5 Biggest Paint Companies in the World

2. The Sherwin-Williams Company (NYSE:SHW)

2021 Paint and Coatings Sales: $15.96 billion

The Sherwin-Williams Company (NYSE:SHW) is a Cleveland, Ohio-based paint and coating manufacturing concern with a rich history of 155 years. The company employs 60,000 individuals and operates a chain of 4,438 company-operated outlets in the Americas. The company sells its products through leading home improvement retailers.

In a report issued to investors on December 2, Jeffrey Zekauskas at JPMorgan increased the target price for The Sherwin-Williams Company (NYSE:SHW) from $250 to $260 and maintained an Overweight rating on the stock. The analyst believes that the company has the potential to achieve above-consensus earnings in 2023 as it has increased its prices significantly in line with the rising inflation while successfully controlling costs.

Here’s what ClearBridge Investments said about The Sherwin-Williams Company (NYSE:SHW) in its Q3 2022 investor letter:

“The third strategy is buying growth companies with idiosyncratic or stock-specific catalysts unrelated to the direction of the market like The Sherwin-Williams Company (NYSE:SHW). The stock is an example of a company we categorize in our cyclical bucket that should experience a step change in earnings over the medium to long term with solid execution and its ability to pass through price increases. While relative performance has been challenged by binary decisions around a handful of mega cap technology stocks, we’re entering a lower-growth period in which we’ve historically delivered strong relative results from our balanced approach.”