The Sherwin-Williams Company (NYSE:SHW) traded at $248.72 at last check on Wednesday, November 23, made an upward move of 2.16% on its previous day’s price.
Looking at the stock we see that its previous close was $243.45 and the beta (5Y monthly) reads 1.06 with the day’s price range being $235.62 – $243.58. The company has a trailing 12-month PE ratio of 32.93. In terms of its 52-week price range, SHW has a high of $354.15 and a low of $195.24. The company’s stock has gained about 14.55% over that past 30 days.
The Sherwin-Williams Company has a market cap of $62.32 billion and is expected to release its quarterly earnings report on Jan 25, 2023 – Jan 30, 2023. With its Forward Dividend at 2.40 and a yield of 0.99%, the company’s investors could be anxious for the SHW stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.87, with the EPS growth for the year raised at $8.72 for 2022 and $10.23 for next year. These figures represent 7.00% and 17.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.26 billion, with a low of $5.18 billion and a high of $5.48 billion. The median projection represents growth squeezing down to 10.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $22.16 billion, or 11.10% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SHW stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note that the PEG ratio for the SHW stock currently stands at 2.87, and the most recent price level today is 8.42% off its SMA20 and 13.66% from its 50-day simple moving average. The RSI (14) is pointing at 68.22 while the volatility over the past week is 2.67% and jumps to 2.98% over the past one month. The beta value is 1.07, while the average true range (ATR) is currently pointing at 7.86.
Let’s briefly compare The Sherwin-Williams Company (SHW) stock to its peers. We find that today’s price change of 2.16% and -26.18% over the past 12 months for SHW competes that of The Home Depot Inc. (HD), which has seen its stock price rise 0.06% in the latest trading session and is -20.53% over the last one year. Another of its peers Lowe’s Companies Inc. (LOW) has dropped -0.75% today, and was -15.01% down over the past year, while Target Corporation (TGT) is also up 3.24% yet, while its price remains in the red at -35.45% over the same period. The Sherwin-Williams Company has a P/E ratio of 32.93 compared to The Home Depot Inc.’s 19.58 and Lowe’s Companies Inc.’s 21.03. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.55% and 0.28%, respectively, in early deals.
Coming back to The Sherwin-Williams Company (NYSE:SHW), we note that the average 3-month trading volume was 1.56 million, while that of the preceding 10-day period stands at 1.83 million. Current shares outstanding are 257.70 million.
The insiders hold 0.10% of the company’s shares while institutions hold 79.20%. The data shows that short shares as of Oct 30, 2022, stood at 1.78 million at a short ratio of 1.12. This represents a 0.69% short interest in shares outstanding on Oct 30, 2022. Shares short fall in October from the previous month at 1.96 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -30.87% down in year-to-date price movement.