the market than SHW, but the company’s growth rate could trigger Sherwin-Williams stock to continue pushing for new highs. Sherwin-Williams stock's forward price-earnings ratio of 30.58 is an indicator that growth potential.



These investors are using the market's volatility to their advantage and scoring triple-digit gains on many of their trades.

Even in today's sideways bear market, this trading strategy has continued to provide consistency and profitability to a small group of investors. By using this approach, these traders are removing directional risk and still hitting triple-digit returns. If you want access to this strategy, and lower risk with higher returns sounds good to you, then don't wait another minute.

Join us now to receive our next trades the moment they come out!


Common mistakes options traders make


Special Offers from Schaeffer's Trading Partners