What Just Happened To Sherwin-Williams Stock?

The European Commission approved the merger of Akzo Nobel and Axalta, pending the divestment of their overlapping vehicle refinish businesses. Potential buyers include Kansai Paint, Nippon Paint, Sherwin-Williams, Surventis, and PPG. The European refinish operation's revenue is part of a combined EUR 500 million figure with Axalta's North American wood coatings business. The sale's financial details and final buyer are still uncertain.

DA Davidson cut its price target on Sherwin-Williams (NYSE:SHW) to $390, citing margin pressure. The company reported adjusted EPS of $3.63, missing estimates, while revenue grew 7.9% to $6.86B. Gross margin declined 140 bps. Guidance was narrowed, and the stock trades at a P/E of 29.5.

Evercore ISI named Sherwin-Williams (SHW) its top retail sector pick, citing pricing power and market positioning. The firm set a $400 target price, up from $326.01, and expects growth despite subdued volumes. SHW's industrial and commercial exposure may drive double-digit EPS growth to $13.40 by 2027, according to Evercore ISI.

Sherwin-Williams (SHW) reported Q3 2026 net sales of $6.86bn, up 7.9% YoY, but net income fell 1.5% to $821.0m. EPS rose 0.9% to $3.38, missing estimates. Buybacks and dividends totaled $749m. Guidance was narrowed. Housing market remains a headwind.

Sherwin-Williams (SHW) reported Q3 earnings, noting gross-margin pressure from cost dynamics and business mix. Paint Stores Group saw mid-single-digit sales growth, while Performance Coatings Group exceeded expectations. Consumer Brands Group sales increased due to acquisitions but faced volume declines. The company narrowed its 2026 EPS outlook to $11.85-$12.15 and expects continued market choppiness in 2027. SHW returned $3B to shareholders year-to-date.

Sherwin-Williams (SHW) reported Q3 2026 growth despite weak demand, with adjusted EPS guidance narrowed to $11.85-$12.15. The company expects $75M in cost savings by 2027, citing a 'softer for longer' demand outlook.