Sherwin-Williams (SHW) has seen various fluctuations in its market performance. It recently rose by 1.2% following its last earnings report, but it underperformed when compared to its competitors. The company also declared a dividend of $0.715 per common share. Despite the ups and downs, SHW is considered a strong growth stock for the long-term by several market analysts and has a healthy balance sheet. Recent news includes positive sales outlook for Q2 and achieving a 52-week high. The institutional investors, who control 79% of SHW have been rewarded recently. However, one downside was missing the Q1 earnings and revenue estimates. Despite a miss in the Q1 results, it is still a favorite amongst institutional investors, with an 80% holding. Moving forward, the company is expected to focus more on its earnings growth and balance sheet health. It's worth mentioning that Sherwin-Williams has had its price target raised to $365.00.
Sherwin-Williams SHW News Analytics from Mon, 28 Aug 2023 07:00:00 GMT to Fri, 24 May 2024 23:17:36 GMT - Rating 6 - Innovation 4 - Information 7 - Rumor -2
