Mawer Investment Management Ltd. Has $105.75 Million Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Key Points

• Mawer Investment Management Ltd. reduced its stake in The Sherwin-Williams Company by 3.5% in the first quarter, selling 10,822 shares and holding a total of 302,855 shares valued at approximately $105.75 million.
• Recent research notes indicate that analysts have lowered target prices for Sherwin-Williams, with Mizuho's target now at $385, and the company maintains a consensus rating of "Moderate Buy".
• Sherwin-Williams reported a quarterly EPS of $3.38, missing expectations by $0.38, while announcing a dividend of $0.79 per share scheduled for September 5th.

Mawer Investment Management Ltd. decreased its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,855 shares of the specialty chemicals company's stock after selling 10,822 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.12% of Sherwin-Williams worth $105,754,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC increased its holdings in Sherwin-Williams by 2.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock valued at $388,000 after buying an additional 30 shares during the period. Opal Wealth Advisors LLC increased its stake in shares of Sherwin-Williams by 4.2% in the 1st quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after acquiring an additional 32 shares during the last quarter. YANKCOM Partnership increased its stake in Sherwin-Williams by 8.8% during the 1st quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock worth $147,000 after purchasing an additional 34 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in Sherwin-Williams by 4.9% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 755 shares of the specialty chemicals company's stock worth $264,000 after purchasing an additional 35 shares in the last quarter. Finally, Zhang Financial LLC boosted its position in Sherwin-Williams by 2.2% during the 1st quarter. Zhang Financial LLC now owns 1,696 shares of the specialty chemicals company's stock worth $592,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research reports. Loop Capital dropped their target price on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Citigroup lowered their target price on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company lowered their price target on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Mizuho cut their price target on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Finally, Bank of America boosted their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sherwin-Williams presently has an average rating of "Moderate Buy" and an average price target of $383.33.

Sherwin-Williams Stock Up 3.9%

Shares of Sherwin-Williams stock traded up $12.80 on Friday, hitting $343.68. 2,613,314 shares of the company traded hands, compared to its average volume of 1,763,568. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $400.42. The company has a 50-day moving average price of $346.33 and a 200 day moving average price of $348.07. The company has a market cap of $85.69 billion, a PE ratio of 34.12, a PEG ratio of 3.14 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm had revenue of $6.31 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the company posted $3.70 earnings per share. Sherwin-Williams's quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

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.