FSM Wealth Advisors LLC Has $709,000 Holdings in The Sherwin-Williams Company (NYSE:SHW)

FSM Wealth Advisors LLC cut its stake in The Sherwin-Williams Company (NYSE:SHW) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,713 shares of the specialty chemicals company’s stock after selling 55 shares during the period. FSM Wealth Advisors LLC’s holdings in Sherwin-Williams were worth $709,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SHW. HHM Wealth Advisors LLC grew its position in Sherwin-Williams by 1,716.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 109 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 103 shares during the last quarter. TCI Wealth Advisors Inc. boosted its position in Sherwin-Williams by 296.9% in the 1st quarter. TCI Wealth Advisors Inc. now owns 127 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 95 shares during the last quarter. Providence Capital Advisors LLC boosted its position in Sherwin-Williams by 44,853.3% in the 1st quarter. Providence Capital Advisors LLC now owns 6,743 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 6,728 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in Sherwin-Williams in the 1st quarter valued at $36,000. Finally, Colonial Trust Co SC boosted its position in Sherwin-Williams by 315.9% in the 1st quarter. Colonial Trust Co SC now owns 183 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 139 shares during the last quarter. 75.87% of the stock is currently owned by institutional investors.

Sherwin-Williams Price Performance

NYSE:SHW traded down $1.70 during trading hours on Monday, hitting $259.93. The stock had a trading volume of 359,683 shares, compared to its average volume of 1,466,846. The company has a 50 day simple moving average of $270.82 and a two-hundred day simple moving average of $245.96. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.00 and a quick ratio of 0.62. The Sherwin-Williams Company has a one year low of $195.24 and a one year high of $283.80. The firm has a market capitalization of $66.84 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 2.24 and a beta of 1.10.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, July 25th. The specialty chemicals company reported $3.29 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.58. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Sherwin-Williams had a net margin of 10.20% and a return on equity of 83.63%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $2.41 EPS. Research analysts forecast that The Sherwin-Williams Company will post 9.78 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were paid a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, August 17th. Sherwin-Williams’s dividend payout ratio is presently 26.86%.

Analyst Upgrades and Downgrades

Several analysts recently commented on SHW shares. Royal Bank of Canada raised their price objective on Sherwin-Williams from $272.00 to $315.00 in a research note on Wednesday, July 26th. Bank of America upped their price target on shares of Sherwin-Williams from $270.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Loop Capital boosted their price objective on shares of Sherwin-Williams from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. 58.com reaffirmed an “upgrade” rating on shares of Sherwin-Williams in a research report on Monday, June 26th. Finally, Evercore ISI upped their price target on shares of Sherwin-Williams from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $283.61.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners.