The Sherwin-Williams Company (NYSE:SHW) is Fiera Capital Corp's 9th Largest Position

Fiera Capital Corp reduced its stake in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,300,330 shares of the specialty chemicals company's stock after selling 27,827 shares during the period. Sherwin-Williams makes up approximately 2.6% of Fiera Capital Corp's holdings, making the stock its 9th largest holding. Fiera Capital Corp owned approximately 0.91% of Sherwin-Williams worth $877,967,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SHW. Valued Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 32 shares during the last quarter. HHM Wealth Advisors LLC lifted its position in shares of Sherwin-Williams by 102.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company's stock worth $27,000 after purchasing an additional 45 shares during the period. Semmax Financial Advisors Inc. boosted its holdings in shares of Sherwin-Williams by 136.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 60 shares in the last quarter. VitalStone Financial LLC raised its position in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company's stock worth $33,000 after purchasing an additional 77 shares during the period. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Sherwin-Williams by 47.5% during the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company's stock valued at $33,000 after buying an additional 28 shares during the last quarter. Institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded up $3.00 on Friday, hitting $387.00. 2,209,491 shares of the company traded hands, compared to its average volume of 1,642,280. The business has a 50-day simple moving average of $374.21 and a 200 day simple moving average of $338.89. The Sherwin-Williams Company has a 52 week low of $251.69 and a 52 week high of $392.57. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.51 and a current ratio of 0.83. The stock has a market capitalization of $97.47 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 3.07 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a net margin of 11.09% and a return on equity of 74.45%. The company had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same period in the prior year, the firm posted $3.20 earnings per share. The firm's revenue for the quarter was up .7% compared to the same quarter last year. Research analysts expect that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be given a $0.715 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.74%. Sherwin-Williams's payout ratio is 28.49%.

Insider Transactions at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the sale, the chief financial officer now owns 63,520 shares of the company's stock, valued at approximately $23,301,041.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on SHW. JPMorgan Chase & Co. increased their price objective on shares of Sherwin-Williams from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. UBS Group reiterated an "underperform" rating on shares of Sherwin-Williams in a research note on Friday, October 18th. Royal Bank of Canada cut their price target on shares of Sherwin-Williams from $455.00 to $446.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Redburn Atlantic upgraded Sherwin-Williams to a "strong-buy" rating in a research report on Thursday, July 18th. Finally, Barclays raised their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $396.47.

About Sherwin-Williams

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.