Sherwin-Williams Co (NYSE:SHW) shares, rose in value, with the stock price down by -0.28% to the previous day’s close as strong demand from buyers drove the stock to $352.59.
Actively observing the price movement in the recent trading, the stock is buoying the session at $353.57. The PE ratio was 33.36 over 12-month period. Referring to stock’s 52-week performance, its high was $400.42, and the low was $282.09. On the whole, SHW has fluctuated by 4.86% over the past month.
With the market capitalization of Sherwin-Williams Co currently standing at about $88.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.93, with its dividend yield at 0.83%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 23.46B, with a low estimate of 6.21B and a high estimate of 6.51B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.31B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SHW’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.38, with the price of SHW currently trading nearly 2.98% and 2.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.49, while the 7-day volatility ratio is showing 1.60% which for the 30-day chart, stands at 2.83%. Furthermore, Sherwin-Williams Co (SHW)’s beta value is 1.23, and its average true range (ATR) is 8.81.
A comparison of Sherwin-Williams Co (SHW) with its peers suggests the former has fared considerably weaker in the market. SHW showed an intraday change of -0.28% in today’s session so far, and over the past year, it grew by 10.62%%.
Data on historical trading for Sherwin-Williams Co (NYSE:SHW) indicates that the trading volumes over the past 3 months, they’ve averaged 1.95 million. According to company’s latest data on outstanding shares, there are 250.60 million shares outstanding.
Nearly 7.08% of Sherwin-Williams Co’s shares belong to company insiders and institutional investors own 81.69% of the company’s shares. The stock has risen by 3.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SHW stock heading into the next quarter.
