Young Bryan J sold $454K of SHW

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.