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Sherwin-Williams Co (SHW)

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Upturn Advisory Summary
01/09/2026: SHW (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $386.62
1 Year Target Price $386.62
| 10 | Strong Buy |
| 5 | Buy |
| 11 | Hold |
| 1 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 26.04% | Avg. Invested days 57 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 88.08B USD | Price to earnings Ratio 34.47 | 1Y Target Price 386.62 |
Price to earnings Ratio 34.47 | 1Y Target Price 386.62 | ||
Volume (30-day avg) 28 | Beta 1.26 | 52 Weeks Range 306.78 - 378.76 | Updated Date 01/9/2026 |
52 Weeks Range 306.78 - 378.76 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 0.90% | Basic EPS (TTM) 10.25 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 11.05% | Operating Margin (TTM) 18.2% |
Management Effectiveness
Return on Assets (TTM) 9.19% | Return on Equity (TTM) 59.94% |
Valuation
Trailing PE 34.47 | Forward PE 26.67 | Enterprise Value 97875224738 | Price to Sales(TTM) 3.78 |
Enterprise Value 97875224738 | Price to Sales(TTM) 3.78 | ||
Enterprise Value to Revenue 4.21 | Enterprise Value to EBITDA 22.25 | Shares Outstanding 247893513 | Shares Floating 227981633 |
Shares Outstanding 247893513 | Shares Floating 227981633 | ||
Percent Insiders 7.18 | Percent Institutions 84.36 |
Upturn AI SWOT
Sherwin-Williams Co

Company Overview
History and Background
The Sherwin-Williams Company was founded in 1866 by Henry Sherwin and Edward Williams in Cleveland, Ohio. It has grown from a small paint manufacturer to a global leader in the coatings industry. Key milestones include the development of ready-mixed paint, expansion into international markets, and numerous strategic acquisitions that have broadened its product portfolio and market reach.
Core Business Areas
- The Americas Group: This segment is the largest and operates a network of company-operated paint stores in the United States, Canada, Latin America, and the Caribbean. It serves professional contractors and do-it-yourself (DIY) customers with a wide range of architectural paints, coatings, and related products.
- Consumer Brands Group: This segment manufactures and distributes a variety of paints, coatings, and related products under well-known brand names to retailers, wholesalers, and distributors globally. Products include architectural paints, stains, and protective coatings for residential and commercial use.
- Performance Coatings Group: This segment develops, manufactures, and sells a broad range of industrial coatings and finishes to original equipment manufacturers (OEMs) and other industrial clients. Its products are used in industries such as automotive, aerospace, marine, and general industrial manufacturing.
Leadership and Structure
Sherwin-Williams is led by a Board of Directors and a senior executive team. Key leadership roles include the Chief Executive Officer, Chief Financial Officer, and heads of various business segments and corporate functions. The company operates on a decentralized model with significant autonomy granted to its segment leaders to drive performance within their respective markets.
Top Products and Market Share
Key Offerings
- Sherwin-Williams Brand Architectural Paints: A comprehensive line of interior and exterior paints, primers, and stains for residential and commercial applications. This is a flagship product line and a major revenue driver. Competitors include PPG Industries (Glidden, Olympic), Benjamin Moore (owned by Berkshire Hathaway), and Dunn-Edwards.
- Valspar Brand Coatings: A diverse range of paints and coatings for architectural, industrial, and packaging applications. Acquired through the Valspar acquisition, this brand significantly expanded Sherwin-Williams' presence in consumer and industrial markets. Competitors are broad and depend on the specific product category.
- Industrial Coatings: Specialized coatings for a wide array of industrial applications including automotive finishes, aerospace coatings, protective and marine coatings, and packaging coatings. These are high-performance products often developed in close collaboration with OEMs. Major competitors include PPG Industries, AkzoNobel, and Axalta Coating Systems.
Market Dynamics
Industry Overview
The global paints and coatings industry is driven by construction activity (new builds and renovations), industrial production, and consumer spending on home improvement. The industry is characterized by a mix of large multinational corporations and smaller regional players. Trends include a growing demand for eco-friendly and low-VOC (Volatile Organic Compound) products, technological advancements in coating performance, and consolidation through mergers and acquisitions.
Positioning
Sherwin-Williams is a leading global manufacturer and marketer of paints, coatings, and related products. Its competitive advantages lie in its extensive distribution network (especially its company-owned stores), strong brand recognition, broad product portfolio catering to diverse end markets, and its ability to innovate and develop specialized coatings. The acquisition of Valspar significantly enhanced its global reach and product offering.
Total Addressable Market (TAM)
The global paints and coatings market is estimated to be valued in the hundreds of billions of dollars. Sherwin-Williams, as one of the largest players, holds a significant but not dominant share of this TAM, with considerable opportunities for expansion in various geographies and end-use segments.
Upturn SWOT Analysis
Strengths
- Extensive and well-established distribution network, particularly its company-owned stores.
- Strong brand recognition and customer loyalty.
- Diverse product portfolio serving multiple end markets.
- Significant investments in research and development leading to innovative products.
- Synergies and scale benefits from strategic acquisitions (e.g., Valspar).
Weaknesses
- Dependence on construction and renovation cycles which can be cyclical.
- Exposure to raw material price volatility.
- Intense competition from both large and small players.
Opportunities
- Growth in emerging markets with increasing urbanization and disposable income.
- Demand for sustainable and eco-friendly coatings.
- Expansion into new product categories and adjacent markets.
- Continued consolidation within the industry through strategic acquisitions.
Threats
- Economic downturns impacting construction and industrial activity.
- Increasing regulatory pressures related to environmental standards.
- Disruptions in supply chains and raw material availability.
- Intensifying price competition.
Competitors and Market Share
Key Competitors
- PPG Industries, Inc. (PPG)
- Masco Corporation (MAS)
- RPM International Inc. (RPM)
Competitive Landscape
Sherwin-Williams competes across various segments with companies of different sizes and specializations. Its advantages include its vast store network and strong brand equity in the architectural paint segment. Its disadvantages may arise from its significant exposure to the cyclicality of the construction industry compared to more diversified competitors.
Major Acquisitions
Valspar Corporation
- Year: 2017
- Acquisition Price (USD millions): 11300
- Strategic Rationale: To significantly expand Sherwin-Williams' global reach, product portfolio, and customer base, particularly in the consumer brands and industrial coatings segments. The acquisition aimed to create a more diversified and resilient business.
Growth Trajectory and Initiatives
Historical Growth: Sherwin-Williams has demonstrated consistent historical growth, fueled by both organic sales increases and strategic acquisitions. Its expansion has been driven by increasing market penetration in North America and expanding its presence in international markets. The integration of Valspar significantly accelerated its growth trajectory.
Future Projections: Analyst projections for Sherwin-Williams generally anticipate continued revenue growth, driven by ongoing demand in both professional and DIY segments, as well as its industrial coatings business. Profitability is expected to remain strong, supported by operational efficiencies and strategic pricing. Growth is projected to be moderate to strong, influenced by macroeconomic conditions and the company's ability to execute its growth strategies.
Recent Initiatives: Recent initiatives have likely focused on driving profitable growth in its core segments, optimizing its supply chain, expanding its digital presence, and continuing to innovate with sustainable and high-performance coating solutions. Further integration of past acquisitions and potentially new strategic tuck-in acquisitions are also key areas of focus.
Summary
Sherwin-Williams is a robust player in the global paints and coatings market, benefiting from its strong brand, extensive distribution, and diverse product offerings. Its consistent financial performance, dividend growth, and strategic acquisitions highlight its strength. However, it must navigate the cyclicality of the construction industry, raw material cost volatility, and increasing environmental regulations. Continued innovation and market expansion will be key to its sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- The Sherwin-Williams Company Official Investor Relations Website
- Financial News and Analysis Platforms (e.g., Bloomberg, Refinitiv, Yahoo Finance)
- Industry Research Reports
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute investment advice. Financial data, market share, and projections are subject to change and should be independently verified. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sherwin-Williams Co
Exchange NYSE | Headquaters Cleveland, OH, United States | ||
IPO Launch date 1985-07-01 | Chairman, CEO & President Ms. Heidi G. Petz | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 63890 | Website https://www.sherwin-williams.com |
Full time employees 63890 | Website https://www.sherwin-williams.com | ||
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, 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. The Paint Stores Group segment offers architectural paint and coatings; protective and marine products; and OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners under the Sherwin-Williams brand. The Consumer Brands Group segment supplies a portfolio of branded and private-label architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives to retailers, including home centers and hardware stores, and dedicated dealers and distributors. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial applications; automotive refinish products; protective and marine coatings; coil coatings; packaging coatings; and performance-based resins and colorants. This segment serves retailers, dealers, jobbers, licensees, and other third-party distributors. The company has operations in the North and South America, the Caribbean, Europe, Asia, and Australia. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

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