Chevy Chase Trust Holdings LLC Sells 2,845 Shares of The Sherwin-Williams Company (NYSE:SHW)

Chevy Chase Trust Holdings LLC lowered its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,917 shares of the specialty chemicals company's stock after selling 2,845 shares during the period. 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 recently bought and sold shares of SHW. Capital Advisors Ltd. LLC grew its position in Sherwin-Williams by 2.4% during the third quarter. Capital Advisors Ltd. LLC now owns 1,201 shares of the specialty chemicals company's stock valued at $458,000 after buying an additional 28 shares during the period. GHP Investment Advisors Inc. boosted its stake 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. Allworth Financial LP grew 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 valued at $595,000 after acquiring an additional 28 shares during the period. First Interstate Bank increased its stake in shares of Sherwin-Williams by 1.9% during the 3rd quarter. First Interstate Bank now owns 1,466 shares of the specialty chemicals company's stock worth $560,000 after purchasing an additional 28 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its holdings in shares of Sherwin-Williams by 4.2% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 720 shares of the specialty chemicals company's stock worth $275,000 after purchasing an additional 29 shares during the period. Institutional investors own 77.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SHW. Zelman & Associates raised Sherwin-Williams to a "strong-buy" rating in a report on Friday, January 17th. Morgan Stanley decreased their price objective on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. StockNews.com downgraded shares of Sherwin-Williams from a "buy" rating to a "hold" rating in a research note on Thursday, November 28th. Finally, Evercore ISI raised their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $400.00.

Insider Transactions at Sherwin-Williams

In related news, SVP Mary L. Garceau sold 15,770 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now directly owns 29,205 shares of the company's stock, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Sherwin-Williams stock traded down $3.89 during mid-day trading on Tuesday, hitting $352.98. 1,484,453 shares of the company traded hands, compared to its average volume of 1,567,418. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The Sherwin-Williams Company has a one year low of $282.09 and a one year high of $400.42. The stock has a market cap of $88.90 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 3.15 and a beta of 1.22. The stock has a fifty day moving average price of $352.57 and a 200-day moving average price of $365.36.

Sherwin-Williams (NYSE:SHW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company posted $1.81 earnings per share. On average, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

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.