Bright Rock Capital Management LLC Has $8.24 Million Holdings in Sherwin-Williams Co (NYSE:SHW)

Bright Rock Capital Management LLC decreased its position in Sherwin-Williams Co (NYSE:SHW) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,100 shares of the specialty chemicals company’s stock after selling 1,000 shares during the quarter. Sherwin-Williams makes up 2.2% of Bright Rock Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Bright Rock Capital Management LLC’s holdings in Sherwin-Williams were worth $8,242,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SHW. Janus Henderson Group PLC lifted its stake in shares of Sherwin-Williams by 10,157.5% in the second quarter. Janus Henderson Group PLC now owns 1,043,902 shares of the specialty chemicals company’s stock worth $366,368,000 after buying an additional 1,033,725 shares in the last quarter. FMR LLC increased its holdings in Sherwin-Williams by 18.1% during the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock valued at $1,423,109,000 after buying an additional 621,190 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Sherwin-Williams by 222.9% during the second quarter. Parametric Portfolio Associates LLC now owns 487,545 shares of the specialty chemicals company’s stock valued at $171,109,000 after buying an additional 336,540 shares during the last quarter. Vanguard Group Inc. increased its holdings in Sherwin-Williams by 5.0% during the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after buying an additional 315,903 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Sherwin-Williams by 30.6% during the third quarter. Principal Financial Group Inc. now owns 1,057,305 shares of the specialty chemicals company’s stock valued at $378,558,000 after buying an additional 247,553 shares during the last quarter. Hedge funds and other institutional investors own 75.62% of the company’s stock.

A number of brokerages have recently issued reports on SHW. Robert W. Baird reissued a “buy” rating and issued a $475.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Sherwin-Williams in a research note on Wednesday, September 20th. Zacks Investment Research lowered shares of Sherwin-Williams from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. KeyCorp restated an “overweight” rating and issued a $465.00 target price (up previously from $440.00) on shares of Sherwin-Williams in a report on Thursday, January 11th. Finally, Northcoast Research restated a “buy” rating and issued a $435.00 target price (up previously from $375.00) on shares of Sherwin-Williams in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sherwin-Williams currently has a consensus rating of “Buy” and an average price target of $417.39.

In other news, insider Robert J. Davisson sold 8,800 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the completion of the sale, the insider now owns 14,812 shares of the company’s stock, valued at $5,777,716.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joel D. Baxter sold 2,376 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $389.26, for a total transaction of $924,881.76. Following the completion of the sale, the insider now directly owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The disclosure for this sale can be found here. In the last three months, insiders sold 15,122 shares of company stock valued at $5,969,846. 1.69% of the stock is owned by insiders.

Sherwin-Williams Co (NYSE:SHW) traded up $3.93 during mid-day trading on Thursday, reaching $430.87. 437,032 shares of the company were exchanged, compared to its average volume of 552,091. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. Sherwin-Williams Co has a one year low of $280.14 and a one year high of $435.15. The firm has a market cap of $40,400.00, a PE ratio of 36.51, a PEG ratio of 1.94 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, October 24th. The specialty chemicals company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The firm 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 business posted $4.23 EPS. The business’s revenue was up 37.4% compared to the same quarter last year. sell-side analysts anticipate that Sherwin-Williams Co will post 15.02 earnings per share for the current 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.

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

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