Fiera Capital Corp Trims Stake in The Sherwin-Williams Company $SHW

Fiera Capital Corp lowered its position in The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,764,014 shares of the specialty chemicals company’s stock after selling 25,875 shares during the period. Sherwin-Williams makes up approximately 2.0% of Fiera Capital Corp’s investment portfolio, making the stock its 11th biggest holding. Fiera Capital Corp’s holdings in Sherwin-Williams were worth $610,807,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cordatus Wealth Management LLC grew its stake in Sherwin-Williams by 149.4% during the 3rd quarter. Cordatus Wealth Management LLC now owns 9,588 shares of the specialty chemicals company’s stock worth $3,320,000 after buying an additional 5,744 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Sherwin-Williams by 16.1% in the third quarter. Nordea Investment Management AB now owns 125,914 shares of the specialty chemicals company’s stock worth $43,536,000 after acquiring an additional 17,422 shares in the last quarter. Wealthfront Advisers LLC grew its stake in shares of Sherwin-Williams by 26.1% during the third quarter. Wealthfront Advisers LLC now owns 30,927 shares of the specialty chemicals company’s stock worth $10,709,000 after acquiring an additional 6,408 shares during the last quarter. Inscription Capital LLC acquired a new position in shares of Sherwin-Williams during the third quarter valued at about $1,069,000. Finally, Vanguard Group Inc. increased its holdings in shares of Sherwin-Williams by 1.1% during the second quarter. Vanguard Group Inc. now owns 22,328,552 shares of the specialty chemicals company’s stock valued at $7,666,732,000 after acquiring an additional 246,008 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 2.2%

Shares of SHW opened at $357.67 on Friday. The company has a market capitalization of $88.66 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 3.16 and a beta of 1.25. The Sherwin-Williams Company has a 52 week low of $308.84 and a 52 week high of $379.65. The stock’s 50-day moving average price is $346.10 and its 200-day moving average price is $346.28. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.07. Sherwin-Williams had a return on equity of 65.26% and a net margin of 10.90%.The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period last year, the business earned $2.09 earnings per share. Sherwin-Williams’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.9%. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Monday, March 2nd. Sherwin-Williams’s payout ratio is currently 30.77%.

Insider Buying and Selling

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $359.50, for a total value of $1,069,872.00. Following the completion of the transaction, the insider owned 5,365 shares in the company, valued at approximately $1,928,717.50. This represents a 35.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Royal Bank Of Canada set a $390.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating and set a $380.00 price objective on the stock. in a report on Thursday, January 22nd. UBS Group set a $420.00 target price on Sherwin-Williams in a research note on Friday, January 30th. Wells Fargo & Company set a $410.00 price target on Sherwin-Williams and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Vertical Research raised Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective on the stock in a report on Wednesday, January 7th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $387.67.

Sherwin-Williams Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.