Sherwin-Williams Co (SHW)
Sherwin-Williams Company, headquartered in Cleveland, Ohio, is a leading global manufacturer of paints and coatings, committed to providing innovative and sustainable solutions to a diverse customer base. The company operates through various segments, focusing on the manufacture, distribution, and sale of a wide array of products, including paints, coatings, and floorcoverings, primarily targeting professional, industrial, commercial, and retail markets across North America, South America, and Europe. With a robust portfolio of well-known brands and a strong emphasis on research and development, Sherwin-Williams is well-positioned to capitalize on growth opportunities and address evolving consumer needs in the coatings industry.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 28.23% per annum.
- SHW price at the close of October 17, 2025 was $330.74 and was lower than the bottom border of the primary price channel by $58.37 (15.00%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.93% per annum.
- SHW price at the close of October 17, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of SHW price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 26, 2022
End date: March 10, 2025
a = 4.8588
b = 0.0007
s = 0.0688
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0007) – 1
= 28.23%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0688) – 1
= 31.67%
August 26, 2022 calculations
Top border of price channel:
Exp(Y467)
= Exp(a + b × X467 + 2 × s)
= Exp(a + b × 676 + 2 × s)
= Exp(4.8588 + 0.0007 × 676 + 2 × 0.0688)
= Exp(5.4569)
= $234.36
Bottom border of price channel:
Exp(Y467)
= Exp(a + b × X467 – 2 × s)
= Exp(a + b × 676 – 2 × s)
= Exp(4.8588 + 0.0007 × 676 – 2 × 0.0688)
= Exp(5.1818)
= $178.00
March 10, 2025 calculations
Top border of price channel:
Exp(Y1,101)
= Exp(a + b × X1,101 + 2 × s)
= Exp(a + b × 1,603 + 2 × s)
= Exp(4.8588 + 0.0007 × 1,603 + 2 × 0.0688)
= Exp(6.0884)
= $440.72
Bottom border of price channel:
Exp(Y1,101)
= Exp(a + b × X1,101 – 2 × s)
= Exp(a + b × 1,603 – 2 × s)
= Exp(4.8588 + 0.0007 × 1,603 – 2 × 0.0688)
= Exp(5.8133)
= $334.72
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 28.23% per annum.
- SHW price at the close of October 17, 2025 was $330.74 and was lower than the bottom border of the primary price channel by $58.37 (15.00%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 14, 2024
End date: October 17, 2025
a = 6.1401
b = -0.0002
s = 0.0395
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -5.93%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0395) – 1
= 17.12%
August 14, 2024 calculations
Top border of price channel:
Exp(Y960)
= Exp(a + b × X960 + 2 × s)
= Exp(a + b × 1,395 + 2 × s)
= Exp(6.1401 + -0.0002 × 1,395 + 2 × 0.0395)
= Exp(5.9855)
= $397.64
Bottom border of price channel:
Exp(Y960)
= Exp(a + b × X960 – 2 × s)
= Exp(a + b × 1,395 – 2 × s)
= Exp(6.1401 + -0.0002 × 1,395 – 2 × 0.0395)
= Exp(5.8275)
= $339.51
October 17, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(6.1401 + -0.0002 × 1,824 + 2 × 0.0395)
= Exp(5.9137)
= $370.08
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(6.1401 + -0.0002 × 1,824 – 2 × 0.0395)
= Exp(5.7557)
= $315.98
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 5.93% per annum.
- SHW price at the close of October 17, 2025 was inside the secondary price channel.