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Stock Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams Declares Dividend of $0.84 per Common Share

[PR Newswire] – CLEVELAND, Feb. 17, 2016 /PRNewswire/ — The Board of Directors of The Sherwin-Williams Company (NYSE: SHW) today announced a regular quarterly dividend of $0.84 per common share, an increase of 25% over … Read more on this. The Sherwin-Williams Company (SHW) , valued at $24.12B, started the session at $261.77. During the trading session, SHW traded between $257.60 to $263.57 with its 52-week range being $218.27 to $294.35. Sherwin-Williams (SHW) shares are currently priced at 20.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 10.09x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.68 per share annually in dividends, yielding 1.04%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.60 per share, which would be $0.22 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $12.49 is a $1.33 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.48 Billion. If realized, that would be a 1.22% increase over the year-ago quarter. More recently, Goldman upgraded SHW from Neutral to Buy (Jan 20, 2016). Previously, Seaport Global Securities Initiated SHW at to Accumulate. When considering if perhaps the stock is under or overvalued, the average price target is $288.81, which is 10.33% above where the stock opened this morning. See more in (NYSE:SHW) Similar Articles: Stock Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams to Announce Year-End 2015 Financial Results on January 28, 2016 Market Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams Declares Dividend of $0.67 per Common Share; Board Approves 10 Million Share Stock Repurchase Authorization Stock Update: The Sherwin-Williams Company (NYSE:SHW) – Sherwin-Williams to Present at Credit Suisse Basic Materials Conference
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