Mercer Global Advisors Inc. ADV Sells 189 Shares of The Sherwin-Williams Company (NYSE:SHW)

Mercer Global Advisors Inc. ADV decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,378 shares of the specialty chemicals company’s stock after selling 189 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Sherwin-Williams were worth $5,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SHW. Waterloo Capital L.P. bought a new stake in shares of Sherwin-Williams during the 4th quarter valued at $360,000. Valeo Financial Advisors LLC grew its holdings in Sherwin-Williams by 7.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company’s stock valued at $787,000 after buying an additional 193 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Sherwin-Williams by 7.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,533 shares of the specialty chemicals company’s stock valued at $532,000 after buying an additional 103 shares during the period. Brevan Howard Capital Management LP lifted its holdings in shares of Sherwin-Williams by 259.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 6,998 shares of the specialty chemicals company’s stock worth $2,183,000 after buying an additional 5,049 shares in the last quarter. Finally, Transcend Capital Advisors LLC boosted its position in shares of Sherwin-Williams by 24.1% in the second quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company’s stock valued at $2,329,000 after acquiring an additional 1,514 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Performance

NYSE SHW opened at $378.52 on Friday. The firm has a market cap of $95.49 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 2.98 and a beta of 1.17. The company has a 50-day simple moving average of $353.82 and a two-hundred day simple moving average of $328.32. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a 12-month low of $232.06 and a 12-month high of $382.83.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.19. The business had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $3.29 EPS. On average, equities analysts forecast that The Sherwin-Williams Company will post 11.47 EPS for the current year.

Sherwin-Williams Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a dividend of $0.715 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.86 dividend on an annualized basis and a yield of 0.76%. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SHW has been the topic of several recent analyst reports. Barclays increased their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Evercore ISI increased their price objective on Sherwin-Williams from $365.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Royal Bank of Canada restated an “outperform” rating and set a $418.00 target price on shares of Sherwin-Williams in a research report on Friday, August 30th. UBS Group upped their target price on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, StockNews.com upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $362.68.

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.