Pittenger & Anderson Inc. Buys 1,202 Shares of The Sherwin-Williams Company (NYSE:SHW)

Pittenger & Anderson Inc. grew its stake in shares of The Sherwin-Williams Company (NYSE:SHW) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,164 shares of the specialty chemicals company’s stock after acquiring an additional 1,202 shares during the period. Pittenger & Anderson Inc.’s holdings in Sherwin-Williams were worth $8,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SHW. Valued Wealth Advisors LLC raised its stake in Sherwin-Williams by 88.9% in the third quarter. Valued Wealth Advisors LLC now owns 68 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 32 shares in the last quarter. First Personal Financial Services purchased a new position in Sherwin-Williams in the third quarter worth $29,000. FSA Wealth Management LLC purchased a new position in Sherwin-Williams in the third quarter worth $32,000. GHP Investment Advisors Inc. grew its holdings in Sherwin-Williams by 47.5% in the third quarter. GHP Investment Advisors Inc. now owns 87 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 28 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in Sherwin-Williams in the fourth quarter worth $36,000. Institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In related news, SVP Mary L. Garceau sold 15,770 shares of the company’s 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 of the company’s stock, valued at approximately $11,621,253.60. This represents a 35.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Sherwin-Williams Trading Down 1.2 %

Shares of Sherwin-Williams stock opened at $356.93 on Monday. The Sherwin-Williams Company has a fifty-two week low of $282.09 and a fifty-two week 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 firm has a 50-day simple moving average of $352.96 and a two-hundred day simple moving average of $365.32. The company has a market cap of $89.89 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 3.15 and a beta of 1.22.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Thursday, January 30th. The specialty chemicals company reported $2.09 earnings per share 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 in the prior year, the firm posted $1.81 earnings per share. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on SHW. 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. Evercore ISI boosted their price objective on shares of Sherwin-Williams from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley dropped their price objective on shares of Sherwin-Williams from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada dropped their price objective on shares of Sherwin-Williams from $438.00 to $415.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Finally, StockNews.com lowered shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. One 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $400.00.

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.