BMO Maintains Outperform Rating for Sherwin-Williams with USD 405 Target
BMO Capital has reaffirmed its Outperform rating for Sherwin-Williams stock, setting a price target of USD 405.00 as of September 28, 2026. The stock was trading at EUR 284.90 on October 5, 2026, a slight dip of 0.61% from its prior close of EUR 286.65.
The company recently celebrated the grand opening of its expanded architectural paint and coatings facility in Statesville, North Carolina, on September 30, 2026. The site, now the largest in North America, features expanded production space, automation enhancements, and four new rail spurs, aimed at improving supply-chain flexibility.
Sherwin-Williams reported strong second-quarter 2026 results, with revenue reaching USD 6.79 billion, up 7.50% year-over-year, and adjusted earnings per share of USD 3.70, surpassing the USD 3.52 consensus estimate. Management provided adjusted fiscal 2026 earnings-per-share guidance of USD 11.80-12.20.
Despite the positive outlook, Sherwin-Williams faces challenges such as cost inflation and has announced an 8% price increase for its Paint Stores Group effective September 1, 2026. The stock, listed under ticker SHW on the NYSE, had a primary-market quote of USD 319.51 as of October 2, 2026, with a 52-week range of USD 289.86 to USD 379.65 and a market capitalization of USD 77.6 billion.