Hutchens & Kramer Investment Management Group LLC Makes New $201,000 Investment in The Sherwin-Williams Company (NYSE:SHW)

Hutchens & Kramer Investment Management Group LLC purchased a new stake in shares of The Sherwin-Williams Company (NYSE:SHW) during the third quarter, Holdings Channel.com reports. The firm purchased 528 shares of the specialty chemicals company’s stock, valued at approximately $201,000.

Several other hedge funds have also made changes to their positions in SHW. SageView Advisory Group LLC acquired a new stake in Sherwin-Williams during the 4th quarter worth about $808,000. MONECO Advisors LLC purchased a new stake in shares of Sherwin-Williams in the fourth quarter worth approximately $221,000. CWM LLC boosted its holdings in shares of Sherwin-Williams by 10.6% during the first quarter. CWM LLC now owns 6,944 shares of the specialty chemicals company’s stock worth $2,412,000 after purchasing an additional 668 shares during the period. NBC Securities Inc. grew its position in Sherwin-Williams by 9.6% during the first quarter. NBC Securities Inc. now owns 1,280 shares of the specialty chemicals company’s stock valued at $444,000 after purchasing an additional 112 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Sherwin-Williams by 42.6% in the 1st quarter. GAMMA Investing LLC now owns 2,164 shares of the specialty chemicals company’s stock valued at $752,000 after buying an additional 647 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Analyst Upgrades and Downgrades

SHW has been the subject of a number of research reports. Robert W. Baird lifted their target price on shares of Sherwin-Williams from $310.00 to $325.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Redburn Atlantic raised shares of Sherwin-Williams to a “strong-buy” rating in a research note on Thursday, July 18th. BMO Capital Markets lifted their target price on shares of Sherwin-Williams from $400.00 to $425.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. UBS Group lifted their target price on shares of Sherwin-Williams from $375.00 to $412.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Evercore ISI lifted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $373.17.

Sherwin-Williams Stock Up 1.1 %

SHW stock opened at $388.55 on Wednesday. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.50. The Sherwin-Williams Company has a 52-week low of $232.06 and a 52-week high of $392.57. The company has a 50-day moving average of $367.81 and a two-hundred day moving average of $332.74. The stock has a market capitalization of $98.02 billion, a price-to-earnings ratio of 39.61, a price-to-earnings-growth ratio of 2.95 and a beta of 1.17.

Sherwin-Williams (NYSE:SHW) last released its quarterly 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 company had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.33 billion. During the same period in the prior year, the company earned $3.29 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Sherwin-Williams Company will post 11.5 EPS for the current year.

Insider Buying and Selling at Sherwin-Williams

In other news, CFO Allen J. Mistysyn sold 14,520 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $366.83, for a total transaction of $5,326,371.60. Following the completion of the transaction, the chief financial officer now owns 63,520 shares of the company’s stock, valued at approximately $23,301,041.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.