Mackenzie Financial Corp Has $80.52 Million Position in The Sherwin-Williams Company (NYSE:SHW)

Mackenzie Financial Corp cut its holdings in The Sherwin-Williams Company (NYSE:SHW) by 18.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 269,812 shares of the specialty chemicals company’s stock after selling 62,286 shares during the quarter. Mackenzie Financial Corp’s holdings in Sherwin-Williams were worth $80,520,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Conning Inc. lifted its stake in Sherwin-Williams by 1.9% in the 2nd quarter. Conning Inc. now owns 1,606 shares of the specialty chemicals company’s stock valued at $479,000 after acquiring an additional 30 shares in the last quarter. Oxbow Advisors LLC lifted its position in shares of Sherwin-Williams by 4.5% in the second quarter. Oxbow Advisors LLC now owns 690 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 30 shares in the last quarter. Global X Japan Co. Ltd. boosted its holdings in Sherwin-Williams by 2.2% during the second quarter. Global X Japan Co. Ltd. now owns 1,403 shares of the specialty chemicals company’s stock worth $419,000 after purchasing an additional 30 shares during the last quarter. Optas LLC grew its position in Sherwin-Williams by 1.3% in the second quarter. Optas LLC now owns 2,424 shares of the specialty chemicals company’s stock valued at $723,000 after purchasing an additional 32 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in Sherwin-Williams by 2.9% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,173 shares of the specialty chemicals company’s stock valued at $350,000 after buying an additional 33 shares during the last quarter. 77.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was 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 directly owns 63,520 shares of the company’s stock, valued at $23,301,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 0.3 %

Shares of SHW opened at $382.73 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $96.55 billion, a PE ratio of 40.80, a P/E/G ratio of 3.00 and a beta of 1.17. The firm’s 50 day moving average is $358.47 and its 200-day moving average is $329.52. The Sherwin-Williams Company has a 12 month low of $232.06 and a 12 month high of $385.25.

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

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $0.715 dividend. 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 0.75%. Sherwin-Williams’s dividend payout ratio (DPR) is 30.49%.

Analysts Set New Price Targets

SHW has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Sherwin-Williams from $344.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets reissued an “outperform” rating and issued a $400.00 price objective (up previously from $386.00) on shares of Sherwin-Williams in a report on Wednesday, September 4th. UBS Group raised their target price on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays upped their price target on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $418.00 target price on shares of Sherwin-Williams in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and an average price target of $362.68.

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.