Chevy Chase Trust Holdings LLC Decreases Stock Holdings in The Sherwin-Williams Company (NYSE:SHW)

Chevy Chase Trust Holdings LLC trimmed its holdings in The Sherwin-Williams Company (NYSE:SHW) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,917 shares of the specialty chemicals company’s stock after selling 2,845 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Sherwin-Williams were worth $41,443,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Allworth Financial LP lifted its position in shares of Sherwin-Williams by 1.8% during the 3rd quarter. Allworth Financial LP now owns 1,560 shares of the specialty chemicals company’s stock worth $595,000 after purchasing an additional 28 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 28 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in Sherwin-Williams by 2.4% in the third quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company’s stock valued at $458,000 after acquiring an additional 28 shares during the last quarter. First Interstate Bank lifted its position in Sherwin-Williams by 1.9% in the third quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company’s stock valued at $560,000 after acquiring an additional 28 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in Sherwin-Williams by 4.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company’s stock valued at $275,000 after acquiring an additional 29 shares during the last quarter. 77.67% of the stock is owned by hedge funds and other institutional investors.

Sherwin-Williams Trading Down 1.2 %

Shares of SHW opened at $356.93 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 2.02. The firm’s 50-day moving average is $353.51 and its two-hundred day moving average is $365.09. The Sherwin-Williams Company has a twelve month low of $282.09 and a twelve month high of $400.42. The firm 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.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $1.81 EPS. On average, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of research reports. Citigroup reduced their price target on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Mizuho reduced their price target on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Barclays boosted their price target on shares of Sherwin-Williams from $355.00 to $370.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Sherwin-Williams from $370.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Zelman & Associates upgraded shares of Sherwin-Williams to a “strong-buy” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sherwin-Williams has an average rating of “Moderate Buy” and a consensus target price of $400.00.

Insider Buying and Selling at Sherwin-Williams

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Gregory P. Sofish sold 2,565 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 6,329 shares in the company, valued at $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Company 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.