The Sherwin-Williams Company (NYSE:SHW) is Fiera Capital Corp's 10th Largest Position

Key Points

• Fiera Capital Corp reduced its stake in The Sherwin-Williams Company by 17.5%, selling 390,136 shares and now holds 1,835,515 shares, which accounts for 2.3% of its portfolio.
• Sherwin-Williams' quarterly earnings missed analysts' estimates, reporting $3.38 EPS compared to the expected $3.76, despite a net revenue of $6.31 billion.
• The company's board announced a quarterly dividend of $0.79 per share, equivalent to an annualized dividend of $3.16 and a yield of 0.94%.

Fiera Capital Corp reduced its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,835,515 shares of the specialty chemicals company's stock after selling 390,136 shares during the period. Sherwin-Williams makes up approximately 2.3% of Fiera Capital Corp's investment portfolio, making the stock its 10th biggest position. Fiera Capital Corp owned 0.73% of Sherwin-Williams worth $640,943,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth $27,000. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams during the first quarter worth $27,000. Synergy Investment Management LLC increased its holdings in Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 70 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in Sherwin-Williams in the first quarter valued at $30,000. Finally, HWG Holdings LP acquired a new stake in Sherwin-Williams in the first quarter valued at $46,000. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on SHW shares. Loop Capital decreased their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Citigroup decreased their price objective on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company decreased their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Morgan Stanley decreased their price objective on Sherwin-Williams from $405.00 to $385.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, BMO Capital Markets decreased their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $383.33.

Sherwin-Williams Stock Up 3.9%

Shares of SHW stock traded up $12.91 on Friday, reaching $343.79. 2,344,159 shares of the company were exchanged, compared to its average volume of 1,761,606. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42. The company has a market cap of $85.72 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 3.14 and a beta of 1.18. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.78 and a quick ratio of 0.48. The company has a 50-day moving average of $346.33 and a 200-day moving average of $348.07.

Sherwin-Williams (NYSE:SHW - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.76 by ($0.38). Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.31 billion. During the same period in the previous year, the business posted $3.70 EPS. Sherwin-Williams's revenue was up .6% compared to the same quarter last year. Analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.16 annualized dividend and a yield of 0.9%. Sherwin-Williams's dividend payout ratio (DPR) is presently 31.35%.

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.