The Sherwin-Williams Company (NYSE:SHW) Position Cut by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. reduced its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,336 shares of the specialty chemicals company's stock after selling 2,019 shares during the period. Mawer Investment Management Ltd. owned about 0.13% of Sherwin-Williams worth $124,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHW. Nations Financial Group Inc. IA ADV raised its stake in shares of Sherwin-Williams by 13.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,818 shares of the specialty chemicals company's stock worth $694,000 after buying an additional 209 shares during the last quarter. Tamar Securities LLC lifted its holdings in shares of Sherwin-Williams by 3.4% in the third quarter. Tamar Securities LLC now owns 48,753 shares of the specialty chemicals company's stock valued at $18,608,000 after purchasing an additional 1,604 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Sherwin-Williams by 7.9% in the second quarter. Valeo Financial Advisors LLC now owns 2,636 shares of the specialty chemicals company's stock valued at $787,000 after purchasing an additional 193 shares during the last quarter. Transcend Capital Advisors LLC raised its position in shares of Sherwin-Williams by 24.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 7,805 shares of the specialty chemicals company's stock worth $2,329,000 after purchasing an additional 1,514 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Sherwin-Williams by 4.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 98,118 shares of the specialty chemicals company's stock valued at $37,449,000 after buying an additional 4,074 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SHW shares. Evercore ISI boosted their price target on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Citigroup reduced their target price on shares of Sherwin-Williams from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group lifted their price target on shares of Sherwin-Williams from $392.00 to $415.00 and gave the stock a "buy" rating in a report on Monday, August 26th. The Goldman Sachs Group increased their target price on Sherwin-Williams from $344.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Sherwin-Williams in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and an average target price of $396.47.

Insider Buying and Selling

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 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 in the company, valued at approximately $23,301,041.60. This trade represents a 18.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Sherwin-Williams Stock Down 1.0 %

Shares of Sherwin-Williams stock traded down $3.64 on Monday, hitting $375.35. 1,452,639 shares of the company's stock traded hands, compared to its average volume of 1,633,714. The Sherwin-Williams Company has a 52-week low of $269.28 and a 52-week high of $392.57. The company has a quick ratio of 0.51, a current ratio of 0.83 and a debt-to-equity ratio of 1.97. The stock has a market cap of $94.53 billion, a P/E ratio of 37.75, a PEG ratio of 3.05 and a beta of 1.17. The firm's 50-day moving average is $376.42 and its 200 day moving average is $342.26.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.19). The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.20 billion. Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.20 earnings per share. Equities analysts anticipate that The Sherwin-Williams Company will post 11.32 earnings per share for the current year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 15th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, November 15th. Sherwin-Williams's dividend payout ratio is presently 28.49%.

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.