- Sherwin-Williams (SHW) Gets Higher Price Target from Evercore ISI
May 12, 2026
With a 5-year average dividend growth rate of 10.90%, The Sherwin-Williams Company (NYSE:SHW) is included among the 14 Best Dividend Stocks to Buy for Steady Growth.Sherwin-Williams (SHW) Gets Higher Price Target from Evercore ISI
On May 8, Evercore ISI analyst Greg Melich raised the firm’s price recommendation on The Sherwin-Williams Company (NYSE:SHW) to $400 from $390. It reiterated an Outperform rating on the stock.
During its Q1 2026 earnings call, Sherwin-Williams said the company delivered strong sales despite operating in what executives described as a period of global uncertainty and continued softness across most end markets. Senior Vice President James Jaye said sales exceeded guidance on a consolidated basis and across all three reportable segments.
Chairman, CEO, and President Heidi Petz said the company continued to gain market share. She added that Sherwin-Williams’ differentiation strategy was increasing the distance between the company and its competitors. According to Petz, strong revenue performance and healthy new account growth across the business reflected that momentum. Within the Paint Stores Group, Petz said the segment generated mid-single-digit growth, with both price/mix and volume increasing by low single-digit percentages. She also noted that the company’s January 1 price increase was performing slightly better than originally expected.
Discussing end markets, Petz said residential repaint activity returned to mid-single-digit growth, while property maintenance trends remained encouraging. She added that demand in new residential construction continued to face pressure, which was in line with company expectations. At the same time, the Protective & Marine business reported double-digit sales growth and marked its seventh straight quarter of high single-digit growth.
The Sherwin-Williams Company (NYSE:SHW) manufactures, develops, distributes, and sells paint, coatings, and related products to professional, industrial, commercial, and retail customers. Its operations are primarily based in North and South America, with additional business across the Caribbean, Europe, Asia, and Australia.
While we acknowledge the potential of SHW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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- What Makes The Sherwin-Williams Company (SHW) an Investment Bet?
May 12, 2026
Jensen Investment Management, an asset management company based in the US, released its first-quarter 2025 investor letter for the “Jensen Quality Mid Cap Fund”. A copy of the letter is available to download here. The Jensen Quality Mid Cap Fund aims for long-term growth. The Fund returned -2.53% in Q1 2026, lagging the 0.60% return for the MSCI US Mid Cap 450 Index. Mid-cap stocks were flat in the quarter due to inflation, war, high energy prices, and cautious consumer spending. Rapid AI investment growth impacted the Index, boosting some stocks but hurting others, especially software and business services stocks facing AI disruption concerns. Energy stocks surged after the Iran War, challenging performance. The fund's process focuses on high-quality companies with a 15%+ ROE for ten years, indicating sustained advantages. Quarterly performance benefited from underweights in the Financials and Communications Services and higher exposure to the Industrials sector, while underweight exposure in the Energy and Utilities sectors and overweight in Consumer Discretionary hurt performance. Please review the Fund’s top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Jensen Quality Mid Cap Fund highlighted The Sherwin-Williams Company (NYSE:SHW) as a newly added position. The Sherwin-Williams Company (NYSE:SHW) is a leading manufacturer and distributor of paint, coatings, and related products to professional, industrial, commercial and retail customers. On May 11, 2026, The Sherwin-Williams Company (NYSE:SHW) closed at $312.70 per share. One-month return of The Sherwin-Williams Company (NYSE:SHW) was -6.26%, and its shares lost 12.17% over the past 52 weeks. The Sherwin-Williams Company (NYSE:SHW) has a market capitalization of $77.12 billion.
Jensen Quality Mid Cap Fund stated the following regarding The Sherwin-Williams Company (NYSE:SHW) in its Q1 2026 investor letter:
"During the quarter, the Quality Mid Cap Investment Team initiated positions in AON PLC (AON), The Sherwin-Williams Company (NYSE:SHW), and Cadence Design Systems, Inc (CDNS). Sherwin-Williams develops, manufactures, and sells paint and coating products. SHW was purchased as a result of its strong market share, well-known brands, economies of scale, and attractively priced stock."The Sherwin-Williams Company (SHW) - Among the 10 Best May Dividend Stocks to Buy
The Sherwin-Williams Company (NYSE:SHW) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 83 hedge fund portfolios held The Sherwin-Williams Company (NYSE:SHW) at the end of the fourth quarter, up from 63 in the previous quarter. While we acknowledge the potential of The Sherwin-Williams Company (NYSE:SHW) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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In another article, we covered The Sherwin-Williams Company (NYSE:SHW) and shared the list of best basic materials stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
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- Sherwin-Williams (SHW) Reports Record Q1 EBITDA on Sales Growth and Margin Expansion
May 10, 2026
The Sherwin-Williams Company (NYSE:SHW) is one of the best basic materials stocks to buy according to hedge funds. On April 28, Sherwin-Williams reported a 6.8% increase in consolidated net sales to $5.67 billion for Q1 2026, driven by growth across all reportable segments and the recent acquisition of Suvinil. Diluted net income per share rose 7.5% to $2.15, while adjusted EPS reached $2.35. Despite global economic uncertainty and soft demand in certain end markets, the company achieved gross margin expansion and record EBITDA of $998.2 million, supported by moderating raw material costs and effective share-of-wallet strategies.
Performance across segments was led by the Consumer Brands Group, which saw a 19.2% sales surge primarily due to the Suvinil acquisition and strong performance in Europe. The Paint Stores Group grew 3.7%, supported by professional markets like protective and marine coatings, which offset a slight decline in new residential sales. Meanwhile, the Performance Coatings Group increased sales by 6.5%, with double-digit growth in Automotive Refinish. The company also remained active in shareholder returns, distributing $772.7 million through dividends and the repurchase of 1.6 million shares.Sherwin-Williams (SHW) Reports Record Q1 EBITDA on Sales Growth and Margin Expansion
Looking ahead, the Sherwin-Williams Company (NYSE:SHW) reaffirmed its full-year 2026 adjusted diluted net income guidance of $11.50 to $11.90 per share. Management anticipates continued market volatility and potential inflationary pressures in logistics and raw materials, prompting targeted price increases and aggressive cost-reduction actions.
The Sherwin-Williams Company (NYSE:SHW) is a global leader in the manufacture, development, distribution, and sale of paints, coatings, and related products to professional, industrial, commercial, and retail customers.
While we acknowledge the potential of SHW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
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- Sherwin-Williams Increases Freight Utilization by 11% with Retail Store Delivery Solution by ITS Logistics
May 8, 2026
ITS Logistics
-- Partnership proves private fleets can improve utilization, protect brand standards, and scale for peak demand with strategic purchased transportation solutions. --
Sherwin-Williams Increases Freight Utilization by 11% with Retail Store Delivery Solution by ITS LogisticsPartnership proves private fleets can improve utilization, protect brand standards, and scale for peak demand with strategic purchased transportation solutions·GlobeNewswire Inc.
RENO, Nev., May 08, 2026 (GLOBE NEWSWIRE) -- ITS Logistics, an Echo Global Logistics company, announced that major paint manufacturer Sherwin-Williams increased freight utilization by 11% through ITS's retail store delivery solution — delivering 56 million pounds of freight to nearly 400 retail locations across the U.S. The solution has enabled Sherwin-Williams to scale peak season capacity while ensuring the brand's strict driver and operational standards are upheld by an external transportation provider.
"Drivers are usually pulling a blue Sherwin-Williams trailer. That's a 48-foot billboard going down the road,” said Ted Taxon, Regional Transportation Manager at Sherwin-Williams. “It's incredibly important to have a partner that recognizes and reflects the same standard as our Sherwin team.”
Sherwin-Williams operates a private contracted fleet to move freight across its nationwide network of manufacturing facilities, distribution centers, and retail locations. When spring arrives, peak season challenges fleet capacity at their Reno distribution center (DC), which services the West Coast, Pacific Northwest, and into Arizona, Idaho, and Utah. For the past two years, ITS has served as a seamless extension of Sherwin-Williams' private fleet, supporting outbound capacity when demand spikes and delivering directly to Sherwin-Williams stores and retail partners.
"When Sherwin-Williams reaches out, the expectation for us is to get equipment on-site the same day and deliver by the following day,” said Matthew Cooper, Division Manager of Retail at ITS Logistics. “Today, roughly 90% of the loads we manage are delivered within 24 hours of when the store originally expected them, which protects delivery timelines and prevents stockouts during their busiest season of the year.”
ITS Logistics’ store delivery solution addresses the most demanding fulfillment challenges for private fleets: balancing strict brand and driver standards with cost-effective implementation of purchased transportation support. Asset-based providers lack the speed and flexibility Sherwin-Williams needs to cover variable freight volumes when the company’s private fleet is at capacity. Fully brokered solutions can move quickly and are more cost-effective, but struggle to ensure carriers are indistinguishable from private fleet drivers. Multi-stop, high-touch freight presents its own challenges, and Sherwin-Williams requires drivers to be experienced in navigating tight shopping centers and customer-facing retail environments.
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ITS Logistics ensures all these expectations are met, handling carrier dispatch, driver briefing, store notification, ETA communication, and proactive delay advisement for every covered shipment.
“Our asset-lite model is key to the success of this high-service solution,” said Josh Allen, Chief Commercial Officer at ITS Logistics. “Drawing from our premium carriers and injecting ITS-owned assets already running on Sherwin-Williams’ lanes enables us to eliminate repositioning, backhaul, and capacity ceilings — ensuring speed and reducing costs so the solution is financially viable and complementary to Sherwin-Williams’ private fleet.”
Key results from the partnership include:
56 million pounds of freight delivered to Sherwin-Williams store locations by ITS carrier partners in 2025, with an additional 11.7 million pounds already moved in early 2026. 11% increase in outbound freight volumes from the Reno distribution center during the 2025 peak season, raising total freight utilization from 71.7% to 82.7%. Approximately 400 locations served, encompassing 90% of all Sherwin-Williams stores and retail partners within the Western United States.
"Purchased transportation could sometimes be construed as a necessary evil. I don't look at it that way. I look at it as building a partnership — one that gives us the flexibility to maintain a consistent fleet of drivers and increase capacity when there’s demand,” Taxon continued. “At the end of the day, this has been a successful partnership, and we will continue to utilize each other's strengths and needs as best we can to benefit both parties.”
ITS Logistics provides store delivery solutions for major retailers in the consumer goods and home improvement industries. To learn more about ITS Logistics' store delivery capabilities, visit here.
About Echo Global Logistics
Echo Global Logistics, Inc. is a leading provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 60 locations across North America, Echo offers freight brokerage and Managed Transportation Solutions across all major modes including Truckload, Partial Truckload, LTL, Intermodal, Cross-Border, Food-Grade and Temperature-Controlled shipping and warehousing, and Warehouse Services. Echo leverages its proprietary technology platform—including automation, machine learning, and AI-driven decision support—to help customers optimize transportation performance, improve visibility, and simplify supply chain execution across complex supply chains. For more information on Echo Global Logistics, visit: www.echo.com.
About ITS Logistics
ITS Logistics, an Echo Global Logistics company, is one of North America’s fastest-growing, asset-based modern 3PLs, providing solutions for the industry’s most complicated supply chain challenges. With a people-first culture committed to excellence, the company relentlessly strives to deliver unmatched value through best-in-class service, expertise, and innovation. The ITS Logistics portfolio features North America’s #16 asset-lite freight brokerage, a top drayage and intermodal solution, an asset-based dedicated fleet, an innovative cloud-based technology ecosystem, and a nationwide distribution and fulfillment network.
About The Sherwin-Williams Company
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® WaterSeal®, Cabot®, Suvinil® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches, while the Company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.
Media Contact:
Amber Good
LeadCoverage
amber@leadcoverage.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68144c74-26e4-452a-916f-77b3dd82e78a
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- IFF Q1 Earnings Beat Estimates on Volume Growth & Productivity Gains
May 6, 2026
International Flavors & Fragrances Inc. IFF reported adjusted earnings of $1.25 per share in first-quarter 2026, up 4.2% year over year. The result beat the Zacks Consensus Estimate of $1.08 by 15.7%.
Including one-time items, the company reported earnings of 66 cents per share against the prior-year quarter’s loss of $3.98.
International Flavors’ quarterly net sales were $2.741 billion, down 3.6% from the year-ago period but 3.4% above the $2.65 billion consensus mark. On a comparable currency-neutral basis, sales increased 3%, supported by volume gains across all four segments.
International Flavors & Fragrances Inc. Price, Consensus and EPS Surprise
International Flavors & Fragrances Inc. price-consensus-eps-surprise-chart | International Flavors & Fragrances Inc. Quote
IFF's Q1 Margins Improved on Productivity Gains
Below the top line, IFF’s quarter reflected better operating execution despite the headline sales decline. In the reported quarter, IFF’s cost of goods sold was down 5% year over year to $1.7 billion. Gross profit dipped 1.6% to around $1 billion. The gross margin came in at 37.1% compared with 36.4% in the year-ago quarter.
Research and development expenses decreased 7.4% year over year to $427 million. Selling and administrative expenses inched up 1.2% to $166 million in the quarter. Adjusted operating EBITDA came in at $568 million, up 11.6% from the prior-year quarter’s $509 million. The adjusted operating EBITDA margin was 20.7% compared with the year-ago quarter’s 17.9%.
On a comparable currency-neutral basis, adjusted operating EBITDA improved 8% compared with the prior year, aided by volume growth and productivity gains.
International Flavors' Segments Show Broad Volume Growth
Net sales in the Taste segment increased 5.6% year over year to $656 million in quarter. The figure surpassed our estimate of $649 million. On a comparable basis, currency neutral sales rose 2% with broad-based growth in all regions. The segment’s adjusted operating EBITDA was $153 million, down 29% year over year. Our estimate for the segment’s adjusted EBITDA was $139 million.
Net sales in the Food Ingredients segment rose 7.7% year over year to $839 million in the March-ended quarter. The figure beat our estimate of $797 million. On a comparable basis, currency neutral sales rose 3% attributed to volume growth in nearly all businesses. The adjusted operating EBITDA was $114 million, up 5.6% year over year. Our estimate for the segment’s adjusted EBITDA was $118 million.
Sales generated in the Health & Bioscience segment were $595 million compared with the year-earlier quarter’s $540 million. Our estimate was $558 million. On a comparable basis, currency neutral sales were up 5% with growth in nearly all businesses, led by Animal Nutrition and Food Biosciences. The adjusted operating EBITDA was $153 million in the quarter, up 13.3% year over year. Our estimate for the segment’s adjusted EBITDA was $169 million.
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The Scent segment’s sales were $651 million, up 6% year over year. Our projection was $637 million. On a comparable basis, currency neutral sales inched up 1% as growth in Consumer Fragrances and Fine Fragrances was partially offset by a decline in Fragrance Ingredients. The adjusted operating EBITDA increased 5% year over year to $148 million. Our model had projected EBITDA of $158 million.
International Flavors' Cash Flow Rose, Leverage Steady
Cash generation improved meaningfully with International Flavors generating $257 million in cash from operating activities in the first quarter, higher than $1.27 million in the prior-year quarter. Free cash flow was at $92 million after $165 million of capital expenditures.
IFF had cash and cash equivalents of $562 million at the end of the first quarter of 2026, down from $590 million at the end of 2025. Long-term debt was $4.74 billion at the quarter-end compared with $4.74 billion at the end of 2025. Net debt to credit adjusted EBITDA was 2.5x.
International Flavors Maintains 2026 Guidance
Looking ahead, IFF reaffirmed its full-year 2026 guidance despite what management described as an unsettled operating environment. The company expects sales for fiscal 2026 between $10.5 billion and $10.8 billion. Adjusted EBITDA is expected between $2.05 billion and $2.15 billion.
International Flavors continues to expect comparable currency neutral sales growth to be between 1% to 4%, and comparable currency neutral adjusted operating EBITDA growth to be 3-8%.
IFF's Food Ingredients Review and Portfolio Actions
Portfolio actions remained a key part of the quarter’s narrative. IFF said it is progressing a disciplined sale process for its Food Ingredients business as it works to maximize value for shareholders. The company also updated the timing assumptions embedded in its full-year view following the divestiture of its Soy Crush, Concentrates and Lecithin business, which closed on March 2, 2026.
IFF Stock’s Price Performance
In the past year, the company’s shares have lost 6% against the industry’s growth of 4.6%.Zacks Investment Research
Image Source: Zacks Investment Research
International Flavors’ Zacks Rank
IFF currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Chemical - Specialty Stocks in Q1
Linde plc LIN reported first-quarter 2026 adjusted earnings per share (EPS) of $4.33, up 10% from $3.95 a year ago. The figure topped the Zacks Consensus Estimate of $4.27 by 1.41%.
Total quarterly revenues of $8.78 billion rose 8% from $8.11 billion recorded in the year-ago period. The top line beat the Zacks Consensus Estimate of $8.51 billion by 3.17%. The strong quarterly results can be attributed to higher pricing and incremental project start-ups, which supported underlying growth.
PPG Industries, Inc. PPG delivered adjusted earnings of $1.83 per share in the first quarter of 2026, up 6.4% year over year and in line with the Zacks Consensus Estimate.
Revenues came in at $3.93 billion, up 6.7% from the year-ago quarter and ahead of the consensus mark of $3.84 billion by 2.4%. Results benefited from higher selling prices and a sizable foreign currency translation lift, while organic sales increased 1% year over year.
The Sherwin-Williams Company SHW reported first-quarter 2026 earnings of $2.15 per share, up 7.5% from the year-ago quarter figure of $2.
Barring one-time items, earnings were $2.35 per share. The bottom line beat the Zacks Consensus Estimate of $2.24, delivering an earnings surprise of 4.9%.
Revenues were $5.67 billion, up 6.8% year over year and ahead of the Zacks Consensus Estimate of $5.57 billion. Net income rose 6.1% to $534.7 million, representing 9.4% of net sales, as management pointed to growth initiatives and share gains despite soft demand conditions. Sherwin-Williams attributed the improvement primarily to higher sales and moderating raw material costs, partially offset by the dilutive impact of the Suvinil acquisition.
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The Sherwin-Williams Company (SHW) : Free Stock Analysis Report
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International Flavors & Fragrances Inc. (IFF) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).
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- When Should You Buy The Sherwin-Williams Company (NYSE:SHW)?
May 6, 2026
Today we're going to take a look at the well-established The Sherwin-Williams Company (NYSE:SHW). The company's stock saw significant share price movement during recent months on the NYSE, rising to highs of US$373 and falling to the lows of US$304. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Sherwin-Williams' current trading price of US$312 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Sherwin-Williams’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
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Is Sherwin-Williams Still Cheap?
According to our valuation model, Sherwin-Williams seems to be fairly priced at around 6.6% below our intrinsic value, which means if you buy Sherwin-Williams today, you’d be paying a fair price for it. And if you believe that the stock is really worth $334.45, then there isn’t much room for the share price grow beyond what it’s currently trading. So, is there another chance to buy low in the future? Given that Sherwin-Williams’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. This is based on its high beta, which is a good indicator for share price volatility.
View our latest analysis for Sherwin-Williams
What does the future of Sherwin-Williams look like?NYSE:SHW Earnings and Revenue Growth May 6th 2026
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. Sherwin-Williams' earnings over the next few years are expected to increase by 32%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value.
What This Means For You
Are you a shareholder? SHW’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?
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Are you a potential investor? If you’ve been keeping an eye on SHW, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. At Simply Wall St, we found 1 warning sign for Sherwin-Williams and we think they deserve your attention.
If you are no longer interested in Sherwin-Williams, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- The Dow's Early Gains Slipped Away. The S&P 500 and Nasdaq are Still at Records.
May 1, 2026
The Dow's early gains slipped away on Friday. The blue-chip index was down slightly after rallying more than 300 points earlier in the session. The S&P 500 was up 0.6% and the Nasdaq was up 1%. Both hit record intraday highs and would mark closing highs if manage a gain.
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- The Sherwin-Williams Company (NYSE:SHW) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 1, 2026
Shareholders might have noticed that The Sherwin-Williams Company (NYSE:SHW) filed its quarterly result this time last week. The early response was not positive, with shares down 4.8% to US$322 in the past week. The result was positive overall - although revenues of US$5.7b were in line with what the analysts predicted, Sherwin-Williams surprised by delivering a statutory profit of US$2.15 per share, modestly greater than expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
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After the latest results, the 23 analysts covering Sherwin-Williams are now predicting revenues of US$24.7b in 2026. If met, this would reflect an okay 3.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 2.9% to US$10.91. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$24.6b and earnings per share (EPS) of US$10.89 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
View our latest analysis for Sherwin-Williams
It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$378. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Sherwin-Williams analyst has a price target of US$420 per share, while the most pessimistic values it at US$268. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Sherwin-Williams'historical trends, as the 4.2% annualised revenue growth to the end of 2026 is roughly in line with the 4.1% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 5.2% annually. So it's pretty clear that Sherwin-Williams is expected to grow slower than similar companies in the same industry.
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The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Sherwin-Williams' revenue is expected to perform worse than the wider industry. The consensus price target held steady at US$378, with the latest estimates not enough to have an impact on their price targets.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Sherwin-Williams going out to 2028, and you can see them free on our platform here..
Even so, be aware that Sherwin-Williams is showing 1 warning sign in our investment analysis, you should know about...
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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- Paint Giant Sherwin-Williams Sees 'Little To No Recovery' In End Markets
Apr 30, 2026
Sherwin-Williams Company shares fell Tuesday after the company reported first-quarter results that topped Wall Street expectations but issued a cautious outlook for the year.
Sherwin-Williams Quarterly Report
The paint and coatings maker reported adjusted earnings of $2.35 per share, exceeding the analyst consensus estimate of $2.26. Quarterly sales rose to $5.67 billion, ahead of the Street view of $5.56 billion.
Segment Performance Shows Broad Growth
Net sales in the Paint Stores Group increased 3.7% year over year to $3.05 billion. Consumer Brands Group sales jumped 19.2% to $908.3 million, while Performance Coatings Group sales climbed 6.5% to $1.706 billion.
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Gross profit rose to $2.78 billion from $2.56 billion a year earlier, and gross margin expanded to 49.1% from 48.2%. The company ended the quarter with $216.9 million in cash and equivalents.
Chair, President and CEO Heidi G. Petz said selling, general and administrative expenses increased by a mid-single-digit percentage, excluding headwinds related to Suvinil, non-annualized operating costs, depreciation tied to new facilities and foreign currency translation.
Outlook Signals Caution
Looking ahead, Sherwin-Williams expects fiscal 2026 adjusted earnings in the range of $11.50 to $11.90 per share, compared with the consensus estimate of $11.74. The company forecasts net sales growth in the low- to mid-single-digit percentage range for the year.
For the second quarter, Sherwin-Williams projects net sales growth in the mid-single-digit percentage range compared with the prior-year period.
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Macro Headwinds Weigh on Demand Outlook
Petz said the company expects little to no recovery in most end markets this year, citing current customer sentiment and leading indicators.
She added that geopolitical events are contributing to demand uncertainty, along with potential inflation in raw materials, energy, logistics, and packaging.
The company said it is implementing targeted price increases across end markets and geographies and expects full-year price and mix to trend toward the high end of its prior low-single-digit guidance range.
It also plans to offset cost pressures through aggressive cost reduction measures, while remaining prepared to enact additional pricing actions if volatility in raw materials persists.
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- Sherwin-Williams Co (SHW) Q1 2026 Earnings Call Highlights: Strong Sales Growth Amid Market ...
Apr 29, 2026
This article first appeared on GuruFocus.
Consolidated Sales Growth: High single-digit percentage, including a low single-digit contribution from the Suvinil acquisition. Gross Margin Expansion: Increased by 90 basis points. SG&A Increase: Mid-single-digit percentage, excluding certain anticipated headwinds. Adjusted Diluted Net Income Per Share: Increased by a mid-single-digit percentage. Adjusted EBITDA Growth: High single-digit percentage increase. Net Operating Cash Improvement: Improved by $200 million. Capital Return to Shareholders: $773 million through share buybacks and dividends. Net Debt to Adjusted EBITDA Ratio: 2.5 times. Paint Stores Group Sales Growth: Mid-single-digit percentage. New Store Openings: 21 new stores opened; 27 stores closed. Consumer Brands Sales Growth: High-teens growth from the Suvinil acquisition. Performance Coatings Group Sales Growth: Slightly above mid-single-digit range. Automotive Refinish Sales Growth: Low-teens percentage increase. Packaging Sales Growth: High single-digit increase.
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Release Date: April 28, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Sherwin-Williams Co (NYSE:SHW) delivered strong sales growth in a challenging environment, with consolidated sales growing by a high single-digit percentage. The company achieved year-over-year gross margin expansion for the 14th time in the last 15 quarters, with a 90 basis point increase. Net operating cash improved by $200 million, driven by increased net income and better working capital management. Sherwin-Williams Co (NYSE:SHW) returned $773 million to shareholders through share buybacks and dividends, demonstrating a disciplined capital allocation strategy. The company is well-positioned to manage raw material supply challenges, with over 80% of its revenue sourced from North America, reducing exposure to global supply disruptions.
Negative Points
Sherwin-Williams Co (NYSE:SHW) faces persistent demand softness in most end markets, with little support for meaningful recovery expected. The company anticipates negative impacts on demand due to the Middle East conflict, adding complexity and uncertainty to the macroeconomic landscape. Raw material inflation is expected to increase, with costs for oil, natural gas, and key petrochemical feedstocks remaining volatile. SG&A expenses increased by a mid-single-digit percentage, driven by nonannualized acquisition costs, new building costs, and foreign currency translation impacts. Volume growth is expected to be more muted, with the company adjusting its full-year guidance to reflect a low single-digit decline in volumes.
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Q & A Highlights
Q: Can you explain the more surgical approach to pricing given the global cost pressures? A: Heidi Petz, CEO, explained that the company is leveraging its experience in managing different cycles to apply pricing strategically. Ben Meisenzahl, CFO, added that the company has doubled its pricing guidance since January, reflecting regional and industrial variations in cost pressures.
Q: What are the main drivers behind the increased raw material cost outlook? A: James Jaye, SVP of Investor Relations, noted that the most pressure is on industrial inputs like solvents and resins, driven by propylene price increases due to Middle East tensions. The company is largely insulated in North America due to regional sourcing.
Q: How is Sherwin-Williams managing volume expectations amid changing market conditions? A: Ben Meisenzahl, CFO, stated that while volume expectations have been adjusted downward, stronger pricing is expected to offset this. The company is focusing on balancing price with volume, especially given current consumer sentiment.
Q: How is Sherwin-Williams positioned to gain market share in the current environment? A: Heidi Petz, CEO, emphasized aggressive strategies to capture market share, particularly in residential repaint and commercial segments, despite a challenging market. The company is focusing on strategic investments and operational flexibility.
Q: What is the outlook for the Consumer Brands segment's margin improvement? A: Ben Meisenzahl, CFO, attributed margin improvements to global supply chain efficiencies and better price mix. The company expects continued low 20s margins in this segment.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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