Sherwin-Williams (NYSE:SHW) Issues Earnings Results

Sherwin-Williams (NYSE:SHW) announced its quarterly earnings results on Tuesday. The specialty chemicals company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.52 by $0.18, FiscalAI reports. Sherwin-Williams had a return on equity of 64.55% and a net margin of 10.86%.The firm had revenue of $6.79 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same period in the prior year, the business posted $3.38 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Sherwin-Williams updated its FY 2026 guidance to 11.800-12.200 EPS.

Sherwin-Williams Stock Performance

NYSE:SHW opened at $327.27 on Tuesday. The company has a market capitalization of $80.72 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 2.47 and a beta of 1.10. The business has a 50 day moving average of $321.21 and a 200 day moving average of $332.13. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.86 and a quick ratio of 0.53. Sherwin-Williams has a 1-year low of $289.86 and a 1-year high of $379.65.

Sherwin-Williams Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 21st will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Sherwin-Williams’s dividend payout ratio (DPR) is currently 30.71%.

Analyst Upgrades and Downgrades

SHW has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Sherwin-Williams from $365.00 to $350.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Evercore reissued an “outperform” rating on shares of Sherwin-Williams in a report on Friday, May 8th. JPMorgan Chase & Co. reduced their price target on shares of Sherwin-Williams from $385.00 to $365.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citigroup began coverage on shares of Sherwin-Williams in a report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Finally, BMO Capital Markets lifted their price objective on Sherwin-Williams from $355.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.92.

Key Headlines Impacting Sherwin-Williams

Here are the key news stories impacting Sherwin-Williams this week:

• Positive Sentiment: Quarterly results exceeded expectations. Adjusted earnings were $3.70 per share, above the $3.52 Zacks consensus and up from $3.38 a year ago. Revenue increased 7.5% year over year to $6.79 billion, beating the $6.60 billion analyst estimate. Sherwin-Williams Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its 2026 outlook. Adjusted EPS guidance is now $11.80-$12.20, above the $11.74 consensus estimate, while expected full-year sales growth increased to the mid- to high-single-digit range from the prior low- to mid-single-digit forecast. Sherwin-Williams Lifts Outlook as Profit, Sales Climb
• Positive Sentiment: Growth was broad-based. Paint Stores Group sales rose 5.1%, same-store sales increased 4.2%, Consumer Brands Group sales jumped 21.5% partly due to the Suvinil acquisition, and Performance Coatings sales grew 6.3%. The company also returned $2.23 billion to shareholders through dividends and buybacks during the first half of 2026. Sherwin-Williams Q2 Sales Rise 7.5 Percent
• Negative Sentiment: Input-cost inflation pressured gross margin. Continued raw-material cost increases could limit profit expansion and remain a key risk to the upgraded earnings outlook. Sherwin-Williams Second Quarter Financial Results

Institutional Investors Weigh In On Sherwin-Williams

A number of institutional investors have recently made changes to their positions in the business. Howe & Rusling Inc. raised its position in Sherwin-Williams by 2.7% in the 4th quarter. Howe & Rusling Inc. now owns 1,308 shares of the specialty chemicals company’s stock worth $424,000 after purchasing an additional 35 shares during the period. Hilltop Holdings Inc. boosted its position in Sherwin-Williams by 0.6% during the fourth quarter. Hilltop Holdings Inc. now owns 5,811 shares of the specialty chemicals company’s stock valued at $1,883,000 after buying an additional 35 shares during the period. Resources Management Corp CT ADV grew its stake in shares of Sherwin-Williams by 1.0% during the second quarter. Resources Management Corp CT ADV now owns 4,241 shares of the specialty chemicals company’s stock valued at $1,456,000 after buying an additional 40 shares during the last quarter. L2 Asset Management LLC grew its stake in shares of Sherwin-Williams by 4.3% during the third quarter. L2 Asset Management LLC now owns 1,081 shares of the specialty chemicals company’s stock valued at $374,000 after buying an additional 45 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Sherwin-Williams by 1.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the specialty chemicals company’s stock worth $950,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.

Sherwin-Williams Company Profile

Sherwin-Williams (NYSE: SHW) is a global manufacturer and distributor of paints, coatings and related products. Founded in 1866 and headquartered in Cleveland, Ohio, the company supplies a broad range of coatings for residential, commercial and industrial applications. Its product offering includes architectural paints and stains, industrial and protective coatings, automotive finishes, and a variety of sundry products such as primers, sealants and specialty treatments used by professionals and consumers.

The company sells through multiple channels, including a large network of company-operated retail paint stores that serve professional contractors and do-it-yourself consumers, as well as through distributors and mass retailers.