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Last $257.78 USD
Change Today -1.59 / -0.61%
Volume 236.6K
SHW On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:46 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

sherwin-williams co/the (SHW) Snapshot

Open
$258.44
Previous Close
$259.37
Day High
$259.91
Day Low
$256.61
52 Week High
05/19/15 - $294.35
52 Week Low
10/15/14 - $202.01
Market Cap
24.0B
Average Volume 10 Days
1.0M
EPS TTM
$9.77
Shares Outstanding
93.2M
EX-Date
08/12/15
P/E TM
26.4x
Dividend
$2.68
Dividend Yield
0.99%
Current Stock Chart for SHERWIN-WILLIAMS CO/THE (SHW)

sherwin-williams co/the (SHW) Details

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America. The company operates in four segments: Paint Stores Group, Consumer Group, Global Finishes Group, and Latin America Coatings Group. It provides architectural paint and coatings, protective and marine products, automotive finishes and refinish products, original equipment manufacturer product finishes, and related items. The company also licenses technology and trade names. As of December 31, 2014, its Paint Stores Group segment operated 4,003 company-operated specialty paint stores; Global Finishes Group segment operated 300 company-operated branches; and Latin America Coatings Group segment operated 276 company-operated stores. The company also sells its products through direct sales staff and outside sales representatives to retailers, dealers, jobbers, licensees and other third party distributors. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

39,674 Employees
Last Reported Date: 02/25/15
Founded in 1866

sherwin-williams co/the (SHW) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.2M
President and Chief Operating Officer
Total Annual Compensation: $849.4K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $640.7K
President of The Americas Group
Total Annual Compensation: $524.6K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $740.4K
Compensation as of Fiscal Year 2014.

sherwin-williams co/the (SHW) Key Developments

The Sherwin-Williams Company, Sherwin-Williams Canada Inc., Sherwin-Williams Luxembourg and Sherwin-Williams UK Holding Limited Enter into a New Five-Year $1.35 Billion Credit Agreement

On July 16, 2015, The Sherwin-Williams Company (Sherwin-Williams), Sherwin-Williams Canada Inc. (SW Canada), Sherwin-Williams Luxembourg S. r.l. (SW Luxembourg) and Sherwin-Williams UK Holding Limited entered into a new five-year $1.35 billion Credit Agreement with a syndicate of lenders, including Bank of America, N.A., acting as domestic administrative agent, Bank of America, National Association, acting as Canadian administrative agent, Wells Fargo Bank, National Association, acting as syndication agent, and JPMorgan Chase Bank, N.A., Citibank, N.A. and U.S. Bank National Association, acting as co-documentation agents. The New Credit Agreement provides that the Borrowers may increase the size of the facility, subject to the discretion of each lender to participate in such increase, up to an additional amount of $500 million. The New Credit Agreement will mature on July 16, 2020, and provides Sherwin-Williams with the right to request that the lenders extend the maturity date for two additional periods of one year each. The New Credit Agreement may be used for general corporate purposes, including to finance working capital requirements. The New Credit Agreement replaces (i) Sherwin-Williams' existing five-year $1.05 billion Credit Agreement, dated July 8, 2011 with a syndicate of lenders, including Bank of America, N.A., acting as administrative agent, Wells Fargo Bank, N.A., acting as syndication agent, and JPMorgan Chase Bank, N.A. and Citibank, N.A., acting as co-documentation agents; (ii) SW Canada's existing five-year CAD 75 million Credit Agreement, dated June 29, 2012 (the SW Canada Prior Credit Agreement) with Sherwin-Williams, as guarantor, and a syndicate of lenders, including KeyBank National Association, acting as joint lead arranger, sole bookrunner and administrative agent, and PNC Bank, National Association, acting as joint lead arranger and syndication agent; and (iii) SW Luxembourg's existing five-year 95 million Credit Agreement, dated September 19, 2012 (the SW Luxembourg Existing Credit Agreement, and together with the Sherwin-Williams Prior Credit Agreement and the SW Canada Prior Credit Agreement, the Existing Credit Agreements) with Sherwin-Williams, as guarantor, and a syndicate of lenders, including J.P. Morgan Europe Limited, acting as administrative agent and L/C issuer, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., acting as joint lead arrangers and bookrunners, and Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., acting as syndication agents. The Existing Credit Agreements were terminated effective July 16, 2015.

The Sherwin-Williams Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

The Sherwin-Williams Company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $3,132,139,000 compared to $3,042,995,000 a year ago due primarily to higher paint sales volume in Paint Stores and Consumer Groups. Income before income taxes was $507,782,000 compared to $429,230,000 a year ago. Net income was $349,937,000 or $3.70 per diluted share compared to $291,447,000 or $2.94 per diluted share a year ago. For the six months, the company reported net sales of $5,582,423,000 compared to $5,409,551,000 a year ago due primarily to higher paint sales volume in Paint Stores and Consumer Groups. Income before income taxes was $701,023,000 compared to $595,307,000 a year ago. Net income was $481,341,000 or $5.08 per diluted share compared to $406,904,000 or $4.06 per diluted share a year ago. The increases in second quarter and six month diluted net income per common share were due primarily to improved operating results of the Paint Stores and Consumer Groups. In the first six months of 2015, the company generated $349 million in net operating cash. For the third quarter, the company anticipates that consolidated net sales will increase 3% to 5% compared to last year's third quarter. At that anticipated sales level, the company estimates diluted net income per common share to be in the range of $3.75 to $3.90 per share compared to $3.35 per share earned in the third quarter of 2014. For the full year 2015, the company expects consolidated net sales to increase 3% to 5% compared to full year 2014. With annual sales at that level, the company is updating guidance that diluted net income per common share for 2015 to be in the range of $10.60 to $11.00 per share compared to $8.78 per share earned in 2014.

The Sherwin-Williams Seeks Acquisitions

The Sherwin-Williams Company (NYSE:SHW) is seeking acquisitions. Sean Hennessy, Sherwin-Williams' Chief Financial Officer, said "We feel at the end of the year, our debt to EBITDA will be just slightly above 1 and we're going to utilize that cash, in either acquisitions or buybacks."

 

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Industry Analysis

SHW

Industry Average

Valuation SHW Industry Range
Price/Earnings 26.1x
Price/Sales 2.1x
Price/Book 31.1x
Price/Cash Flow 25.3x
TEV/Sales 1.9x
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