Kohmann Bosshard Financial Services LLC Has $1.30 Million Holdings in The Sherwin-Williams Company (NYSE:SHW)

Kohmann Bosshard Financial Services LLC lessened its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,720 shares of the specialty chemicals company’s stock after selling 320 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Sherwin-Williams were worth $1,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Park Square Financial Group LLC bought a new stake in shares of Sherwin-Williams during the fourth quarter worth approximately $27,000. Perkins Coie Trust Co acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $27,000. Synergy Investment Management LLC raised its position in shares of Sherwin-Williams by 583.3% in the first quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 70 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $30,000. Finally, HWG Holdings LP acquired a new stake in shares of Sherwin-Williams in the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Stock Up 0.6%

Shares of NYSE:SHW opened at $352.19 on Monday. The company has a fifty day moving average of $345.58 and a 200-day moving average of $347.80. The company has a market capitalization of $87.81 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 3.33 and a beta of 1.16. 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 52-week low of $308.84 and a 52-week high of $400.42.

Sherwin-Williams (NYSE:SHW) last announced its quarterly earnings results 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 company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $3.70 earnings per share. On average, equities analysts predict that The Sherwin-Williams Company will post 12 EPS for the current fiscal year.

Sherwin-Williams Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams’s dividend payout ratio (DPR) is presently 31.35%.

Insiders Place Their Bets

In other Sherwin-Williams news, CAO James P. Lang sold 860 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $350.35, for a total transaction of $301,301.00. Following the completion of the sale, the chief accounting officer directly owned 377 shares in the company, valued at approximately $132,081.95. This trade represents a 69.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Sherwin-Williams from $289.00 to $296.00 and gave the company an “underperform” rating in a research report on Monday, June 23rd. Loop Capital dropped their price target on shares of Sherwin-Williams from $395.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Morgan Stanley dropped their price target on shares of Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their price target on shares of Sherwin-Williams from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Finally, UBS Group dropped their price target on shares of Sherwin-Williams from $410.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $383.33.

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.