Fiera Capital Corp lifted its holdings in The Sherwin-Williams Company (NYSE:SHW – Free Report) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,770,803 shares of the specialty chemicals company’s stock after acquiring an additional 6,789 shares during the quarter. Sherwin-Williams makes up about 1.8% of Fiera Capital Corp’s portfolio, making the stock its 11th biggest holding. Fiera Capital Corp’s holdings in Sherwin-Williams were worth $573,793,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Sherwin-Williams in the fourth quarter worth about $1,089,450,000. Viking Global Investors LP boosted its holdings in shares of Sherwin-Williams by 101.4% in the second quarter. Viking Global Investors LP now owns 1,957,750 shares of the specialty chemicals company’s stock worth $672,213,000 after buying an additional 985,520 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Sherwin-Williams by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 23,237,824 shares of the specialty chemicals company’s stock worth $7,529,752,000 after buying an additional 600,119 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Sherwin-Williams by 424.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 547,583 shares of the specialty chemicals company’s stock worth $177,433,000 after buying an additional 443,119 shares during the period. Finally, Capital World Investors boosted its holdings in shares of Sherwin-Williams by 37.2% in the fourth quarter. Capital World Investors now owns 1,323,131 shares of the specialty chemicals company’s stock worth $428,764,000 after buying an additional 358,857 shares during the period. Institutional investors and hedge funds own 77.67% of the company’s stock.
Sherwin-Williams Stock Performance
SHW stock opened at $305.21 on Monday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.53 and a current ratio of 0.86. The stock has a market cap of $75.28 billion, a P/E ratio of 29.29, a P/E/G ratio of 2.64 and a beta of 1.12. The firm has a 50 day simple moving average of $318.13 and a 200 day simple moving average of $332.83. The Sherwin-Williams Company has a 52 week low of $289.86 and a 52 week high of $379.65.
Sherwin-Williams Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 22nd. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.
Analysts Set New Price Targets
Several brokerages have commented on SHW. UBS Group cut shares of Sherwin-Williams from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $385.00 to $330.00 in a report on Tuesday, June 2nd. BMO Capital Markets set a $355.00 target price on shares of Sherwin-Williams and gave the stock an “outperform” rating in a report on Wednesday. Evercore reiterated an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. Citigroup began coverage on shares of Sherwin-Williams in a report on Thursday. They issued a “buy” rating and a $355.00 target price for the company. Finally, Zacks Research upgraded shares of Sherwin-Williams from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Sherwin-Williams has a consensus rating of “Moderate Buy” and a consensus target price of $365.67.
Read Our Latest Stock Report on SHW
Sherwin-Williams Company Profile
Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.
The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.
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