The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 302,701 shares of the specialty chemicals company’s stock after selling 23,687 shares during the period. Mackenzie Financial Corp owned approximately 0.12% of Sherwin-Williams worth $94,412,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. FMR LLC lifted its position in Sherwin-Williams by 65.4% in the third quarter. FMR LLC now owns 5,427,014 shares of the specialty chemicals company’s stock valued at $1,384,160,000 after purchasing an additional 2,146,102 shares during the period. Norges Bank acquired a new stake in Sherwin-Williams in the fourth quarter valued at about $498,336,000. Morgan Stanley lifted its position in Sherwin-Williams by 50.9% in the fourth quarter. Morgan Stanley now owns 5,180,068 shares of the specialty chemicals company’s stock valued at $1,229,386,000 after purchasing an additional 1,747,586 shares during the period. Alphinity Investment Management Pty Ltd acquired a new stake in Sherwin-Williams in the fourth quarter valued at about $432,737,000. Finally, PineStone Asset Management Inc. lifted its position in Sherwin-Williams by 263.7% in the third quarter. PineStone Asset Management Inc. now owns 921,772 shares of the specialty chemicals company’s stock valued at $235,098,000 after purchasing an additional 668,305 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Down 1.3 %

Shares of SHW opened at $313.97 on Tuesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.83 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $328.68 and a 200-day simple moving average of $296.45. The Sherwin-Williams Company has a 1-year low of $221.76 and a 1-year high of $348.37. The stock has a market cap of $79.89 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

Sherwin-Williams (NYSE:SHW) last released its earnings results on Thursday, January 25th. The specialty chemicals company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.80 by $0.01. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Sherwin-Williams had a net margin of 10.36% and a return on equity of 74.72%. Sherwin-Williams’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $1.89 EPS. Equities analysts forecast that The Sherwin-Williams Company will post 11.44 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Monday, February 26th were paid a $0.715 dividend. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.61. This represents a $2.86 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, February 23rd. Sherwin-Williams’s payout ratio is presently 30.92%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SHW. UBS Group upgraded shares of Sherwin-Williams from a “neutral” rating to a “buy” rating and raised their price objective for the company from $312.00 to $402.00 in a research report on Thursday, March 7th. Barclays raised their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Evercore ISI raised their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Citigroup increased their target price on shares of Sherwin-Williams from $360.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Argus increased their target price on shares of Sherwin-Williams from $330.00 to $378.00 and gave the company a “buy” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.50.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Sherwin-Williams news, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now owns 14,564 shares in the company, valued at approximately $4,935,302.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Todd D. Rea sold 2,449 shares of Sherwin-Williams stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $313.54, for a total transaction of $767,859.46. Following the transaction, the insider now owns 9,329 shares in the company, valued at approximately $2,925,014.66. The disclosure for this sale can be found here. In the last three months, insiders sold 32,050 shares of company stock valued at $10,340,237. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Company Profile

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.