Sherwin-Williams (SHW) has been a topic of much discussion in the markets recently, seeing a variety of significant movements and events. Wall Street firms have raised their price target on the company, while its prowess in capital allocation has been praised. The company has seen a rally of 16% over the past three months and Legacy Advisors LLC has secured a new investment in the company. Sherwin-Williams has declared a dividend of $0.715 per common share and its stock reached a 52-week high recently. Despite some volatility, the general consensus appears to suggest strong momentum. Some suggest the company is among the best S&P 500 dividend aristocrats according to hedge funds. Additionally, they reported strong Q2 earnings results and significantly increased their dividend. However, some caution claim that Sherwin-Williams' price is out of tune with earnings, and there are institutional changes with Boston Financial Management LLC lowering its stock holdings. Despite some misses on Q1 earnings and sales estimates, the company upgraded the 2024 profit forecast anticipating upcoming residential demand.
Sherwin-Williams SHW News Analytics from Fri, 24 Nov 2023 08:00:00 GMT to Sun, 01 Sep 2024 09:36:27 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor -2
