The Sherwin-Williams Company (NYSE:SHW) Shares Bought by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,164 shares of the specialty chemicals company’s stock after buying an additional 1,202 shares during the period. Pittenger & Anderson Inc.’s holdings in Sherwin-Williams were worth $8,554,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC lifted its holdings in Sherwin-Williams by 525.9% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the specialty chemicals company’s stock worth $123,000 after buying an additional 305 shares in the last quarter. Kerusso Capital Management LLC raised its holdings in shares of Sherwin-Williams by 75.9% in the 4th quarter. Kerusso Capital Management LLC now owns 10,290 shares of the specialty chemicals company’s stock valued at $3,498,000 after purchasing an additional 4,439 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the 4th quarter valued at $36,000. J.W. Cole Advisors Inc. raised its holdings in shares of Sherwin-Williams by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 1,286 shares of the specialty chemicals company’s stock valued at $437,000 after purchasing an additional 170 shares in the last quarter. Finally, Valmark Advisers Inc. raised its holdings in shares of Sherwin-Williams by 34.9% in the 4th quarter. Valmark Advisers Inc. now owns 892 shares of the specialty chemicals company’s stock valued at $303,000 after purchasing an additional 231 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHW. Citigroup reduced their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Robert W. Baird raised their price objective on shares of Sherwin-Williams from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Evercore ISI raised their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays raised their price objective on shares of Sherwin-Williams from $355.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley lowered their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.00.

Insider Buying and Selling

In other news, SVP Mary L. Garceau sold 15,770 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $397.92, for a total value of $6,275,198.40. Following the completion of the sale, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. This represents a 35.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

Sherwin-Williams Stock Performance

Shares of SHW opened at $356.93 on Monday. 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 2.02, a quick ratio of 0.46 and a current ratio of 0.79. The company’s 50 day simple moving average is $352.96 and its 200 day simple moving average is $365.32. The company has a market capitalization of $89.89 billion, a price-to-earnings ratio of 33.83, a PEG ratio of 3.15 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) 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 quarter last year, the business earned $1.81 earnings per share. On average, sell-side analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Profile

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.