Bank of Montreal Can Reduces Sherwin-Williams Stake

Institutional investor sells 20,597 shares of specialty chemicals company

Published on Mar. 11, 2026

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Bank of Montreal Can, a major institutional investor, reduced its holdings in The Sherwin-Williams Company (NYSE:SHW) by 4.9% in the third quarter, according to a recent SEC filing. The fund now owns 396,048 shares of the specialty chemicals company's stock, valued at approximately $137 million.

Why it matters

Institutional investors like Bank of Montreal Can closely monitor and adjust their positions in major companies like Sherwin-Williams. Changes in their holdings can signal broader market trends or shifts in investor sentiment around a particular stock.

The details

According to the filing, Bank of Montreal Can sold 20,597 shares of Sherwin-Williams during the third quarter. This reduced the fund's total stake in the company to 396,048 shares, or about 0.16% of the company's outstanding stock. Sherwin-Williams is a leading manufacturer and distributor of paints, coatings and related products for residential, commercial and industrial applications.

  • The share sale occurred in the third quarter of 2026.

The players

Bank of Montreal Can

A major Canadian financial institution and institutional investor.

The Sherwin-Williams Company

A global manufacturer and distributor of paints, coatings and related products.

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The takeaway

This transaction reflects an institutional investor adjusting its position in a major specialty chemicals company, which can provide insights into broader market trends and investor sentiment around the stock.