Sherwin-Williams Stock (NYSE:SHW), Trade Ideas

Sherwin-Williams

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.

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Sherwin-Williams shares drop as Q1 results miss expectations, with revenue and EPS below estimates.

What&#39;s Going On With Sherwin-Williams Shares After Q1 Results?

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Sherwin-Williams's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) short percent of float has fallen 9.82% since its last report. The company recently reported that it has 2.56 million shares sold short, which is 1.01% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.39 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sherwin-Williams Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713986122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sherwin-Williams has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Sherwin-Williams's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sherwin-Williams's peer group average for short interest as a percentage of float is 4.14%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into Sherwin-Williams's Recent Short Interest

BMO Capital analyst John McNulty reiterates Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Outperform and lowers the price target from $385 to $377.

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BMO Capital Reiterates Outperform on Sherwin-Williams, Lowers Price Target to $377

JP Morgan analyst Jeffrey Zekauskas maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Overweight and lowers the price target from $317 to $315.

JP Morgan Maintains Overweight on Sherwin-Williams, Lowers Price Target to $315

Mizuho analyst John Roberts maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Buy and lowers the price target from $340 to $334.

Mizuho Maintains Buy on Sherwin-Williams, Lowers Price Target to $334

Loop Capital analyst Garik Shmois maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Buy and lowers the price target from $395 to $380.

Loop Capital Maintains Buy on Sherwin-Williams, Lowers Price Target to $380

Baird analyst Ghansham Panjabi maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Neutral and raises the price target from $300 to $310.

Baird Maintains Neutral on Sherwin-Williams, Raises Price Target to $310

Sherwin-Williams Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) shares are&nbsp;trading lower in the morning session on Tuesday.
The company reported first-quarter adjusted earnings per share of $2.17,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38375063/the-sherwin-williams-company-reports-2024-first-quarter-financial-results" rel="noreferrer noopener">missing the Wall Street view of $2.21</a>.&nbsp;
Quarterly revenue of $5.367 billion&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the analyst consensus of $5.505 billion.&nbsp;</a>
Consolidated net sales decreased 1.4% in the quarter. Delayed capex projects impacted Property Maintenance sales.
Net sales from stores in the Paint Stores Group open more than twelve calendar months were approximately flat in the quarter.
Quarterly gross profit increased to $2.531 billion from $2.420 billion a year ago. Gross margin in the quarter under review expanded to 47.2% from 44.5% a year ago.
The company returned cash of&nbsp;$728 million&nbsp;to shareholders&nbsp;in the form of&nbsp;dividends and repurchases of 1.7 million shares of its common stock during the first quarter of 2024.&nbsp;
Sherwin-Williams exited the quarter with cash and equivalents worth $179.9 million.
&#8220;We also continued to execute our capital allocation strategy by investing&nbsp;$546 million&nbsp;in share repurchases and increasing our dividend 18.2% in the quarter,&#8221; said President and Chief Executive&nbsp;Officer&nbsp;Heidi G. Petz.
Outlook:&nbsp;Sherwin-Williams reaffirmed 2024 adjusted EPS guidance of $10.85-$11.35<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;versus the $11.44 estimate.</a>
The company expects consolidated net sales to be up a low to&nbsp;mid-single digit&nbsp;percentage compared to the full year 2023.
&#8220;We expect second quarter 2024 consolidated net sales to be flat&nbsp;to&nbsp;up a low-single digit percentage compared to the second quarter of 2023,&#8221; Petz added.
The company plans to&nbsp;provide an update on&nbsp;its full-year guidance during second-quarter results in July.
Price Action:&nbsp;SHW shares are trading lower by 3.2% to $299.37 at&nbsp;the last check Tuesday.

What's Going On With Sherwin-Williams Shares After Q1 Results?

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Sherwin-Williams shares are trading lower following worse-than-expected Q1 earnings.

Sherwin-Williams Reaffirms 2024 Adj. EPS Guidance $10.85-$11.35 vs $11.44 Est.

Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) reported quarterly earnings of $2.17 per share which missed the analyst consensus estimate of $2.21 by 1.81 percent. The company reported quarterly sales of $5.370 billion which missed the analyst consensus estimate of $5.505 billion by 2.46 percent. This is a 1.32 percent decrease over sales of $5.442 billion the same period last year.

Earnings Misses

Sherwin-Williams Q1 2024 Adj EPS $2.17 Misses $2.21 Estimate, Sales $5.370B Miss $5.505B Estimate

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&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million.
&bull; Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion.
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&bull; Herc Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is expected to report quarterly loss at $0.52 per share on revenue of $2.20 billion.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is expected to report quarterly earnings at $2.14 per share on revenue of $41.88 billion.
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&bull; Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $259.77 million.
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&bull; Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $1.53 billion.
&bull; Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $5.49 billion.
&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $72.52 million.
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&bull; Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $52.54 million.
&bull; Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $3.14 billion.
&bull; Veralto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $1.22 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $726.32 million.
&bull; Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is projected to report quarterly earnings at $1.07 per share on revenue of $3.61 billion.
&bull; iShares Frontier and Select EM ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.06 billion.
&bull; IDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $806.94 million.
&bull; Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) is likely to report quarterly earnings at $1.44 per share on revenue of $1.33 billion.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $137.26 million.
&bull; First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $109.21 million.
&bull; East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is likely to report quarterly earnings at $1.99 per share on revenue of $577.70 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 23, 2024

Throughout the last three months, 11 analysts have evaluated Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $358.18, a high estimate of $402.00, and a low estimate of $315.00. This current average reflects an increase of 6.49% from the previous average price target of $336.36. 
<img src="https://www.benzinga.com/files/images/story/2024/1713283282_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive Sherwin-Williams is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$380.00</td>
<td>$385.00</td>
</tr>
<tr>
<td>Patrick Cunningham</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$390.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$390.00</td>
<td>$370.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$385.00</td>
<td>$340.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$402.00</td>
<td>$312.00</td>
</tr>
<tr>
<td>Michael Leithead</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$315.00</td>
<td>$285.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$360.00</td>
<td>$355.00</td>
</tr>
<tr>
<td>Christopher Parkinson</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$340.00</td>
<td>$352.00</td>
</tr>
<tr>
<td>Jeffrey Zekauskas</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$317.00</td>
<td>$285.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$341.00</td>
<td>$346.00</td>
</tr>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$320.00</td>
<td>$310.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Sherwin-Williams. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Sherwin-Williams compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Sherwin-Williams's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SHW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sherwin-Williams analyst ratings.</a>
<h2>All You Need to Know About Sherwin-Williams</h2>
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.
<h3>Key Indicators: Sherwin-Williams's Financial Health</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Sherwin-Williams's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 0.41%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.
Net Margin: Sherwin-Williams's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.78% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.5%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Sherwin-Williams's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.55% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Sherwin-Williams's debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.18, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 11 Ratings For Sherwin-Williams

Evercore ISI Group analyst Greg Melich maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Outperform and lowers the price target from $385 to $380.

Evercore ISI Group Maintains Outperform on Sherwin-Williams, Lowers Price Target to $380

Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) has outperformed the market over the past 10 years by 6.24% on an annualized basis producing an average annual return of 16.64%. Currently, Sherwin-Williams has a market capitalization of $80.87 billion. 
Buying $1000 In SHW: If an investor had bought $1000 of SHW stock 10 years ago, it would be worth $4,779.43 today based on a price of $318.25 for SHW at the time of writing.
<h3>Sherwin-Williams's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713207619_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Sherwin-Williams 10 Years Ago Would Be Worth This Much Today

Citigroup analyst Patrick Cunningham maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Buy and raises the price target from $360 to $390.

Citigroup Maintains Buy on Sherwin-Williams, Raises Price Target to $390

Sherwin-Williams shares are trading lower. The stock may be down amid weakness in housing-related stocks following March inflation data.

After wrapping up a robust first quarter on strong corporate profits, enthusiasm around AI and hopes that the Fed will cut rates, Wall Street&#39;s rally fizzled out to start Q2 on uncertainty over the timing of rate cuts. 
Let us examine the health of the U.S. economy ahead on the World Health Day and bring to investors&#39; attention the key developments and some solid picks for a robust investment portfolio. 
Similar to the six vital nutrients required for good health, six pillars support the economy. Here, we have picked six essential market nutrients in the form of sectors and then zeroed in on stocks that have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a higher market cap in their respective sectors using the Zacks Stock Screener. Other parameters considered include a VGM Score of B or better, positive current-year earnings estimate revisions over the past 30 or 60 days, positive current-year EPS growth, and a place in a top-ranked Zacks industry (in the top 45%).
<h3>Vitamins: Consumer Sector</h3>
The consumer sector has been enjoying strong optimism led by stronger spending power, wage growth and a lower unemployment rate. The potential rate cuts will lead to reduced borrowings, thereby increasing consumer spending. It will also lead to higher demand for all types of products and services in the economy, taking the consumer sector higher. This will continue to give the economy its regular dose of vitamins. 
Within this sector, Lancaster Colony Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lanc#NASDAQ">LANC</a>), a manufacturer and marketer of specialty food products for the retail and foodservice markets, is a great pick for investors. 
This Zacks Rank #2 company saw a positive earnings estimate revision of 21 cents over the past 60 days for this fiscal year (ending June 2024). It has an expected earnings growth rate of 34%. Lancaster Colony belongs to a top-ranked Zacks industry (top 28%) and has a VGM Score of B, suggesting its potential for solid growth in the months ahead. The stock has gained about 22% over the past three months.
<h3>Proteins: Financial Sector</h3>
Like protein, the financial sector, helps in carrying out a huge array of functions through its banks and financial institutions. The sector facilitates growth in every part of the country. The stocks in this sector have shown immense strength courtesy of a resilient economy and a steep yield curve. 
Travelers Companies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) has climbed about 19% over the past three months and could represent a good buying opportunity. It is principally engaged, through its subsidiaries, in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets. The Zacks Consensus Estimate for 2024 has been revised by a couple of cents over the past 30 days and indicates substantial year-over-year growth of 34.8%. This Zacks Rank #2 company falls within a top-ranked Zacks industry (top 9%) and has a VGM Score of B.
<h3>Minerals: Medical Sector</h3>
Just like minerals are important for bone structure, healthcare is crucial to the economy. In fact, it is the backbone of an economy. Healthcare is one of the largest and fastest-growing sectors thanks to an aging population, growing middle class, and insatiable demand for new treatments and drugs for many illnesses. About 10% of economic growth comes from this sector. 
The industry is currently benefiting from encouraging trends, including cutting-edge medicines, new drug approvals, accelerated pace of innovation, promising drug launches, cost-cutting efforts, an aging population, technological advancements, expanding insurance coverage, the rising middle class, demand for new drugs, and ever-increasing healthcare spending. Continuous innovation in medical technology, including telemedicine, AI in diagnostics, and personalized medicine, is improving patient care and operational efficiency. One of the beneficiaries of this trend is Zacks Ranked #1 player DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) from a top-ranked Zacks industry (top 37%), gaining 23.4% over the past three months. 
This is a leading provider of dialysis services in the United States to patients suffering from chronic kidney failure, also known as end-stage renal disease. It saw solid earnings estimates of 26 cents for this year over the past 30 days to $9.23, indicating year-over-year growth of 9%. The stock has a VGM Score of B.
<h3>Carbohydrates: Technology Sector</h3>
Similar to carbs that provide energy to the muscles and brain, the technology sector powers the economy with its wide range of products and services, including electronics, software, computers and social media. The sector has been performing well this year on the continued AI boom and strong corporate earnings. As the tech sector relies on borrowing for superior growth, it is cheaper to borrow more money for further initiatives when interest rates are low. The expansion of AI applications holds the promise of ushering in fresh opportunities for growth within the sector. Hopes of cutting interest rates later this year are also adding to the strength. 
Within the sector, Uber Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>), with a Zacks Rank #2 and a VGM Score of B, seems a solid choice. It develops and operates proprietary technology applications in the United States and has expanded its presence in multiple countries across the globe, including Canada, Latin America, Europe, the Middle East and Asia (excluding China). The stock, which belongs to a top-ranked Zacks industry (top 25%), saw a positive earnings estimate revision of 15 cents over the past 30 days for this year and has an expected earnings growth rate of 36.8%. It has gained nearly 23% over the past three months.
<h3>Fats: Construction Sector</h3>
The construction sector &mdash; accounting for 5.5% of GDP &mdash; provides energy backup to the economy. This is because construction activity picks up when the economy strengthens. The sector has been doing well on lower mortgage rates, which is encouraging people to buy more homes and has made refinancing cheaper. Notably, U.S. homebuilders are now feeling more confident than they have since last summer. 
To tap this bullish trend, Sherwin-Williams Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shw#NYSE">SHW</a>), which manufactures and sells paints, coatings and related products, primarily in North and South America, could be an exciting pick. The company&#39;s earnings estimates have gone up by 5 cents over the past month for this year. The current Zacks Consensus Estimate is pegged at $11.49, up 11% year over year. Sherwin-Williams has a Zacks Rank #2 and a VGM Score of B, It belongs to a top-ranked Zacks industry (top 37%). Shares of SHW are up nearly 12% over the past three months.
<h3>Water: Transport Sector</h3>
Transport enables the smooth movement of freight and passengers through different modes such as rail, trucks, ships and air. It occupies an important place in the world market and is often considered a barometer of broad economic health. The transport sector is seeing a surge on a rise in global travel demand. 
SkyWest (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) operates as a regional airline in the United States through its subsidiary SkyWest Airlines. The stock has seen a positive earnings estimate revision of $1.00 for this year over the past month 60 days and has estimated earnings growth of 729.9%. SkyWest has a Zacks Rank #1 and a VGM Score of A. It belongs to a top-ranked Zacks industry (top 19%). The stock has tumbled more than 37% over the past three months.
<a href="https://www.zacks.com/stock/news/2251081/diagnosing-the-economy-ahead-of-world-health-day-6-picks?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2251081">To read this article on Zacks.com click here.</a>

Sherwin-Williams's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) short percent of float has risen 9.8% since its last report. The company recently reported that it has 2.84 million shares sold short, which is 1.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.06 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sherwin-Williams Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711720821_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sherwin-Williams has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Sherwin-Williams's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sherwin-Williams's peer group average for short interest as a percentage of float is 4.17%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) has outperformed the market over the past 10 years by 7.19% on an annualized basis producing an average annual return of 17.92%. Currently, Sherwin-Williams has a market capitalization of $88.08 billion. 
Buying $1000 In SHW: If an investor had bought $1000 of SHW stock 10 years ago, it would be worth $5,223.37 today based on a price of $346.64 for SHW at the time of writing.
<h3>Sherwin-Williams's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711648810_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,200 Today

During the last three months, 12 analysts shared their evaluations of Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $341.0, a high estimate of $402.00, and a low estimate of $300.00. Observing a 7.8% increase, the current average has risen from the previous average price target of $316.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1711476075_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Sherwin-Williams is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$390.00</td>
<td>$370.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$385.00</td>
<td>$340.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$402.00</td>
<td>$312.00</td>
</tr>
<tr>
<td>Michael Leithead</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$315.00</td>
<td>$285.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$360.00</td>
<td>$355.00</td>
</tr>
<tr>
<td>Christopher Parkinson</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$340.00</td>
<td>$352.00</td>
</tr>
<tr>
<td>Jeffrey Zekauskas</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$317.00</td>
<td>$285.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$341.00</td>
<td>$346.00</td>
</tr>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$320.00</td>
<td>$310.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$312.00</td>
<td>$274.00</td>
</tr>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$310.00</td>
<td>$297.00</td>
</tr>
<tr>
<td>Ghansham Panjabi</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$300.00</td>
<td>$270.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Sherwin-Williams. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Sherwin-Williams compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Sherwin-Williams's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Sherwin-Williams's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SHW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sherwin-Williams analyst ratings.</a>
<h2>Get to Know Sherwin-Williams Better</h2>
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.
<h3>Sherwin-Williams's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Sherwin-Williams's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 0.41%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Sherwin-Williams's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.78% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 9.5%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Sherwin-Williams's ROA excels beyond industry benchmarks, reaching 1.55%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 3.18, Sherwin-Williams faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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	The post <a href="https://investorplace.com/earning-results/2024/04/shw-stock-earnings-sherwin-williams-for-q1-of-2024/">SHW Stock Earnings: Sherwin-Williams Misses EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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