KeyCorp Predicts Sherwin-Williams' Q3 Earnings (NYSE:SHW)

Key Points

• KeyCorp estimates Sherwin-Williams will report Q3 2026 EPS of $3.63, with forecasts of $2.43 for Q4 2026, $13.25 for FY2027 and $15.20 for FY2028.
• Sherwin-Williams recently beat quarterly expectations, reporting $3.70 EPS versus $3.52 expected and $6.79 billion in revenue, up 7.5% year over year. The company’s FY2026 EPS guidance is $11.80–$12.20.
• The stock has a “Moderate Buy” consensus rating with an average price target of $386.29, while shares recently traded at $317.42. Sherwin-Williams also declared a quarterly dividend of $0.80 per share, representing a 1.0% annualized yield.

The Sherwin-Williams Company (NYSE:SHW - Free Report) - KeyCorp issued their Q3 2026 earnings per share (EPS) estimates for shares of Sherwin-Williams in a research note issued on Thursday, September 10th. KeyCorp analyst S. Tiano expects that the specialty chemicals company will post earnings per share of $3.63 for the quarter. The consensus estimate for Sherwin-Williams' current full-year earnings is $12.08 per share. KeyCorp also issued estimates for Sherwin-Williams' Q4 2026 earnings at $2.43 EPS, FY2027 earnings at $13.25 EPS and FY2028 earnings at $15.20 EPS.

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, topping the consensus estimate of $3.52 by $0.18. The business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.60 billion. Sherwin-Williams had a return on equity of 67.97% and a net margin of 11.01%.Sherwin-Williams's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.38 earnings per share. Sherwin-Williams has set its FY 2026 guidance at 11.800-12.200 EPS.

SHW has been the topic of a number of other reports. UBS Group restated a "neutral" rating and set a $390.00 target price on shares of Sherwin-Williams in a report on Wednesday, July 29th. Guggenheim initiated coverage on shares of Sherwin-Williams in a research report on Monday, August 3rd. They issued a "buy" rating and a $400.00 price objective for the company. Wells Fargo & Company set a $360.00 price objective on shares of Sherwin-Williams and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. DA Davidson set a $400.00 target price on shares of Sherwin-Williams and gave the company a "buy" rating in a report on Monday, August 24th. Finally, Royal Bank Of Canada reiterated 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. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and an average target price of $386.29.

Sherwin-Williams Trading Down 1.0%

Shares of Sherwin-Williams stock opened at $317.42 on Friday. The stock has a market cap of $77.06 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.39 and a beta of 1.09. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 2.16. Sherwin-Williams has a 12-month low of $289.86 and a 12-month high of $377.77. The business's 50 day moving average is $341.31 and its 200-day moving average is $329.80.

Institutional Investors Weigh In On Sherwin-Williams

Several hedge funds have recently bought and sold shares of the stock. Sapient Capital LLC lifted its holdings in Sherwin-Williams by 0.3% during the 4th quarter. Sapient Capital LLC now owns 9,176 shares of the specialty chemicals company's stock worth $2,993,000 after purchasing an additional 30 shares during the last quarter. Eastern Bank grew its holdings in Sherwin-Williams by 50.8% in the 2nd quarter. Eastern Bank now owns 89 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 30 shares in the last quarter. Deseret Mutual Benefit Administrators increased its position in Sherwin-Williams by 6.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 527 shares of the specialty chemicals company's stock worth $171,000 after buying an additional 31 shares during the period. Heartland Bank & Trust Co lifted its holdings in shares of Sherwin-Williams by 2.8% during the first quarter. Heartland Bank & Trust Co now owns 1,174 shares of the specialty chemicals company's stock worth $376,000 after buying an additional 32 shares in the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Sherwin-Williams by 8.5% during the first quarter. Physician Wealth Advisors Inc. now owns 432 shares of the specialty chemicals company's stock worth $138,000 after buying an additional 34 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 in the company, valued at approximately $7,737,179.90. This trade represents a 38.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Karl J. Jorgenrud sold 7,886 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $368.30, for a total transaction of $2,904,413.80. Following the completion of the transaction, the insider owned 11,944 shares in the company, valued at approximately $4,398,975.20. This trade represents a 39.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company's stock.

Sherwin-Williams Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 21st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams's payout ratio is 29.49%.

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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