Montrusco Bolton Investments Inc. Reduces Position in The Sherwin-Williams Company (NYSE:SHW)

Montrusco Bolton Investments Inc. lowered its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,170 shares of the specialty chemicals company’s stock after selling 21,340 shares during the quarter. Sherwin-Williams accounts for 0.9% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 27th biggest holding. Montrusco Bolton Investments Inc. owned about 0.09% of Sherwin-Williams worth $73,483,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP boosted its position in Sherwin-Williams by 436.9% in the 2nd quarter. Quarry LP now owns 451 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 367 shares during the period. Regal Investment Advisors LLC lifted its holdings in shares of Sherwin-Williams by 5.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 2,714 shares of the specialty chemicals company’s stock worth $810,000 after buying an additional 130 shares during the period. EP Wealth Advisors LLC grew its position in shares of Sherwin-Williams by 4.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,896 shares of the specialty chemicals company’s stock worth $1,163,000 after buying an additional 166 shares in the last quarter. Truist Financial Corp lifted its stake in Sherwin-Williams by 0.9% in the second quarter. Truist Financial Corp now owns 52,204 shares of the specialty chemicals company’s stock worth $15,579,000 after acquiring an additional 446 shares during the period. Finally, Advisory Alpha LLC raised its holdings in shares of Sherwin-Williams by 0.6% in the 2nd quarter. Advisory Alpha LLC now owns 5,585 shares of the specialty chemicals company’s stock valued at $1,667,000 after purchasing an additional 36 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHW has been the subject of a number of recent research reports. Mizuho reduced their price objective on shares of Sherwin-Williams from $435.00 to $408.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Berenberg Bank raised shares of Sherwin-Williams from a “hold” rating to a “buy” rating and lifted their price target for the stock from $321.00 to $420.00 in a report on Friday, January 24th. StockNews.com lowered Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Citigroup reduced their target price on Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Evercore ISI increased their price target on Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $400.65.

Insider Buying and Selling at Sherwin-Williams

In related news, SVP Gregory P. Sofish sold 2,565 shares of Sherwin-Williams stock in a transaction on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the sale, the senior vice president now owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. This trade represents a 28.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mary L. Garceau sold 15,770 shares of Sherwin-Williams stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares in the company, valued at approximately $11,621,253.60. This trade represents a 35.06 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Up 0.1 %

Shares of Sherwin-Williams stock opened at $364.40 on Wednesday. The stock has a market cap of $91.77 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 2.78 and a beta of 1.22. The firm has a fifty day moving average price of $360.82 and a 200 day moving average price of $363.06. The Sherwin-Williams Company has a 1 year low of $282.09 and a 1 year high of $400.42. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51.

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.