FSA Wealth Management LLC Takes Position in The Sherwin-Williams Company (NYSE:SHW)

FSA Wealth Management LLC purchased a new position in shares of The Sherwin-Williams Company (NYSE:SHW) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 84 shares of the specialty chemicals company’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its stake in shares of Sherwin-Williams by 7.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,648 shares of the specialty chemicals company’s stock valued at $492,000 after purchasing an additional 115 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of Sherwin-Williams by 12.8% in the 2nd quarter. Trust Co. of Vermont now owns 606 shares of the specialty chemicals company’s stock valued at $181,000 after buying an additional 69 shares during the period. Value Partners Investments Inc. raised its position in shares of Sherwin-Williams by 18.7% during the second quarter. Value Partners Investments Inc. now owns 6,102 shares of the specialty chemicals company’s stock worth $1,821,000 after acquiring an additional 963 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Sherwin-Williams during the second quarter valued at $234,000. Finally, Astoria Portfolio Advisors LLC. boosted its holdings in Sherwin-Williams by 5.4% in the second quarter. Astoria Portfolio Advisors LLC. now owns 3,448 shares of the specialty chemicals company’s stock valued at $1,029,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Robert W. Baird upped their target price on shares of Sherwin-Williams from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup cut their price objective on shares of Sherwin-Williams from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. KeyCorp restated a “sector weight” rating on shares of Sherwin-Williams in a report on Monday, October 7th. Finally, Morgan Stanley increased their price target on shares of Sherwin-Williams from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $396.47.

Insider Activity

In other Sherwin-Williams news, SVP Mary L. Garceau sold 15,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $397.92, for a total transaction of $6,275,198.40. Following the transaction, the senior vice president now owns 29,205 shares of the company’s stock, valued at $11,621,253.60. The trade was a 35.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory P. Sofish sold 2,565 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $378.63, for a total value of $971,185.95. Following the completion of the sale, the senior vice president now directly owns 6,329 shares of the company’s stock, valued at approximately $2,396,349.27. The trade was a 28.84 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Sherwin-Williams Stock Performance

Shares of Sherwin-Williams stock opened at $397.40 on Monday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.83 and a quick ratio of 0.51. The firm has a market cap of $100.09 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 3.20 and a beta of 1.17. The Sherwin-Williams Company has a one year low of $272.34 and a one year high of $400.42. The stock’s 50-day moving average is $378.94 and its 200-day moving average is $347.31.

Sherwin-Williams (NYSE:SHW) last released its quarterly earnings results on Tuesday, October 22nd. The specialty chemicals company reported $3.37 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.19). Sherwin-Williams had a return on equity of 74.45% and a net margin of 11.09%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the company earned $3.20 EPS. The company’s revenue was up .7% compared to the same quarter last year. Equities analysts predict that The Sherwin-Williams Company will post 11.32 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.715 per share. The ex-dividend date is Friday, November 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 0.72%. Sherwin-Williams’s dividend payout ratio is 28.49%.

Sherwin-Williams 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.