Pittenger & Anderson Inc. Trims Position in The Sherwin-Williams Company (NYSE:SHW)

Pittenger & Anderson Inc. decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,105 shares of the specialty chemicals company's stock after selling 1,059 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Sherwin-Williams were worth $8,417,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Sherwin-Williams in the fourth quarter valued at approximately $1,359,747,000. GAMMA Investing LLC increased its stake in shares of Sherwin-Williams by 41,717.1% in the first quarter. GAMMA Investing LLC now owns 1,636,304 shares of the specialty chemicals company's stock valued at $571,381,000 after buying an additional 1,632,391 shares during the period. Capital Research Global Investors increased its stake in shares of Sherwin-Williams by 47.1% in the fourth quarter. Capital Research Global Investors now owns 2,998,647 shares of the specialty chemicals company's stock valued at $1,019,329,000 after buying an additional 960,724 shares during the period. Barclays PLC increased its stake in shares of Sherwin-Williams by 54.2% in the fourth quarter. Barclays PLC now owns 2,073,533 shares of the specialty chemicals company's stock valued at $704,855,000 after buying an additional 728,798 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Sherwin-Williams by 28.0% in the fourth quarter. Northern Trust Corp now owns 2,725,827 shares of the specialty chemicals company's stock valued at $926,590,000 after buying an additional 595,586 shares during the period. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Stock Performance

SHW traded up $0.80 during trading hours on Wednesday, hitting $339.85. The stock had a trading volume of 1,273,043 shares, compared to its average volume of 1,712,034. The company's fifty day simple moving average is $350.55 and its 200 day simple moving average is $347.98. The Sherwin-Williams Company has a 1 year low of $308.84 and a 1 year high of $400.42. The stock has a market cap of $85.17 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 3.05 and a beta of 1.18. The company has a quick ratio of 0.45, a current ratio of 0.77 and a debt-to-equity ratio of 1.90.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.42 billion. Sherwin-Williams had a return on equity of 71.86% and a net margin of 11.63%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the company posted $2.17 EPS. Equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current year.

Sherwin-Williams Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.93%. Sherwin-Williams's dividend payout ratio (DPR) is currently 29.87%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHW. Bank of America upped their target price on Sherwin-Williams from $289.00 to $296.00 and gave the company an "underperform" rating in a report on Monday, June 23rd. Royal Bank Of Canada upped their target price on Sherwin-Williams from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Mizuho set a $395.00 target price on Sherwin-Williams in a report on Tuesday, April 15th. Wells Fargo & Company upgraded Sherwin-Williams from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $350.00 to $420.00 in a report on Wednesday, April 30th. Finally, Citigroup cut Sherwin-Williams from a "buy" rating to a "neutral" rating and reduced their target price for the company from $405.00 to $385.00 in a report on Friday, June 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $391.94.

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.