moneyheap
SHW · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is The Sherwin-Williams Company (SHW) stock moving?
Sherwin-Williams reported third-quarter 2026 results on Oct 27, and the stock fell 2.7% that day to $326.01 on 3.1M shares, with an intraday low of $313.25. Over the following week most brokers cut price targets, though the cuts were modest and most targets remain above the current price. Citi moved to $370 from $400, RBC to $383 from $392, Deutsche Bank to $355 from $375 (Hold), and BNP Paribas to $352 from $360. Other updates ranged from Barclays at $329 (Equal-Weight) to DA Davidson at $390 (Buy), with UBS raising to $370 from $363 and Neutral rating maintained. The shares then rebounded to a $371.22 intraday high on Nov 5 before pulling back, and closed at $355.34 on Nov 10, with volume easing to about 2.0M shares. Benzinga flagged an overbought RSI reading on Nov 5, and a $795,134 insider sale was filed. Financing news is minor: a $75M addition to the credit facility maturing in 2031. The news set does not include the third-quarter figures themselves, so the quality of the quarter cannot be judged from the provided material. Overall, the stock sits near the middle of the analyst target range, with mixed ratings and a recent short-term stretch that raises pullback risk.
News behind the analysis
- Sherwin-Williams Insider Executes Stock SaleAn insider sold company shares worth $795,134, according to a recent SEC filing.
- BNP Paribas Adjusts Price Target on Sherwin-WilliamsBNP Paribas lowered its price target for Sherwin-Williams from $360 to $352.
- Sherwin-Williams Amends Credit Agreement to Increase CapacitySherwin-Williams signed an amendment adding $75 million in lender commitments under its credit agreement, maturing in 2031.
- Top 3 Materials Stocks That May Keep You Up At Night This MonthBenzinga flags Sherwin-Williams, Ecolab and Air Products for overbought RSI readings, a momentum warning for traders.
- Citigroup Maintains Buy Rating on Sherwin-Williams, Lowers Price Target to $370Citigroup kept its Buy rating and cut its price target to $370 from $400 after the third-quarter report.
- RBC Trims Price Target on Sherwin-Williams to $383 From $392, Keeps Outperform RatingRBC Capital Markets lowered its price target to $383 from $392 and reiterated Outperform.
- Deutsche Bank Adjusts Sherwin-Williams Price Target to $355 From $375, Maintains Hold RatingDeutsche Bank cut its price target to $355 from $375 and kept a Hold rating, close to the current share price.
- UBS Adjusts Price Target on Sherwin-Williams to $370 From $363UBS raised its price target to $370 from $363 while maintaining a Neutral rating.
- Barclays Maintains Equal-Weight on Sherwin-Williams, Lowers Price Target to $329Barclays kept an Equal-Weight rating and cut its price target to $329, the lowest target among recent updates.
- Analysts Adjust Price Targets for The Sherwin-Williams Company Following Q3 EarningsDA Davidson and Guggenheim adjusted their price targets after Sherwin-Williams reported third-quarter 2026 results.
About The Sherwin-Williams Company
Sherwin-Williams is a Cleveland-based company that makes and sells paints, stains and coatings, and it runs a network of roughly 5,000+ company-owned paint stores, mostly in North America. What sets it apart is that it sells directly to professional painters and contractors through its own stores, and it also owns consumer brands such as Valspar and, since its acquisition, Brazil's Suvinil.
How it makes money
It has three reporting segments. The Paint Stores Group sells architectural paint and supplies to professional contractors and do-it-yourself customers through company stores, and it is the largest segment at roughly 55–60% of sales. The Performance Coatings Group makes industrial coatings for things like cars, packaging, wood and general industrial uses, at roughly 25–30%. The Consumer Brands Group sells branded paint through retailers such as Lowe's, at roughly 15%. Total sales are about $24 billion a year (approximate). Recent results showed sales growing about 7–8% a year, while raw material and supply chain costs squeezed margins.
What usually moves SHW
- US housing turnover and home renovation activity
- Commercial and residential construction demand
- Raw material costs (petrochemicals, titanium dioxide)
- Price increases and how well they stick
- Industrial demand and foreign currency in Performance Coatings