SHW Stock Summary and Trading Ideas (Sherwin-Williams Company | NYSE:SHW)

Sherwin-Williams is the largest provider of architectural paint in the United States. The company has over 5,000 stores and sells premium paint at higher price points than most competitors. Sherwin-Williams also sells paint-related products in big-box stores and provides coatings for original equipment manufacturers.

Sherwin-Williams Company trades on the NYSE stock market under the symbol SHW.

As of May 10, 2024, SHW stock price climbed to $320.86 with 743,384 million shares trading.

SHW has a beta of 1.42, meaning it tends to be more sensitive to market movements. SHW has a correlation of 0.61 to the broad based SPY ETF.

SHW has a market cap of $81.65 billion. This is considered a Large Cap stock.

Last quarter Sherwin-Williams Company reported $5 billion in Revenue and $2.17 earnings per share. This fell short of revenue expectation by $-143 million and missed earnings estimates by -$.04.

In the last 3 years, SHW stock traded as high as $354.15 and as low as $195.24.

The top ETF exchange traded funds that SHW belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

SHW has outperformed the market in the last year with a price return of +40.6% while the SPY ETF gained +27.8%. However, in the short term, SHW had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.2% vs +4.2% return in SPY. But in the last 2 weeks, SHW shares have fared better than the market returning +4.7% compared to SPY +2.5%.

SHW support price is $315.74 and resistance is $325.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SHW stock will trade within this expected range on the day.