Bridges Investment Management Inc. Lowers Holdings in The Sherwin-Williams Company (NYSE:SHW)

Bridges Investment Management Inc. lowered its position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several research firms recently commented on SHW. Barclays reduced their target price on Sherwin-Williams from $385.00 to $355.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company raised Sherwin-Williams from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $350.00 to $420.00 in a research note on Wednesday, April 30th. Bank of America increased their price objective on Sherwin-Williams from $289.00 to $296.00 and gave the stock an "underperform" rating in a report on Monday, June 23rd. UBS Group increased their price objective on Sherwin-Williams from $398.00 to $410.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Royal Bank Of Canada increased their price objective on Sherwin-Williams from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Sherwin-Williams has an average rating of "Moderate Buy" and a consensus price target of $391.94.

Sherwin-Williams Stock Performance

Shares of SHW stock traded down $5.93 on Friday, reaching $345.90. The stock had a trading volume of 1,034,538 shares, compared to its average volume of 1,719,974. The stock has a market cap of $86.68 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 3.16 and a beta of 1.18. The Sherwin-Williams Company has a 1 year low of $306.63 and a 1 year high of $400.42. 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 company has a 50 day simple moving average of $351.40 and a 200 day simple moving average of $348.01.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. The firm had revenue of $5.31 billion for 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 period last year, the business posted $2.17 EPS. Equities research analysts expect that The Sherwin-Williams Company will post 12 EPS for the current year.

Sherwin-Williams Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $0.79 per share. The ex-dividend date was Friday, May 16th. This represents a $3.16 annualized dividend and a yield of 0.91%. Sherwin-Williams's dividend payout ratio (DPR) is presently 29.87%.

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.