Fiera Capital Corp Reduces Stake in The Sherwin-Williams Company (NYSE:SHW)

Fiera Capital Corp trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,225,651 shares of the specialty chemicals company's stock after selling 74,679 shares during the period. Sherwin-Williams accounts for about 2.4% of Fiera Capital Corp's investment portfolio, making the stock its 10th largest position. Fiera Capital Corp owned about 0.88% of Sherwin-Williams worth $756,566,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Sherwin-Williams by 18.2% in the third quarter. FMR LLC now owns 6,482,662 shares of the specialty chemicals company's stock worth $2,474,238,000 after acquiring an additional 999,164 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Sherwin-Williams by 40,317.4% in the third quarter. International Assets Investment Management LLC now owns 726,705 shares of the specialty chemicals company's stock worth $277,361,000 after acquiring an additional 724,907 shares during the last quarter. Mizuho Securities USA LLC boosted its position in shares of Sherwin-Williams by 1,717.9% in the third quarter. Mizuho Securities USA LLC now owns 326,903 shares of the specialty chemicals company's stock worth $124,769,000 after acquiring an additional 308,921 shares during the last quarter. Canoe Financial LP boosted its position in shares of Sherwin-Williams by 542.0% in the fourth quarter. Canoe Financial LP now owns 339,707 shares of the specialty chemicals company's stock worth $115,477,000 after acquiring an additional 286,791 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Sherwin-Williams by 47.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 864,558 shares of the specialty chemicals company's stock valued at $293,889,000 after buying an additional 278,242 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

SHW has been the topic of several research reports. Evercore ISI raised their price target on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Zelman & Associates upgraded shares of Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Barclays raised their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley cut their price target on shares of Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $400.00.

Sherwin-Williams Stock Down 1.2 %

Shares of NYSE:SHW traded down $4.20 during midday trading on Friday, reaching $356.93. The company had a trading volume of 1,871,972 shares, compared to its average volume of 1,544,402. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46. The stock's fifty day moving average price is $352.96 and its 200-day moving average price is $365.21. The stock has a market capitalization of $89.89 billion, a P/E ratio of 33.83, a PEG ratio of 3.15 and a beta of 1.22. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.02. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. During the same period last year, the firm earned $1.81 earnings per share. Equities research analysts expect that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

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.