Analyzing Sherwin-Williams' Quarterly Dividend

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Part 5
Analyzing Sherwin-Williams' Quarterly Dividend PART 5 OF 5

Is Sherwin-Williams Stock the Best among Its Peers?

Stock performance

So far in 2017, Sherwin-Williams’ (SHW) stock performance has given its investors strong returns—compared to its peer group. From the beginning of 2017 to August 30, 2017, Sherwin-Williams has risen 25.80% and outperformed the SPDR S&P 500 ETF (SPY). SPY has returned 10.0% during the same period. Sherwin-Williams also outperformed its peers PPG Industries (PPG), RPM International (RPM), and Axalta (AXTA). They have returned 9.50%, -9.40%, and 7.90%, respectively.

Is Sherwin-Williams Stock the Best among Its Peers?

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Sherwin-Williams’ strong performance was primarily due to the completion of the Valspar acquisition. After the acquisition, Sherwin-Williams took over PPG Industries. In terms of revenue, Sherwin-Williams has become the number one coatings company in North America. The benefit of cost synergies will have a positive impact on its earnings growth in the coming years. Sherwin-Williams posted strong 1Q17 earnings and beat analysts’ estimate. However, its 2Q17 earnings fell marginally short of analysts’ estimate. Sherwin-Williams’ 2Q17 revenue was better than expected. All of these factors pushed the stock price up.

Moving average and RSI

Sherwin-Williams’ stock price has been falling since its 2Q17 earnings. Despite, a strong performance so far in 2017, the stock traded marginally below the 100-day moving average price of $338.06. Sherwin-Williams’ 14-day RSI (relative strength index) of 50 indicates that the stock isn’t overbought or oversold. An RSI of 30 and below indicates that the stock has moved into an oversold situation, while an RSI of 70 and above indicates that the stock is overbought.


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