Keybanc Initiates Coverage of Sherwin-Williams with Sector Weight
Fintel reports that on September 11, 2026, Keybanc initiated coverage of Sherwin-Williams (NYSE:SHW) with a Sector Weight recommendation. This initiation of coverage on September 11, 2026, aligns with Keybanc's same-day rating action for the company. Prior to this, on August 25, 2026, DA Davidson initiated coverage of Sherwin-Williams with a Buy rating.
The Sherwin-Williams Company, based in the United States, is a global leader in the manufacture, distribution, and sale of paints, coatings, and related products. It operates largely through its extensive network of company-operated stores and facilities, serving both professional markets and retail channels. On September 10, 2026, the day before Keybanc's rating action, the stock's pre-action close was $317.44, which is also the latest close price as of September 10, 2026. This price represents a price change of -4.46% over one week, compared to a baseline close of $332.26 on September 3, 2026. Over a one-month period, the stock experienced a price change of -12.48% from a baseline close of $362.71 on August 10, 2026.
In its latest quarterly earnings report on July 28, 2026, Sherwin-Williams reported an actual EPS of 3.7, compared to the estimated EPS of 3.5546, representing an EPS surprise of +4.09%. The company's actual revenue for the quarter was $6,789,300,000,000,000.00, compared to the estimated revenue of $6,668,096,891,000,000.00. According to the company's EX-99.1 filing dated July 28, 2026, consolidated net sales increased 7.5% to $6.79 billion in the quarter, and net sales from stores in the Paint Stores Group open more than twelve calendar months increased 4.2% in the quarter. The filing also noted that diluted net income per share increased 14.3% to $3.43 per share in the quarter compared to $3.00 per share in the second quarter of 2025, while adjusted diluted net income per share increased 9.5% to $3.70.
Separately from Keybanc's individual rating, the current consensus target mean for the stock was $400.06 as of August 28, 2026, with a median target of $405.96. This mean target represents an implied change of +26.03% from the stock's valuation. The prior consensus target mean was $396.54 as of August 3, 2026, representing a consensus target revision of +0.89%. In terms of aggregate analyst recommendations, during the current recommendation period of September 1, 2026, there were 5 strong buy, 13 buy, 14 hold, 0 sell, and 0 strong sell recommendations, totaling 32 recommendations. This represents 56.3% positive, 43.8% hold, and 0.0% negative recommendations. In the prior recommendation period of August 1, 2026, there were 4 strong buy, 12 buy, 13 hold, 0 sell, and 0 strong sell recommendations, totaling 29 recommendations, which consisted of 55.2% positive, 44.8% hold, and 0.0% negative recommendations.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 11, 2026 | Keybanc | Sector Weight | initiated coverage | |
| August 25, 2026 | DA Davidson | Buy | initiated coverage |
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This story originally appeared on Fintel.