Laurel Grove Capital LLC trimmed its position in shares of Sherwin-Williams Co (NYSE:SHW) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,015 shares of the specialty chemicals company’s stock after selling 810 shares during the quarter. Sherwin-Williams accounts for approximately 2.1% of Laurel Grove Capital LLC’s portfolio, making the stock its 18th largest holding. Laurel Grove Capital LLC’s holdings in Sherwin-Williams were worth $4,107,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Univest Corp of Pennsylvania increased its stake in shares of Sherwin-Williams by 2.4% during the fourth quarter. Univest Corp of Pennsylvania now owns 7,199 shares of the specialty chemicals company’s stock worth $2,952,000 after acquiring an additional 171 shares during the period. Palo Capital Inc. increased its stake in shares of Sherwin-Williams by 7.9% during the fourth quarter. Palo Capital Inc. now owns 8,737 shares of the specialty chemicals company’s stock worth $3,583,000 after acquiring an additional 643 shares during the period. Asset Advisors Corp increased its stake in shares of Sherwin-Williams by 24.1% during the fourth quarter. Asset Advisors Corp now owns 8,850 shares of the specialty chemicals company’s stock worth $3,629,000 after acquiring an additional 1,720 shares during the period. TRUE Private Wealth Advisors acquired a new position in shares of Sherwin-Williams during the fourth quarter worth about $346,000. Finally, State of Alaska Department of Revenue increased its stake in shares of Sherwin-Williams by 354.3% during the fourth quarter. State of Alaska Department of Revenue now owns 10,540 shares of the specialty chemicals company’s stock worth $4,321,000 after acquiring an additional 8,220 shares during the period. Institutional investors and hedge funds own 75.85% of the company’s stock.

SHW has been the topic of several recent analyst reports. Robert W. Baird restated a “buy” rating and set a $475.00 target price on shares of Sherwin-Williams in a research report on Wednesday, January 10th. KeyCorp restated an “overweight” rating and set a $465.00 target price (up from $440.00) on shares of Sherwin-Williams in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of Sherwin-Williams from a “hold” rating to a “buy” rating and set a $463.00 target price on the stock in a research report on Friday, January 5th. Deutsche Bank initiated coverage on shares of Sherwin-Williams in a research report on Friday, December 22nd. They set a “hold” rating and a $420.00 target price on the stock. Finally, Raymond James Financial initiated coverage on shares of Sherwin-Williams in a research report on Tuesday, December 19th. They set a “strong-buy” rating and a $496.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Sherwin-Williams currently has a consensus rating of “Buy” and a consensus target price of $417.39.

In other news, insider Joel D. Baxter sold 2,376 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the sale, the insider now directly owns 3,302 shares in the company, valued at $1,285,336.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Davisson sold 1,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $407.11, for a total transaction of $407,110.00. The disclosure for this sale can be found here. Insiders sold 15,122 shares of company stock worth $5,969,846 over the last quarter. Company insiders own 1.69% of the company’s stock.

Shares of Sherwin-Williams Co (SHW) opened at $427.18 on Tuesday. The company has a market cap of $40,285.79, a P/E ratio of 37.57, a PEG ratio of 1.97 and a beta of 1.22. Sherwin-Williams Co has a 1 year low of $280.14 and a 1 year high of $435.15. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.07 and a quick ratio of 0.68.

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

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Sherwin-Williams 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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