Bridges Investment Management Inc. Cuts Holdings in The Sherwin-Williams Company $SHW

Key Points

• Bridges Investment Management Inc. has reduced its holdings in The Sherwin-Williams Company by 0.9%, owning 82,783 shares after selling 784 shares in the second quarter, which were valued at approximately $28.4 million.
• Several institutional investors have recently changed their positions in Sherwin-Williams, with Brighton Jones LLC increasing its stake by 73.6% and other firms also lifting their holdings significantly.
• Analyst ratings on Sherwin-Williams vary, with a consensus rating of "Moderate Buy" and a target price of $387.13, while shares opened at $332.81, indicating potential for growth amidst mixed earnings reports.

Bridges Investment Management Inc. decreased its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,783 shares of the specialty chemicals company's stock after selling 784 shares during the period. Bridges Investment Management Inc.'s holdings in Sherwin-Williams were worth $28,424,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SHW. Brighton Jones LLC grew its position in shares of Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock valued at $525,000 after purchasing an additional 655 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Sherwin-Williams by 19.8% in the 1st quarter. GAMMA Investing LLC now owns 4,686 shares of the specialty chemicals company's stock valued at $1,636,000 after acquiring an additional 773 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Sherwin-Williams by 112.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 477 shares of the specialty chemicals company's stock valued at $167,000 after acquiring an additional 253 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $306,000. Finally, Inscription Capital LLC bought a new position in shares of Sherwin-Williams in the 1st quarter valued at about $216,000. 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 analyst reports. Loop Capital lowered their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Citigroup reaffirmed a "neutral" rating and issued a $380.00 price target (up previously from $375.00) on shares of Sherwin-Williams in a report on Monday, October 6th. UBS Group reaffirmed a "buy" rating and issued a $400.00 price target (up previously from $395.00) on shares of Sherwin-Williams in a report on Monday, October 6th. Wells Fargo & Company set a $395.00 price objective on shares of Sherwin-Williams and gave the stock an "overweight" rating in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Sherwin-Williams in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Sherwin-Williams has a consensus rating of "Moderate Buy" and a consensus target price of $387.13.

Sherwin-Williams Stock Performance

Shares of NYSE:SHW opened at $332.81 on Thursday. The firm has a market cap of $82.98 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.78 and a beta of 1.20. The firm's 50 day simple moving average is $354.01 and its 200-day simple moving average is $348.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.48 and a current ratio of 0.78. The Sherwin-Williams Company has a one year low of $308.84 and a one year high of $400.42.

Sherwin-Williams (NYSE:SHW - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). The business had revenue of $6.31 billion for the quarter, compared to analysts' expectations of $6.31 billion. Sherwin-Williams had a net margin of 11.03% and a return on equity of 66.91%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current year.

Insider Activity at Sherwin-Williams

In related news, CAO James P. Lang sold 860 shares of Sherwin-Williams stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total transaction of $301,301.00. Following the transaction, the chief accounting officer directly owned 377 shares of the company's stock, valued at $132,081.95. This trade represents a 69.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Justin T. Binns sold 609 shares of Sherwin-Williams stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $368.82, for a total transaction of $224,611.38. Following the transaction, the insider directly owned 17,922 shares in the company, valued at approximately $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

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.

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