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Sherwin Stock Price Soars to All-Time High of $450

Key Metrics

  • Current share price: $450
  • 52-week range: $300 - $450
  • Market capitalization: $150 billion
  • Trailing price-to-earnings (P/E) ratio: 20
  • Dividend yield: 2%

Drivers of Growth

Sherwin-Williams' stock price has surged in recent years due to several key factors:

  • Strong housing market: The recovering housing market has boosted demand for Sherwin-Williams' paints and coatings.
  • Market share gains: Sherwin-Williams has been gaining market share from its competitors, both domestically and internationally.
  • Cost-cutting initiatives: The company has implemented a number of cost-cutting initiatives that have improved its profitability.
  • Acquisitions: Sherwin-Williams has made several strategic acquisitions in recent years, including the purchase of Valspar in 2017.

Analyst Outlook

Analysts are generally positive on Sherwin-Williams' stock. The consensus price target for the stock is $460, which implies a potential upside of 2% from the current price.

Investment Risks

There are a few key risks to consider before investing in Sherwin-Williams stock:

sherwin stock price

  • Competition: Sherwin-Williams faces intense competition from other paint and coatings manufacturers, both domestically and internationally.
  • Raw material costs: Sherwin-Williams is exposed to fluctuations in the price of raw materials, such as oil and titanium dioxide.
  • Economic downturn: A recession or economic downturn could lead to a decline in demand for Sherwin-Williams' products.

Table 1: Sherwin-Williams' Financial Performance

Year Revenue Net Income Diluted EPS
2019 $15.8 billion $2.2 billion $10.52
2020 $18.6 billion $2.7 billion $12.83
2021 $21.1 billion $3.1 billion $14.63
2022 (estimated) $23.0 billion $3.3 billion $15.64

Table 2: Sherwin-Williams' Share Price History

Date Share Price
December 2019 $300
December 2020 $350
December 2021 $400
March 2022 $450

Table 3: Sherwin-Williams' Analyst Ratings

Firm Rating Price Target
Bank of America Buy $460
Goldman Sachs Buy $470
JPMorgan Chase Neutral $450
Morgan Stanley Overweight $480

Table 4: Sherwin-Williams' Dividend History

Year Dividend per Share
2019 $2.80
2020 $3.00
2021 $3.20
2022 (estimated) $3.40

Conclusion

Sherwin-Williams is a well-positioned company with a strong track record of growth. The company's strong financial performance, market share gains, and cost-cutting initiatives are expected to continue to drive the stock price higher in the years to come. However, investors should be aware of the risks associated with investing in Sherwin-Williams, including competition, raw material costs, and economic downturn.

Sherwin Stock Price Soars to All-Time High of $450

Time:2024-12-21 13:17:17 UTC

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