Sherwin-Williams Company (The) ($SHW) Stock Forecast: Up 6.5% Today

What is Sherwin-Williams Company (The)?

Sherwin-Williams (SHW) operates in the paint manufacturing and retail sector and is listed on the NYSE, offering a wide range of products for residential and commercial use.

Why is Sherwin-Williams Company (The) going up?

SHW stock is up 6.5% on Jul 23, 2024 17:37

• SHW stock saw a significant uptrend.
• Despite falling short of revenue predictions, the company surpassed earnings per share forecasts in Q2 2024.
• The stock price surge in SHW is linked to better-than-expected adjusted profits stemming from increased residential sales and an enhanced full-year earnings forecast.
• Investor optimism surrounding SHW is mainly driven by the positive earnings outcome and the company's upbeat future outlook, overshadowing the minor revenue shortfall and propelling the stock's upward movement.

SHW Price Chart

SHW News

Top Stock Movers Now: UPS, GM, GE Aerospace, and More

U.S. equities gained at midday Tuesday after a flurry of earnings reports from GE Aerospace, Sherwin-Williams, and more.

https://www.investopedia.com/top-stock-movers-now-ups-gm-ge-aerospace-and-more-8682240

SHW Stock Earnings: Sherwin-Williams Beats EPS, Misses Revenue for Q2 2024

Sherwin-Williams (NYSE:SHW) just reported results for the second quarter of 2024. Sherwin-Williams reported earnings per share of $3.70. This was above the analyst estimate for EPS of $3.48. The company reported revenue of $6.27 billion. This was 0.92% worse than the analyst estimate for revenue of $6.33 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/shw-stock-earnings-sherwin-williams-for-q2-of-2024/

Sherwin-Williams Stock Surges as Residential Growth Powers Adjusted Profit Beat

Sherwin-Williams shares rose Tuesday after the paint maker posted better-than-forecast second-quarter adjusted profit on higher residential sales and upped its full-year earnings outlook.

https://www.investopedia.com/sherwin-williams-stock-surges-as-residential-growth-powers-adjusted-profit-beat-8682080

Sherwin-Williams Paints A Rosy Picture: Q2 Profit Soars Amid Sales Challenges - Sherwin-Williams ( NYSE:SHW )

Sherwin-Williams Company SHW shares are trading higher after the company reported second-quarter FY24 results. Adjusted earnings per share of $3.70, beating the Wall Street view of $3.48. Quarterly revenue rose 0.5% Y/Y to $6.27 billion, missing the analyst consensus of $6.33 billion.

https://www.benzinga.com/news/earnings/24/07/39908053/sherwin-williams-paints-a-rosy-picture-q2-profit-soars-amid-sales-challenges

Sherwin-Williams' ( SHW ) Q2 Earnings Top Estimates, Sales Lag

Consolidated net sales of Sherwin-Williams (SHW) increase primarily owing to higher sales volumes in the Paint Stores and Performance Coatings Groups in Q2.

https://www.zacks.com/stock/news/2306995/sherwin-williams-shw-q2-earnings-top-estimates-sales-lag

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Sherwin-Williams Company (The) Price History

23.05.2023 - SHW Stock was up 0.2%

• SHW had a strong bullish movement today.
• The upgrade of SHW's Relative Strength (RS) Rating from 69 to 73 is a positive sign for the stock.
• The rising price performance of PPG Industries, a competitor of SHW, might have contributed to the bullish movement of SHW.

14.10.2023 - SHW Stock was up 5.2%

• The bullish movement in SHW stock could be attributed to the increase in demand for paints and coatings, as the economy continues to recover and construction activities pick up.
• The buying of shares by Essex Financial Services Inc. and the increase in stake by Nikulski Financial Inc. indicate confidence in the company's future prospects.
• The decrease in short interest in SHW suggests that some investors may have covered their short positions, potentially contributing to the upward movement in the stock.
• The upgrade in the Relative Strength (RS) Rating of SHW indicates that the stock has been performing well compared to other stocks in the market, further boosting investor sentiment.

07.05.2024 - SHW Stock was down 5.1%

• The partnership with Leagues Cup might have been perceived as a non-value adding venture by investors, leading to a lack of confidence in the stock.
• The debate between investing in dividend growth or high-yield stocks could have raised concerns about the company's future financial strategies, impacting the stock negatively.
• Investors might be cautious about the overall market conditions, leading to a sell-off in stocks like SHW despite being a part of the list of Best Dividend Aristocrats Stocks.

15.08.2023 - SHW Stock was down 1.4%

• The bearish movement in SHW today could be attributed to several factors:
• 1. Profit-taking: After a prolonged period of outperforming the market, investors may have decided to take profits, leading to a sell-off in SHW shares.
• 2. Market sentiment: The overall market sentiment might have turned bearish, causing investors to sell off their holdings in SHW along with other stocks.
• 3. Economic landscape: Despite being a well-managed business, Sherwin-Williams operates in a turbulent economic landscape. Any negative economic indicators or concerns about the industry's future growth prospects could have contributed to the bearish movement.
• 4. Lack of positive news catalysts: The absence of any significant positive news or catalysts related to Sherwin-Williams in the articles provided might have also dampened investor sentiment and contributed to the bearish movement.
• In conclusion, the bearish movement in SHW today could be a result of profit-taking, overall market sentiment, concerns about the economic landscape, and the absence of positive news catalysts.

23.06.2024 - SHW Stock was up 5.1%

• Sherwin-Williams reported impressive Q2 results with adjusted earnings per share exceeding expectations, showcasing strong financial performance.
• Despite missing revenue estimates, the company's sales volumes in key segments like Paint Stores and Performance Coatings Groups contributed to the overall growth.
• The firm pricing trends and improved profitability in Q2 further bolstered investor confidence, driving the stock price higher.
• Overall, Sherwin-Williams' ability to navigate sales challenges and deliver solid earnings results likely fueled the bullish market movement today.

23.06.2024 - SHW Stock was up 5.1%

• SHW reported Q2 earnings with an EPS of $3.50, surpassing expectations, which likely enhanced investor confidence in the company's performance.
• Despite falling short of revenue forecasts, the firm's pre-tax net income strengthened year-over-year due to better pricing patterns and a slight increase in volumes.
• The company's second-quarter sales rose by 0.5%, accompanied by a significant jump in earnings, particularly propelled by strong performance in Paint Stores.
• Overall, the favorable earnings and enhanced pricing trends played a role in SHW's positive market movement today.

23.06.2024 - SHW Stock was up 6.5%

• SHW stock saw a significant uptrend.
• Despite falling short of revenue predictions, the company surpassed earnings per share forecasts in Q2 2024.
• The stock price surge in SHW is linked to better-than-expected adjusted profits stemming from increased residential sales and an enhanced full-year earnings forecast.
• Investor optimism surrounding SHW is mainly driven by the positive earnings outcome and the company's upbeat future outlook, overshadowing the minor revenue shortfall and propelling the stock's upward movement.