Fiera Capital Corp Trims Stock Position in The Sherwin-Williams Company (NYSE:SHW)

Fiera Capital Corp lessened its position in shares of The Sherwin-Williams Company (NYSE:SHW) by 17.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,835,515 shares of the specialty chemicals company’s stock after selling 390,136 shares during the period. Sherwin-Williams comprises 2.3% of Fiera Capital Corp’s portfolio, making the stock its 10th largest position. Fiera Capital Corp owned 0.73% of Sherwin-Williams worth $640,943,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in Sherwin-Williams by 1.6% during the 4th quarter. FMR LLC now owns 6,588,755 shares of the specialty chemicals company’s stock worth $2,239,715,000 after buying an additional 106,093 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sherwin-Williams by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,829,702 shares of the specialty chemicals company’s stock worth $1,636,679,000 after purchasing an additional 96,571 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Sherwin-Williams by 2.0% in the 4th quarter. Alliancebernstein L.P. now owns 4,316,000 shares of the specialty chemicals company’s stock worth $1,467,138,000 after purchasing an additional 86,268 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Sherwin-Williams by 47.1% in the 4th quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company’s stock worth $1,019,329,000 after purchasing an additional 960,724 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Sherwin-Williams by 28.0% in the 4th quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company’s stock worth $926,590,000 after purchasing an additional 595,586 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Stock Down 1.1%

SHW opened at $336.29 on Tuesday. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The stock’s fifty day moving average is $347.64 and its 200-day moving average is $348.30. The company has a market capitalization of $84.27 billion, a PE ratio of 33.36, a P/E/G ratio of 3.21 and a beta of 1.18.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.38). Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the prior year, the firm posted $3.70 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, August 15th. Sherwin-Williams’s dividend payout ratio is presently 31.35%.

Analysts Set New Price Targets

Several analysts recently issued reports on SHW shares. Mizuho cut their price target on Sherwin-Williams from $400.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Loop Capital cut their price target on Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Morgan Stanley cut their price target on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Bank of America raised their price target on Sherwin-Williams from $289.00 to $296.00 and gave the stock an “underperform” rating in a report on Monday, June 23rd. Finally, UBS Group cut their price target on Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $383.33.

Sherwin-Williams Profile

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.