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Morgan Stanley raised their stock price forecast on Sherwin-Williams to $315 from $275 due to the confluence of solid first-quarter earnings results and continued momentum in HIRS/P&WP sales.
Sherwin-Williams will join the Dow Jones Industrial Average on November 8. Sherwin-Williams has a market cap of $90.15 billion. Here's everything to know about the paint company.
Profit at the company's Paint Stoes Group unit rose 23.8% to $917.5 million, while Sherwin-Williams lifts profit forecast as higher prices boost Q3 results Skip to main content
In 1875, Sherwin-Williams started selling ready-mixed paint. [4] Previously, consumers bought paint ingredients that they themselves would mix together. [4] In the 1940s, Sherwin-Williams introduced Kem-Tone, a water-based fast-drying interior paint. [4] In 1996, the American Chemical Society named the product a National Historic Chemical Landmark.
By 1900, known as the "Glass Trust", it included 10 plants, had a 65 percent share of the U.S. plate glass market, and had become the nation's second largest producer of paint. [4] Today, known as PPG Industries, the company is a multibillion-dollar, Fortune 500 corporation with 150 manufacturing locations around the world.
Insl-X had already acquired Coronado and Lenmar in 2004. Coronado includes value-driven interior and exterior paint and stain. Lenmar, a wood finishes business, was sold to Gemini Coatings in 2022. Benjamin Moore manufactures and markets commercial-use enamels, epoxies, and other specialty coatings under its Corotech line. [citation needed]
The Sherwin-Williams Headquarters is a 36-story office tower under construction in Downtown Cleveland, Ohio. At 616 ft (188 m), it is the 4th tallest building in Cleveland, and the 6th tallest building in Ohio. [1] When completed, it will be the global headquarters of Sherwin-Williams, the largest paint and coating company in the world. [2]
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