Pittenger & Anderson Inc. Buys 2,726 Shares of The Sherwin-Williams Company (NYSE:SHW)

Pittenger & Anderson Inc. increased its stake in The Sherwin-Williams Company (NYSE:SHW) by 15.3% during the fourth quarter, HoldingsChannel reports. The firm owned 20,532 shares of the specialty chemicals company’s stock after acquiring an additional 2,726 shares during the period. Pittenger & Anderson Inc.’s holdings in Sherwin-Williams were worth $6,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in Sherwin-Williams by 2.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,854 shares of the specialty chemicals company’s stock worth $2,762,000 after purchasing an additional 231 shares during the period. Atria Wealth Solutions Inc. lifted its stake in Sherwin-Williams by 7.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 8,150 shares of the specialty chemicals company’s stock worth $2,542,000 after purchasing an additional 566 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Sherwin-Williams by 6.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,103 shares of the specialty chemicals company’s stock worth $344,000 after buying an additional 63 shares in the last quarter. Cumberland Partners Ltd grew its position in Sherwin-Williams by 150.0% during the fourth quarter. Cumberland Partners Ltd now owns 2,000 shares of the specialty chemicals company’s stock valued at $624,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Sherwin-Williams in the 4th quarter worth $4,367,000. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Insider Buying and Selling

In other news, insider Justin T. Binns sold 1,563 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $338.87, for a total value of $529,653.81. Following the transaction, the insider now owns 14,564 shares of the company’s stock, valued at $4,935,302.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Sherwin-Williams news, SVP Mary L. Garceau sold 23,518 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $322.66, for a total transaction of $7,588,317.88. Following the completion of the transaction, the senior vice president now owns 28,475 shares in the company, valued at approximately $9,187,743.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Justin T. Binns sold 1,563 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $338.87, for a total value of $529,653.81. Following the completion of the sale, the insider now directly owns 14,564 shares in the company, valued at approximately $4,935,302.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,050 shares of company stock valued at $10,340,237. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SHW. Northcoast Research upgraded Sherwin-Williams from a “neutral” rating to a “buy” rating and set a $360.00 price objective for the company in a research report on Tuesday, February 27th. Citigroup lowered their price objective on Sherwin-Williams from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. dropped their price target on Sherwin-Williams from $317.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday. StockNews.com cut shares of Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Barclays raised their price objective on shares of Sherwin-Williams from $285.00 to $315.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $337.37.

Sherwin-Williams Price Performance

Shares of SHW traded up $1.76 during mid-day trading on Friday, reaching $306.57. The stock had a trading volume of 709,702 shares, compared to its average volume of 1,452,167. The business has a fifty day moving average of $328.10 and a 200 day moving average of $298.81. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.48 and a current ratio of 0.78. The firm has a market cap of $78.01 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.41 and a beta of 1.15. The Sherwin-Williams Company has a 12 month low of $221.76 and a 12 month high of $348.37.

Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, April 23rd. The specialty chemicals company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.05). The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.50 billion. Sherwin-Williams had a return on equity of 73.74% and a net margin of 10.52%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 EPS. Equities analysts predict that The Sherwin-Williams Company will post 11.44 EPS for the current year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, May 16th. Sherwin-Williams’s dividend payout ratio is currently 30.49%.

Sherwin-Williams Company 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.