SHERWIN-WILLIAMS CO. $202 (New York symbol SHW; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 100.3 million; Market cap: $20.3 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.1%; TSINetwork Rating: Above Average; www.sherwin-williams.com) has dropped its $2.3-billion offer to buy Mexican paint maker Comex, as regulators seemed unlikely to approve the deal. Sherwin did purchase Comex’s U.S. and Canadian operations and stores for $165 million in September 2013.
The new operations increased Sherwin’s revenue by 9.2% in the first quarter of 2014, to $2.4 billion from $2.2 billion a year earlier. However, costs to integrate the new stores cut its earnings by 0.6%, to $115.5 million from $116.2 million. Due to fewer shares outstanding, earnings per share rose 2.7%, to $1.14 from $1.11.
The company will likely earn $8.72 a share in 2014, up 20.1% from 2013, but the stock trades at a high 22.7 times that forecast.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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