Bridges Investment Management Inc. Sells 1,326 Shares of The Sherwin-Williams Company (NYSE:SHW)

Bridges Investment Management Inc. lowered its holdings in The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,567 shares of the specialty chemicals company's stock after selling 1,326 shares during the quarter. Bridges Investment Management Inc.'s holdings in Sherwin-Williams were worth $29,181,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Coppell Advisory Solutions LLC boosted its holdings in Sherwin-Williams by 2.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,146 shares of the specialty chemicals company's stock worth $388,000 after acquiring an additional 30 shares during the last quarter. Opal Wealth Advisors LLC increased its position in shares of Sherwin-Williams by 4.2% during the first quarter. Opal Wealth Advisors LLC now owns 791 shares of the specialty chemicals company's stock valued at $276,000 after acquiring an additional 32 shares during the last quarter. Ashton Thomas Securities LLC increased its position in shares of Sherwin-Williams by 1.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 2,228 shares of the specialty chemicals company's stock valued at $757,000 after acquiring an additional 34 shares during the last quarter. YANKCOM Partnership increased its position in shares of Sherwin-Williams by 8.8% during the first quarter. YANKCOM Partnership now owns 420 shares of the specialty chemicals company's stock valued at $147,000 after acquiring an additional 34 shares during the last quarter. Finally, Avantax Planning Partners Inc. increased its position in shares of Sherwin-Williams by 2.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,515 shares of the specialty chemicals company's stock valued at $515,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company's stock.

Sherwin-Williams Price Performance

SHW traded up $2.34 on Thursday, reaching $353.88. The company had a trading volume of 552,767 shares, compared to its average volume of 1,718,284. The business has a 50 day simple moving average of $351.43 and a 200 day simple moving average of $347.96. The company has a market cap of $88.68 billion, a price-to-earnings ratio of 33.42, a P/E/G ratio of 3.11 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.45 and a current ratio of 0.77. The Sherwin-Williams Company has a 52-week low of $298.82 and a 52-week high of $400.42.

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

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Friday, May 16th. Sherwin-Williams's dividend payout ratio is 29.87%.

Wall Street Analyst Weigh In

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

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.