Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Sherwin-Williams Co (NYSE:SHW) by 20.5% during the 1st quarter, HoldingsChannel reports. The firm owned 350 shares of the specialty chemicals company’s stock after selling 90 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Sherwin-Williams were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SHW. Norges Bank purchased a new stake in Sherwin-Williams in the 4th quarter worth approximately $297,669,000. Capital World Investors boosted its position in Sherwin-Williams by 11.5% in the 3rd quarter. Capital World Investors now owns 3,489,339 shares of the specialty chemicals company’s stock worth $1,588,382,000 after purchasing an additional 359,552 shares in the last quarter. American Century Companies Inc. boosted its position in Sherwin-Williams by 49.8% in the 4th quarter. American Century Companies Inc. now owns 683,947 shares of the specialty chemicals company’s stock worth $269,106,000 after purchasing an additional 227,363 shares in the last quarter. Marsico Capital Management LLC boosted its position in Sherwin-Williams by 129.9% in the 4th quarter. Marsico Capital Management LLC now owns 374,029 shares of the specialty chemicals company’s stock worth $147,165,000 after purchasing an additional 211,318 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Sherwin-Williams by 76.4% in the 4th quarter. Millennium Management LLC now owns 476,111 shares of the specialty chemicals company’s stock worth $187,331,000 after purchasing an additional 206,266 shares in the last quarter. Institutional investors and hedge funds own 77.70% of the company’s stock.

In related news, SVP Jane M. Cronin sold 1,344 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $441.24, for a total value of $593,026.56. Following the completion of the transaction, the senior vice president now directly owns 4,078 shares of the company’s stock, valued at approximately $1,799,376.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Allen J. Mistysyn sold 2,874 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $433.90, for a total value of $1,247,028.60. Following the completion of the sale, the senior vice president now directly owns 10,599 shares of the company’s stock, valued at $4,598,906.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,839 shares of company stock valued at $5,186,817. 0.50% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on SHW. Robert W. Baird reiterated an “outperform” rating and set a $480.00 target price (up previously from $450.00) on shares of Sherwin-Williams in a research report on Friday, February 1st. Evercore ISI began coverage on Sherwin-Williams in a research report on Wednesday, March 20th. They set an “outperform” rating and a $495.00 target price on the stock. UBS Group set a $405.00 target price on Sherwin-Williams and gave the company a “hold” rating in a research report on Wednesday, January 16th. KeyCorp increased their target price on Sherwin-Williams from $450.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 22nd. Finally, Citigroup upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating in a research report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $464.29.

NYSE SHW opened at $443.74 on Wednesday. Sherwin-Williams Co has a one year low of $355.28 and a one year high of $479.64. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.01 and a quick ratio of 0.59. The firm has a market capitalization of $41.63 billion, a P/E ratio of 23.95, a PEG ratio of 1.74 and a beta of 1.26.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Thursday, January 31st. The specialty chemicals company reported $3.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.02). Sherwin-Williams had a net margin of 6.32% and a return on equity of 46.48%. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $3.16 earnings per share. On average, sell-side analysts forecast that Sherwin-Williams Co will post 21.09 earnings per share for the current year.

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Sherwin-Williams Profile

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates in three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors and do-it-yourself homeowners.

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Institutional Ownership by Quarter for Sherwin-Williams (NYSE:SHW)

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