Mercer Global Advisors Inc. ADV Acquires 2,824 Shares of The Sherwin-Williams Company (NYSE:SHW)

Posted by on May 15th, 2023

Mercer Global Advisors Inc. ADV increased its stake in The Sherwin-Williams Company (NYSE:SHW – Get Rating) by 24.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,541 shares of the specialty chemicals company’s stock after acquiring an additional 2,824 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Sherwin-Williams were worth $3,451,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SHW. Sustainable Growth Advisers LP boosted its position in shares of Sherwin-Williams by 8.8% during the 4th quarter. Sustainable Growth Advisers LP now owns 1,311,604 shares of the specialty chemicals company’s stock worth $311,283,000 after purchasing an additional 105,705 shares in the last quarter. Farallon Capital Management LLC increased its holdings in shares of Sherwin-Williams by 20.4% during the third quarter. Farallon Capital Management LLC now owns 1,279,492 shares of the specialty chemicals company’s stock valued at $261,976,000 after acquiring an additional 216,900 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Sherwin-Williams by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,240,241 shares of the specialty chemicals company’s stock valued at $309,590,000 after purchasing an additional 27,057 shares during the period. Invesco Ltd. grew its position in Sherwin-Williams by 6.6% in the 1st quarter. Invesco Ltd. now owns 1,089,844 shares of the specialty chemicals company’s stock valued at $272,045,000 after purchasing an additional 67,327 shares during the period. Finally, UBS Group AG boosted its position in shares of Sherwin-Williams by 4.6% during the fourth quarter. UBS Group AG now owns 1,084,733 shares of the specialty chemicals company’s stock valued at $257,440,000 after buying an additional 47,961 shares during the last quarter. Institutional investors own 76.03% of the company’s stock.

Insider Activity at Sherwin-Williams

In related news, SVP Bryan J. Young sold 2,750 shares of Sherwin-Williams stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $220.76, for a total transaction of $607,090.00. Following the completion of the sale, the senior vice president now owns 7,955 shares of the company’s stock, valued at $1,756,145.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SHW. StockNews.com initiated coverage on shares of Sherwin-Williams in a research note on Thursday, March 16th. They issued a “buy” rating for the company. Mizuho boosted their target price on Sherwin-Williams from $263.00 to $268.00 in a research note on Wednesday, April 26th. Citigroup decreased their price target on Sherwin-Williams from $270.00 to $251.00 and set a “neutral” rating for the company in a research report on Friday, January 27th. Barclays upped their price objective on Sherwin-Williams from $220.00 to $240.00 in a research note on Thursday, April 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $260.00 to $235.00 and set an “overweight” rating for the company in a research report on Friday, January 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $257.83.

Sherwin-Williams Stock Performance

Shares of SHW opened at $227.43 on Monday. The stock’s 50-day simple moving average is $224.40 and its 200 day simple moving average is $232.81. The stock has a market capitalization of $58.65 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.57 and a current ratio of 1.00. The Sherwin-Williams Company has a 52-week low of $195.24 and a 52-week high of $278.31.

Sherwin-Williams (NYSE:SHW – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The specialty chemicals company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.20. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Sherwin-Williams had a return on equity of 86.29% and a net margin of 9.41%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 earnings per share. Research analysts forecast that The Sherwin-Williams Company will post 8.68 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be issued a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 18th. Sherwin-Williams’s payout ratio is 29.69%.

About Sherwin-Williams

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The Sherwin-Williams Co engages in the development, manufacture, distribution, and sale of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor coverings.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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