The Sherwin-Williams Company (NYSE:SHW) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its holdings in The Sherwin-Williams Company (NYSE:SHW) by 128.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,468 shares of the specialty chemicals company’s stock after acquiring an additional 48,638 shares during the period. Bridges Investment Management Inc.’s holdings in Sherwin-Williams were worth $25,805,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC lifted 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 during the last quarter. VitalStone Financial LLC lifted its holdings in Sherwin-Williams by 233.3% in the second quarter. VitalStone Financial LLC now owns 110 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 77 shares during the last quarter. Anfield Capital Management LLC acquired a new position in Sherwin-Williams in the second quarter valued at approximately $38,000. Northwest Investment Counselors LLC acquired a new position in Sherwin-Williams in the first quarter valued at approximately $47,000. Finally, Rise Advisors LLC lifted its holdings in Sherwin-Williams by 1,154.5% in the first quarter. Rise Advisors LLC now owns 138 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 127 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SHW. Morgan Stanley upped their price objective on Sherwin-Williams from $338.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group upped their price target on Sherwin-Williams from $344.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. UBS Group upped their price target on Sherwin-Williams from $375.00 to $412.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company upped their price target on Sherwin-Williams from $320.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Finally, Barclays upped their price target on Sherwin-Williams from $315.00 to $355.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $362.68.

Insider Activity at Sherwin-Williams

In related news, CFO Allen J. Mistysyn sold 14,520 shares of the stock in a transaction on Friday, August 30th. The stock was 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 of the company’s stock, valued at $23,301,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $379.77 on Friday. The firm has a market capitalization of $95.80 billion, a PE ratio of 40.49, a price-to-earnings-growth ratio of 2.98 and a beta of 1.17. The business’s fifty day moving average price is $352.62 and its 200 day moving average price is $328.03. 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 12 month low of $232.06 and a 12 month high of $382.83.

Sherwin-Williams (NYSE:SHW) last posted its earnings results on Tuesday, July 23rd. The specialty chemicals company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.51 by $0.19. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.33 billion. Sherwin-Williams had a return on equity of 75.58% and a net margin of 10.92%. Sherwin-Williams’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.29 earnings per share. On average, sell-side analysts anticipate that The Sherwin-Williams Company will post 11.47 earnings per share for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were issued a $0.715 dividend. This represents a $2.86 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, August 16th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 30.49%.

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.