The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Fiera Capital Corp

Fiera Capital Corp trimmed its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,225,651 shares of the specialty chemicals company’s stock after selling 74,679 shares during the period. Sherwin-Williams makes up approximately 2.4% of Fiera Capital Corp’s investment portfolio, making the stock its 10th largest holding. Fiera Capital Corp’s holdings in Sherwin-Williams were worth $756,566,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC raised its position in shares of Sherwin-Williams by 135.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 238 shares of the specialty chemicals company’s stock worth $91,000 after buying an additional 137 shares in the last quarter. Grove Bank & Trust raised its holdings in Sherwin-Williams by 24.9% during the third quarter. Grove Bank & Trust now owns 211 shares of the specialty chemicals company’s stock worth $81,000 after purchasing an additional 42 shares in the last quarter. Creative Planning lifted its position in Sherwin-Williams by 11.6% in the third quarter. Creative Planning now owns 45,997 shares of the specialty chemicals company’s stock worth $17,556,000 after purchasing an additional 4,770 shares during the period. Swedbank AB boosted its stake in Sherwin-Williams by 4.2% during the 3rd quarter. Swedbank AB now owns 117,055 shares of the specialty chemicals company’s stock valued at $44,676,000 after purchasing an additional 4,681 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of Sherwin-Williams during the 3rd quarter valued at $201,000. 77.67% of the stock is currently owned by institutional investors.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $355.38 on Thursday. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The stock has a market cap of $89.50 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 3.15 and a beta of 1.22. The business has a fifty day simple moving average of $354.72 and a 200-day simple moving average of $365.19.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.02. Sherwin-Williams had a return on equity of 74.50% and a net margin of 11.61%. During the same quarter last year, the firm posted $1.81 earnings per share. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SHW shares. Barclays upped their price objective on Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Zelman & Associates raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and increased their target price for the company from $321.00 to $420.00 in a research note on Friday, January 24th. Finally, Morgan Stanley decreased their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Sherwin-Williams currently has an average rating of “Moderate Buy” and a consensus price target of $400.00.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total value of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares in the company, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the transaction, the senior vice president now directly owns 6,329 shares in the company, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

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.