Mawer Investment Management Ltd. Buys New Stake in Sherwin-Williams Co (NYSE:SHW)

Mawer Investment Management Ltd. bought a new position in Sherwin-Williams Co (NYSE:SHW) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,660 shares of the specialty chemicals company’s stock, valued at approximately $21,719,000. Mawer Investment Management Ltd. owned approximately 0.06% of Sherwin-Williams as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. increased its stake in shares of Sherwin-Williams by 0.3% in the second quarter. Alps Advisors Inc. now owns 1,544 shares of the specialty chemicals company’s stock worth $542,000 after purchasing an additional 4 shares in the last quarter. BRYN MAWR TRUST Co increased its stake in shares of Sherwin-Williams by 0.7% in the second quarter. BRYN MAWR TRUST Co now owns 1,030 shares of the specialty chemicals company’s stock worth $361,000 after purchasing an additional 7 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Sherwin-Williams by 0.5% during the second quarter. IFP Advisors Inc now owns 1,708 shares of the specialty chemicals company’s stock worth $599,000 after acquiring an additional 9 shares during the last quarter. Valmark Advisers Inc. boosted its position in shares of Sherwin-Williams by 0.3% during the second quarter. Valmark Advisers Inc. now owns 3,671 shares of the specialty chemicals company’s stock worth $1,288,000 after acquiring an additional 10 shares during the last quarter. Finally, Legacy Capital Partners Inc. boosted its position in shares of Sherwin-Williams by 2.2% during the second quarter. Legacy Capital Partners Inc. now owns 752 shares of the specialty chemicals company’s stock worth $264,000 after acquiring an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

In other news, insider Robert J. Davisson sold 8,800 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the completion of the sale, the insider now owns 14,812 shares of the company’s stock, valued at $5,777,716.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $389.26, for a total transaction of $924,881.76. Following the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. In the last three months, insiders sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is owned by insiders.

A number of brokerages recently weighed in on SHW. Northcoast Research restated a “buy” rating and set a $435.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a research report on Friday, October 6th. Moffett Nathanson assumed coverage on shares of Sherwin-Williams in a research report on Monday. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Vertical Research restated a “hold” rating and issued a $375.00 target price (up previously from $335.00) on shares of Sherwin-Williams in a report on Wednesday, October 4th. Finally, Jefferies Group raised their target price on shares of Sherwin-Williams from $364.00 to $400.00 and gave the stock a “hold” rating in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $402.32.

Shares of Sherwin-Williams Co (NYSE:SHW) traded up $5.28 during midday trading on Thursday, reaching $406.47. 375,936 shares of the company’s stock traded hands, compared to its average volume of 629,899. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07. The firm has a market cap of $37,924.57, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.26 and a beta of 1.22. Sherwin-Williams Co has a twelve month low of $265.14 and a twelve month high of $410.66.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.05. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The business’s quarterly revenue was up 37.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.23 EPS. sell-side analysts forecast that Sherwin-Williams Co will post 15.04 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, November 16th. Sherwin-Williams’s payout ratio is presently 29.90%.

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Sherwin-Williams Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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