#2 - Sherwin-Williams (NYSE:SHW)
If you’re the type of investor who thinks watching dividend stocks grow is as exciting as watching paint dry, The Sherwin-Williams Company (NYSE: SHW) may change your mind.
In the last five years, the company synonymous with paint has rewarded investors with a total return of over 113%. - that’s more than Walmart's total return over that time period. Sherwin-Williams has increased its dividend for 47 consecutive years and has increased it at a rate of approximately 10% over the last three years.
Of course, past performance is not an accurate predictor of future performance. And continued weakness in the housing market may be the reason SHW stock is up only 9% in 2024.
However, management reiterated its full-year guidance for single-digit growth in revenue and earnings for the rest of the year. The guidance was cautious and likely doesn’t reflect a potential boost for one or more interest rate cuts which could provide a boost to home improvement stocks that will roll into 2025.
About Sherwin-Williams
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.
Read More - Current Price
- $383.91
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $396.47 (3.3% Upside)
