Rockland Trust Co. cut its holdings in shares of Sherwin-Williams Co (NYSE:SHW) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,022 shares of the specialty chemicals company’s stock after selling 1,401 shares during the quarter. Sherwin-Williams accounts for about 1.5% of Rockland Trust Co.’s investment portfolio, making the stock its 20th largest holding. Rockland Trust Co.’s holdings in Sherwin-Williams were worth $11,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SHW. BlackRock Inc. boosted its holdings in Sherwin-Williams by 3.9% during the 2nd quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after acquiring an additional 204,766 shares during the period. Janney Montgomery Scott LLC raised its position in Sherwin-Williams by 28.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,929 shares of the specialty chemicals company’s stock valued at $8,209,000 after purchasing an additional 5,041 shares in the last quarter. Janus Henderson Group PLC raised its position in Sherwin-Williams by 27.6% in the 3rd quarter. Janus Henderson Group PLC now owns 1,332,394 shares of the specialty chemicals company’s stock valued at $477,049,000 after purchasing an additional 288,492 shares in the last quarter. Atlantic Trust Group LLC acquired a new stake in Sherwin-Williams in the 3rd quarter valued at about $87,798,000. Finally, Carderock Capital Management Inc. raised its position in Sherwin-Williams by 4.3% in the 3rd quarter. Carderock Capital Management Inc. now owns 6,495 shares of the specialty chemicals company’s stock valued at $2,325,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Robert W. Baird reissued a “buy” rating and set a $475.00 target price on shares of Sherwin-Williams in a research report on Wednesday. KeyCorp reissued an “overweight” rating and set a $465.00 target price (up previously from $440.00) on shares of Sherwin-Williams in a research report on Thursday. Credit Suisse Group reissued an “outperform” rating and set a $410.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a research report on Wednesday, October 4th. Citigroup raised their price target on Sherwin-Williams from $405.00 to $442.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $417.39.

In related news, insider Robert J. Davisson sold 8,800 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total value of $3,432,616.00. Following the completion of the transaction, the insider now directly owns 14,812 shares in the company, valued at $5,777,716.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Davisson sold 1,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $407.11, for a total value of $407,110.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,122 shares of company stock valued at $5,969,846. Insiders own 1.69% of the company’s stock.

Sherwin-Williams Co (NYSE SHW) traded up $5.83 during midday trading on Thursday, hitting $425.36. The stock had a trading volume of 299,065 shares, compared to its average volume of 442,857. Sherwin-Williams Co has a 12 month low of $277.61 and a 12 month high of $427.33. The firm has a market capitalization of $39,230.00, a PE ratio of 36.05, a price-to-earnings-growth ratio of 1.95 and a beta of 1.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.68 and a current ratio of 1.07.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a return on equity of 58.02% and a net margin of 7.82%. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the previous year, the firm posted $4.23 earnings per share. The business’s revenue for the quarter was up 37.4% compared to the same quarter last year. analysts forecast that Sherwin-Williams Co will post 15.02 EPS for the current fiscal year.

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Sherwin-Williams Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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

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