The Sherwin-Williams Company (NYSE:SHW) Stock Holdings Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp cut its stake in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 23.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 303,066 shares of the specialty chemicals company's stock after selling 95,013 shares during the quarter. Mackenzie Financial Corp owned approximately 0.12% of Sherwin-Williams worth $105,828,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SHW. GAMMA Investing LLC grew its holdings in shares of Sherwin-Williams by 41,717.1% during the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after purchasing an additional 1,632,391 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Sherwin-Williams by 47.1% during the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Barclays PLC grew its holdings in Sherwin-Williams by 54.2% in the 4th quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock worth $704,855,000 after buying an additional 728,798 shares in the last quarter. Northern Trust Corp grew its holdings in Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock worth $926,590,000 after buying an additional 595,586 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Sherwin-Williams in the 4th quarter worth approximately $103,359,000. 77.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Mizuho decreased their price objective on Sherwin-Williams from $400.00 to $385.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. BMO Capital Markets decreased their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley decreased their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group decreased their price objective on Sherwin-Williams from $410.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $383.33.

Sherwin-Williams Stock Performance

SHW opened at $336.29 on Tuesday. The Sherwin-Williams Company has a 1-year low of $308.84 and a 1-year high of $400.42. The business has a 50 day moving average price of $347.64 and a two-hundred day moving average price of $348.30. The company has a market capitalization of $84.27 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 3.21 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48.

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

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.94%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

Sherwin-Williams 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.

Want to see what other hedge funds are holding SHW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Sherwin-Williams Company (NYSE:SHW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.