The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 430,849 shares of the specialty chemicals company's stock after selling 6,743 shares during the period. Rhumbline Advisers owned 0.17% of Sherwin-Williams worth $146,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in shares of Sherwin-Williams by 135.6% during the third quarter. Exchange Traded Concepts LLC now owns 238 shares of the specialty chemicals company's stock worth $91,000 after acquiring an additional 137 shares during the last quarter. Creative Planning boosted its stake in Sherwin-Williams by 11.6% in the 3rd quarter. Creative Planning now owns 45,997 shares of the specialty chemicals company's stock worth $17,556,000 after purchasing an additional 4,770 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Sherwin-Williams during the 3rd quarter worth approximately $696,000. Bleakley Financial Group LLC increased its stake in Sherwin-Williams by 0.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 11,215 shares of the specialty chemicals company's stock valued at $4,281,000 after purchasing an additional 96 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Sherwin-Williams by 2.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,209 shares of the specialty chemicals company's stock worth $11,912,000 after buying an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 77.67% of the company's stock.

Sherwin-Williams Price Performance

Shares of Sherwin-Williams stock traded down $1.61 on Wednesday, reaching $351.39. The company's stock had a trading volume of 1,394,413 shares, compared to its average volume of 1,586,247. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $88.50 billion, a P/E ratio of 33.31, a PEG ratio of 3.08 and a beta of 1.22. The stock has a 50-day moving average price of $352.19 and a 200-day moving average price of $365.40. The Sherwin-Williams Company has a 52-week low of $282.09 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 EPS for the quarter, topping 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 last year, the firm posted $1.81 earnings per share. Analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SHW. Morgan Stanley cut their target price on Sherwin-Williams from $450.00 to $405.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Evercore ISI raised their price objective on Sherwin-Williams from $400.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Barclays upped their target price on 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. raised their price target on shares of Sherwin-Williams from $370.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Robert W. Baird upped their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $400.00.

Insider Transactions at Sherwin-Williams

In other news, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 directly owns 29,205 shares of the company's stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company's stock.

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.