Sherwin-Williams Company (The)NYSE: SHW
Materials · Specialty Chemicals
$323.89
+4.70%
Vol: 276K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours. Only generic valuation and dividend-streak commentary surfaced, with no dated event inside the window.
May 21Sherwin-Williams named John Deere Indirect Global Supplier of the Year and Partner-level supplierPositive▶
On May 19, 2026, John Deere recognized Sherwin-Williams General Industrial as a Partner-level supplier for 2025 and named the company Indirect Global Supplier of the Year, reinforcing its position in industrial coatings. The recognition follows Q1 2026 net sales of $3.9B (+7% YoY) driven by higher volumes and pricing. Sherwin-Williams also recently introduced specialized coating systems and a Data Center Facility Guide targeted at AI-driven data center infrastructure. The new Cleveland global headquarters opened May 10. Despite the operational positives, shares are down ~7% over the past month, with Evercore ISI lifting its PT to $400 (Outperform) on May 8.
May 20Sherwin-Williams' share price remains under pressure despite Evercore ISI lifting its price target to $400 on May 8 and the company's new AI data-center coatings push.Mixed▶
Sherwin-Williams has lagged the tape over the past month, with shares down roughly 7% in 30 days and 15% over three months as concerns linger about end-market softness. Evercore ISI's Greg Melich raised the firm's price target on SHW to $400 from $390 on May 8, reiterating Outperform. Earlier in May, the company unveiled a Protective & Marine data-center coatings suite and Data Center Facility Guide aimed at AI-era thermal, power, and contamination risks, framing itself as a materials partner for repeatable data-center builds. Q1 2026 revenue of $5.7B and adjusted EPS of $2.35 both beat consensus, though shares fell ~3.5% post-print. Consensus is Moderate Buy across 25 analysts with an average target near $381.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Sherwin-Williams stock continues weakness despite Evercore PT hike to $400, with shares down ~7% over the past month amid soft DIY demand.Mixed▶
Sherwin-Williams opened its new global headquarters in downtown Cleveland on May 10 with Governor Mike DeWine attending the ribbon cutting; JobsOhio committed $37.5M to the 1M sq ft campus including a 36-story office tower. The company reported Q1 2026 net sales of $3.9B, up 7% YoY, driven by volume and pricing actions, with Automotive Refinish sales up low-teens on high-single-digit volume gains; adjusted EPS of $2.35 beat estimates but shares fell 3.5% on the report. On May 8 Evercore ISI's Greg Melich raised its PT to $400 from $390 (Outperform). SHW declared a $0.80 cash dividend with ex-date May 22. Shares traded around $309.18 as of May 15, down about 7% over the past month and 15% over the past three months. The company is positioning toward AI data center coatings as a growth lever.
May 15Evercore ISI raised Sherwin-Williams price target to $400 from $390 amid focus on AI data-center coatings strategy.Mixed▶
Evercore ISI lifted its Sherwin-Williams price target to $400 from $390 on May 8, 2026, keeping a positive view tied to longer-duration contracts in AI data-center coatings. The company also opened its new $37.5M-backed global headquarters in downtown Cleveland with Ohio Governor DeWine attending the ribbon-cutting. SHW announced a $0.80 quarterly dividend going ex on May 22, continuing its 47-year increase streak. Stock has declined roughly 4.5% over the month amid prior Wells Fargo downgrade tied to rising raw-material costs from the Iran conflict. Analyst consensus is Buy with $375 target (~20% upside). Risk: paint demand and input cost inflation.
May 14Sherwin-Williams opens new $37.5M-supported Cleveland global headquarters as Evercore lifts price target to $400 amid recent share weaknessMixed▶
Ohio Governor Mike DeWine attended the May 10 ribbon-cutting for Sherwin-Williams' new global headquarters in downtown Cleveland, a one-million-square-foot campus including a 36-story office tower, backed by $37.5 million from JobsOhio. Evercore ISI raised the price target to $400 from $390 on May 8 following strong Q1 results ($5.67B sales, $998.2M EBITDA), though Wells Fargo downgraded the stock on volume pressure and raw material cost concerns. ITS Logistics announced an 11% freight utilization gain via a retail store delivery solution covering 56 million pounds across 400 locations. A $0.80 quarterly dividend is payable June 5. Shares are down about 7% over the past month and 15% over three months. The risk is end-market softness and rising raw material costs offsetting market share gains.
May 13Sherwin-Williams opens new 1M-square-foot Cleveland headquarters with Governor DeWine while shares slip on macro softness despite Evercore PT hike.Mixed▶
Sherwin-Williams celebrated the May 11-12 grand opening of its new 1 million sq ft downtown Cleveland headquarters - a 36-floor tower with Governor Mike DeWine attending the ribbon-cutting. Bensler LLC disclosed it cut its stake by 24,380 shares amid short interest rising 12.8% to 4.41M shares. The stock is down 1.97% week-over-week and 10.30% YoY as macro softness persists across most end markets, though Q1 sales of $5.67B and EBITDA of $998.2M exceeded internal guidance. Evercore ISI Greg Melich raised PT to $400 (Outperform) on May 8 citing continued market share gains.
May 12Sherwin-Williams opens new $750M, 36-story global headquarters in downtown Cleveland on May 11 with about 3,100 employees.Positive▶
Sherwin-Williams ceremoniously opened its new global headquarters in downtown Cleveland on May 11, 2026 with a ribbon-cutting attended by Governor DeWine. The $750M, 36-story Public Square tower is now Cleveland's fourth-tallest building and Ohio's sixth-tallest, housing about 3,100 employees. ITS Logistics announced that its retail store delivery solution increased SHW's freight utilization by 11%, delivering 56M pounds of freight to nearly 400 retail locations. Bensler LLC sold 24,380 shares amid short interest rising 12.8% to 4.41M shares. SHW recently reported strong Q1 2026 results with record EBITDA of $998.2M and net sales of $5.67B, completed a long-running buyback of 106.98M shares for $16.58B, and reaffirmed FY2026 EPS guidance of $11.50-$11.90. The next quarterly dividend of $0.80 has an ex-date of May 22.
May 11Sherwin-Williams announced a logistics partnership boosting freight utilization 11% to 82.7% via ITS Logistics retail delivery solution.Mixed▶
On May 8, 2026, Sherwin-Williams announced it increased freight utilization by 11% through ITS Logistics' retail store delivery solution, delivering 56 million pounds of freight to nearly 400 retail locations across the U.S. The partnership raised total freight utilization from 71.7% to 82.7% from the Reno distribution center during the 2025 peak season. The company recently reported record Q1 2026 EBITDA of $998.2 million driven by 6.8% sales growth, with EPS of $2.35 beating the $2.26 estimate by 3.98%, and reaffirmed full-year 2026 EPS guidance of $11.50-$11.90. Sherwin-Williams completed a long-running share buyback totaling 106.98 million shares for ~$16.58 billion. A quarterly dividend of $0.80 per share was declared, payable June 5 to holders of record May 22. Risk: Wells Fargo downgraded SHW citing volume pressure and rising raw material costs.
May 8Sherwin-Williams Q1 beats on $2.35 adjusted EPS but faces sluggish demand and cost headwindsMixed▶
Sherwin-Williams reported strong Q1 2026 revenue of $5.67B and adjusted EPS of $2.35 exceeding estimates, but shares fell 4.8% in past week on soft end-market demand and inflation concerns. Wells Fargo downgraded citing rising raw material costs from Iran conflict. Company maintains 47-year dividend increase streak but faces valuation concerns. Analyst consensus Buy rating with $375.30 12-month target (20.11% upside). Stock down 5.57% week-over-week and 10.01% past year. Global HQ construction advancing in Cleveland, Ohio.
May 6SHW reports strong Q1 2026 results but stock declines 4.8%; JPMorgan lowers price target to $365 amid market uncertainty.Neutral▶
Sherwin-Williams reported Q1 2026 revenue of $5.67B, beating expectations with adjusted EPS of $2.35. CEO Heidi Petz noted strong sales amid heightened global uncertainty and demand softness in most end markets. However, stock declined 4.8% following earnings, with JPMorgan lowering price target from $385 to $365 on April 29. Company positioned itself as key partner for data center construction across North America and Asia. Evercore set $390 PT, while Citigroup maintained Buy with $385 PT. Analyst consensus: Moderate Buy with average PT of $375.33. Risk: demand softness in traditional end markets despite strong quarter.
May 5Sherwin-Williams beats Q1 estimates but faces analyst downgrades on Iran conflict impactNegative▶
Sherwin-Williams reported strong Q1 2026 with $5.67B revenue (6.8% growth) and $2.35 adjusted EPS, exceeding expectations. Despite the earnings beat, stock declined 4.8% on weak market recovery concerns and rising raw material costs due to Iran conflict. JPMorgan lowered price target to $365 from $385 on April 29. Wells Fargo downgraded due to raw material pressures.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SHWSHERWIN | $323.89 | +4.70% | +2.2% | 23.3x | 1.16 | $76.3B |
| ECLECOLAB | $270.53 | +8.13% | +0.4% | 26.1x | 0.93 | $70.4B |
| PPGPPG | $123.56 | +15.88% | +2.9% | 12.3x | 1.05 | $23.8B |
| LYBLYONDELLBASELL | $61.88 | -11.70% | -5.5% | 9.3x | 0.35 | $22.6B |
| ALBALBEMARLE | $169.10 | -0.47% | -3.3% | 15.1x | 1.36 | $20.0B |
| DDDUPONT | $49.18 | +4.29% | -3.1% | 18.0x | 1.06 | $19.3B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.