The Sherwin-Williams Company (SHW) recently declared a
dividend of $0.715 per share, with its stocks seeing a
1.2% increase since the last earnings report. This comes despite perceptions from Wall Street analysts that its recent earnings have been out of tune with its price. The company also missed Q1 earnings, resulting in Sherwin-Williams' shares being purchased by firms like
Mizuho Markets Americas LLC and TD Asset Management Inc. Its dividends, along with its long-term growth, seem to explain the bullish outlook. Additionally, Empowered Funds LLC and QRG Capital Management Inc. have increased their holdings in the company. Despite missing estimates for Q1 2024 earnings, the company insists on a
healthy balance sheet. On the other hand, some analysts mention possible weakness continuing into Q2, coupled with underperforming stocks compared to competitors. Nonetheless, institutions heavily dominate the company's ownership with a 79% stake. Sherwin-Williams is expected to announce its second quarter 2024 financial results on July 23, 2024.
Sherwin-Williams SHW News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sat, 20 Jul 2024 22:06:44 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -4
