Fiera Capital Corp Lowers Stock Position in The Sherwin-Williams Company $SHW

Fiera Capital Corp cut its position in The Sherwin-Williams Company (NYSE:SHW) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,764,014 shares of the specialty chemicals company’s stock after selling 25,875 shares during the period. Sherwin-Williams comprises 2.0% of Fiera Capital Corp’s portfolio, making the stock its 11th largest holding. Fiera Capital Corp owned approximately 0.71% of Sherwin-Williams worth $610,807,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Vanguard Group Inc. raised its holdings in Sherwin-Williams by 1.4% during the third quarter. Vanguard Group Inc. now owns 22,637,705 shares of the specialty chemicals company’s stock valued at $7,838,532,000 after acquiring an additional 309,153 shares during the period. Geode Capital Management LLC grew its position in shares of Sherwin-Williams by 1.8% during the second quarter. Geode Capital Management LLC now owns 5,111,157 shares of the specialty chemicals company’s stock worth $1,746,222,000 after purchasing an additional 90,482 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Sherwin-Williams by 9.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,887,808 shares of the specialty chemicals company’s stock worth $1,334,918,000 after purchasing an additional 351,453 shares in the last quarter. Norges Bank bought a new stake in Sherwin-Williams during the 2nd quarter valued at approximately $1,296,565,000. Finally, JPMorgan Chase & Co. lifted its holdings in Sherwin-Williams by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,052,021 shares of the specialty chemicals company’s stock worth $1,056,811,000 after purchasing an additional 12,715 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sherwin-Williams news, insider Colin M. Davie sold 2,976 shares of Sherwin-Williams stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $359.50, for a total transaction of $1,069,872.00. Following the completion of the transaction, the insider directly owned 5,365 shares of the company’s stock, valued at $1,928,717.50. The trade was a 35.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Stock Down 2.2%

Shares of NYSE SHW opened at $357.67 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 2.03. The Sherwin-Williams Company has a 12-month low of $308.84 and a 12-month high of $379.65. The firm’s 50-day moving average price is $346.10 and its 200-day moving average price is $346.28. The stock has a market capitalization of $88.66 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 3.16 and a beta of 1.25.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 29th. The specialty chemicals company reported $2.23 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities research analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Increases Dividend

The business 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 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. This is a boost from Sherwin-Williams’s previous quarterly dividend of $0.79. Sherwin-Williams’s payout ratio is currently 30.77%.

Wall Street Analysts Forecast Growth

SHW has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $390.00 price objective on shares of Sherwin-Williams and gave the company an “outperform” rating in a report on Friday, January 30th. Citigroup restated a “buy” rating on shares of Sherwin-Williams in a research report on Monday, January 19th. Zacks Research downgraded shares of Sherwin-Williams from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. JPMorgan Chase & Co. boosted their price target on shares of Sherwin-Williams from $378.00 to $385.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Vertical Research raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a report on Wednesday, January 7th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $387.67.

About Sherwin-Williams

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.