Sherwin-Williams (NYSE:SHW) Upgraded at KeyCorp

Key Points

• KeyCorp upgraded Sherwin-Williams to a “hold” rating and issued 2026–2028 earnings estimates ranging from $3.63 to $15.20 per share. Analysts overall maintain a “Moderate Buy” consensus with an average price target of $386.29.
• Sherwin-Williams’ latest quarter exceeded expectations, with EPS of $3.70 versus the $3.52 consensus and revenue of $6.79 billion, up 7.5% year over year. The company reaffirmed fiscal 2026 guidance of $11.80–$12.20 EPS.
• The stock opened at $317.42, down 1.0%, and remains below its 50-day moving average of $341.31. Two insiders recently sold shares, while institutional investors own approximately 77.67% of the company.

Sherwin-Williams (NYSE:SHW - Get Free Report) was upgraded by investment analysts at KeyCorp to a "hold" rating in a report issued on Thursday, Zacks reports. KeyCorp also issued estimates for Sherwin-Williams' Q3 2026 earnings at $3.63 EPS, Q4 2026 earnings at $2.43 EPS, FY2027 earnings at $13.25 EPS and FY2028 earnings at $15.20 EPS.

Several other equities analysts have also recently issued reports on SHW. Citigroup reissued a "buy" rating on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Royal Bank Of Canada restated an "outperform" rating and issued a $405.00 target price (up from $391.00) on shares of Sherwin-Williams in a research note on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on shares of Sherwin-Williams from $365.00 to $380.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $420.00 price target on shares of Sherwin-Williams in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company set a $360.00 price target on shares of Sherwin-Williams and gave the stock an "equal weight" rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average target price of $386.29.

Sherwin-Williams Stock Down 1.0%

Sherwin-Williams stock opened at $317.42 on Thursday. The stock has a 50 day moving average of $341.31 and a two-hundred day moving average of $329.80. Sherwin-Williams has a twelve month low of $289.86 and a twelve month high of $377.77. The stock has a market capitalization of $77.06 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.39 and a beta of 1.09. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 2.16.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $0.18. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the previous year, the company posted $3.38 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS. As a group, research analysts expect that Sherwin-Williams will post 12.08 earnings per share for the current year.

Insider Buying and Selling at Sherwin-Williams

In other news, insider Karl J. Jorgenrud sold 7,886 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $368.30, for a total value of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares in the company, valued at $4,398,975.20. This trade represents a 39.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Justin Binns sold 13,500 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $352.70, for a total transaction of $4,761,450.00. Following the completion of the sale, the insider owned 21,937 shares of the company's stock, valued at $7,737,179.90. This trade represents a 38.10% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in Sherwin-Williams by 73.6% during the fourth quarter. Brighton Jones LLC now owns 1,545 shares of the specialty chemicals company's stock worth $525,000 after purchasing an additional 655 shares in the last quarter. Empowered Funds LLC increased its position in shares of Sherwin-Williams by 11.2% in the first quarter. Empowered Funds LLC now owns 6,236 shares of the specialty chemicals company's stock valued at $2,178,000 after buying an additional 626 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Sherwin-Williams during the 2nd quarter worth $1,210,000. Sei Investments Co. raised its stake in shares of Sherwin-Williams by 43.6% during the 2nd quarter. Sei Investments Co. now owns 196,915 shares of the specialty chemicals company's stock worth $67,612,000 after buying an additional 59,831 shares during the last quarter. Finally, Glenview Trust co boosted its position in shares of Sherwin-Williams by 4.8% in the 2nd quarter. Glenview Trust co now owns 3,249 shares of the specialty chemicals company's stock worth $1,116,000 after buying an additional 148 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

About Sherwin-Williams

The Sherwin-Williams Company NYSE: SHW develops, manufactures, distributes and sells paints, coatings, floorcoverings and related products. Its offerings serve professional contractors, industrial and commercial customers, retailers and do-it-yourself consumers, with products used in residential, commercial, industrial and infrastructure applications.

The company operates through three primary business segments: Paint Stores Group, which supplies professional painting contractors through company-operated stores; Consumer Brands Group, which markets products through home-improvement retailers and other channels; and Performance Coatings Group, which provides specialized coatings for industrial, automotive, aerospace, packaging and other markets.

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