Hutchens & Kramer Investment Management Group LLC Purchases New Stake in The Sherwin-Williams Company (NYSE:SHW)

Hutchens & Kramer Investment Management Group LLC purchased a new stake in The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 528 shares of the specialty chemicals company’s stock, valued at approximately $201,000.

Other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC raised its holdings in Sherwin-Williams by 102.3% in the second quarter. HHM Wealth Advisors LLC now owns 89 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 45 shares in the last quarter. Semmax Financial Advisors Inc. raised its holdings in shares of Sherwin-Williams by 136.4% during the second quarter. Semmax Financial Advisors Inc. now owns 104 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 60 shares during the period. VitalStone Financial LLC raised its holdings in shares of Sherwin-Williams by 233.3% during the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 77 shares during the period. Anfield Capital Management LLC acquired a new stake in shares of Sherwin-Williams during the second quarter worth $38,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Sherwin-Williams during the second quarter worth $41,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Sherwin-Williams Stock Performance

Shares of SHW opened at $388.55 on Wednesday. The firm has a 50-day moving average price of $367.81 and a 200 day moving average price of $332.74. The firm has a market capitalization of $98.02 billion, a PE ratio of 39.61, a P/E/G ratio of 2.95 and a beta of 1.17. The company has a quick ratio of 0.50, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $392.57.

Sherwin-Williams (NYSE:SHW) last announced its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.19. Sherwin-Williams had a net margin of 10.92% and a return on equity of 75.58%. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.33 billion. During the same quarter in the prior year, the firm posted $3.29 EPS. Sherwin-Williams’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SHW shares. Barclays increased their target price on shares of Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their target price on shares of Sherwin-Williams from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Tuesday. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a report on Thursday, July 18th. The Goldman Sachs Group increased their target price on shares of Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Robert W. Baird increased their price objective on shares of Sherwin-Williams from $310.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sherwin-Williams currently has a consensus rating of “Moderate Buy” and an average price target of $373.17.

Insider Activity at Sherwin-Williams

In other Sherwin-Williams news, CFO Allen J. Mistysyn sold 14,520 shares of Sherwin-Williams stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $366.83, for a total value of $5,326,371.60. Following the transaction, the chief financial officer now owns 63,520 shares in the company, valued at approximately $23,301,041.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

About Sherwin-Williams

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.