Sherwin-Williams Share Price: Up 12% in 2023

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Sherwin-Williams Share Price: Up 12% in 2023

Overview

Sherwin-Williams is a leading global manufacturer, distributor, and retailer of paints, coatings, and related products. The company operates over 4,300 stores in more than 120 countries. Sherwin-Williams' share price has been on a steady upward trend in recent years, and it is currently trading at $286.17 per share.

Factors Driving Share Price Growth

Several factors have contributed to Sherwin-Williams' share price growth, including:

Strong demand for housing: The housing market has been booming in recent years, and this has led to increased demand for paints and coatings.
Rising prices: The prices of raw materials have been rising in recent years, and this has led to higher prices for paints and coatings.
Acquisitions: Sherwin-Williams has made several acquisitions in recent years, which has helped to expand its product portfolio and geographic reach.
Innovation: Sherwin-Williams is constantly investing in new products and technologies, which has helped to drive sales growth.

Key Metrics

The following table shows key metrics for Sherwin-Williams:

Metric	Value
Market capitalization	$59.96 billion
Revenue	$18.44 billion
Net income	$2.40 billion
Earnings per share	$12.27
Dividend yield	1.30%

Financial Performance

Sherwin-Williams has been reporting strong financial performance in recent years. In 2022, the company reported revenue of $18.44 billion, net income of $2.40 billion, and earnings per share of $12.27. The company also paid out $1.20 per share in dividends, resulting in a dividend yield of 1.30%.

sherwin williams share price

Technical Analysis

The technical analysis of Sherwin-Williams' share price indicates that the stock is currently in a bullish trend. The stock has been trading above its 50-day moving average and its 200-day moving average. The stock also has a relative strength index (RSI) of 65, which indicates that it is overbought.

Outlook

The outlook for Sherwin-Williams is positive. The housing market is expected to continue to grow in the coming years, and this will lead to increased demand for paints and coatings. Sherwin-Williams is also well-positioned to benefit from rising prices for raw materials, as it has a strong supply chain and a diversified product portfolio.

Risks

There are several risks that could impact Sherwin-Williams' share price, including:

Sherwin-Williams Share Price: Up 12% in 2023

Economic downturn: A recession could lead to a decline in demand for paints and coatings.
Competition: Sherwin-Williams faces competition from a number of other paint and coatings manufacturers.
Raw material prices: Rising raw material prices could lead to higher costs for Sherwin-Williams and lower profit margins.

Conclusion

Sherwin-Williams is a well-positioned company with a strong track record of growth. The company's share price has been on a steady upward trend in recent years, and it is expected to continue to grow in the coming years. However, investors should be aware of the risks that could impact the company's share price.

Common Mistakes to Avoid

Investors should avoid the following common mistakes when investing in Sherwin-Williams:

Buying at the peak: Investors should avoid buying Sherwin-Williams shares when the stock is at or near its peak.
Selling at the bottom: Investors should avoid selling Sherwin-Williams shares when the stock is at or near its bottom.
Timing the market: Investors should not try to time the market when investing in Sherwin-Williams.
Investing more than you can afford to lose: Investors should only invest in Sherwin-Williams shares if they are prepared to lose their entire investment.

Pros and Cons

The following table summarizes the pros and cons of investing in Sherwin-Williams:

Pros	Cons
Strong brand	Competition
Growing market	Economic downturn
Diversified product portfolio	Rising raw material prices

FAQs

What is Sherwin-Williams' ticker symbol?

SHW

What is Sherwin-Williams' market capitalization?

$59.96 billion

What is Sherwin-Williams' revenue?

$18.44 billion

What is Sherwin-Williams' net income?

$2.40 billion

What is Sherwin-Williams' earnings per share?

$12.27

What is Sherwin-Williams' dividend yield?

1.30%

What is the outlook for Sherwin-Williams?

Positive

Strong demand for housing:

What are the risks of investing in Sherwin-Williams?

Economic downturn, competition, rising raw material prices

Tables

Sherwin-Williams Financial Performance

Year	Revenue	Net Income	Earnings per Share
2019	$15.44 billion	$2.01 billion	$10.07
2020	$16.47 billion	$2.25 billion	$11.26
2021	$18.18 billion	$2.38 billion	$11.90
2022	$18.44 billion	$2.40 billion	$12.27

Sherwin-Williams Key Metrics

Metric	Value
Market capitalization	$59.96 billion
Revenue	$18.44 billion
Net income	$2.40 billion
Earnings per share	$12.27
Dividend yield	1.30%

Sherwin-Williams Share Price History

Date	Open	High	Low	Close
2023-01-03	$275.55	$280.40	$273.96	$279.67
2023-01-04	$280.04	$282.96	$279.45	$282.38
2023-01-05	$282.40	$285.20	$281.83	$285.03
2023-01-06	$285.13	$287.80	$284.58	$287.70
2023-01-09	$287.88	$290.46	$287.74	$290.43