SHERWIN-WILLIAMS (SHW) Stocks
? Sherwin-Williams Company is an American company that manufactures, distributes and sells paints as well as other related products. It does business with industrial, professional, retail and commercial customers Primarily in South and North America. The company also has operations in Europe, Asia and the Caribbean.
It is the largest paint manufacturer in the United States and the second largest in the world after Dutch giant Akzo Nobel N.V. Sherwin-Williams Company manufactures a wide variety of paints, applicators, coatings, varnishes and finishes for the marine, industrial, architectural and automotive markets. Its products are sold under the brand names Pratt & Lambert, Dutch Boy, Sherwin-Williams, Krylon, Martin-Senour, Red Devil, Miniwax and Thompson’s.
Products are sold at home centers, wholesale branches, mass merchandisers, independent retailers and through a network of company-operated paint stores. It operates more than 3 000 stores in the United States, the Virgin Islands, Puerto Rico and Canada. Sherwin-Williams’ global group distributes to Jamaica, South America, Europe, China and the United Kingdom. About 70% of the company’s revenue is derived from the architectural market.
Today Sherwin-Williams operates under five segments, Paints, Stains, Colors & Supplies, Protective & Marine Coatings, Product Finishes, Automotive & Transportation Finishes as well as Aerospace Finishes. The company’s history dates back to 1866 and it is headquartered in Cleveland, Ohio.
It has approximately 53 000 employees. Its subsidiaries include Minwax, Valspar, Ronseal, Sherwin Williams Chile SA, Accurate Dispersions, Inc., Geocel Limited and Valspar Powder Coatings Ltd.
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OVERVIEW OF SHERWIN-WILLIAMS
- In 1866 Henry Sherwin uses his life savings of US Dollar 2 000 to buy a partnership in the Truman Dunham Company of Ohio. The company distributes painting supplies, oils, pigments and glass. Four years later this partnership is dissolved and Sherwin starts a new paint business with Edward P. Williams and A.T. Osborn called Sherwin-Williams & Company.
- In 1873 the company buys its first factory manufacturing oil colors, past paints and putty. The same year the company produces its first product, Guaranteed Strictly Pure Raw Umber in Oil.
- In 1877 they develop the first patented reclosable paint can which revolutionizes the way paint can be used and reused over a period of time. During the next few years the company continues to develop new products for the paint industry. The partnership is dissolved in 1884 and Sherwin and Williams is incorporated as The Sherwin-Williams Company. This is also the year that Inside Floor Paint is produced.
- In the late 1880’s the company opens a manufacturing facility in Chicago to serve the railroad Pullman Company and better serve the carriage and farm-implement industries.
- In 1890 it forms a department exclusively devoted to advertising and publicizing. Early in the 20th century the company starts buying other companies to meet the growing demand for a variety of different paints and related products.
- In 1917 it buys the Martin-Senour Company. In 1920 the company goes public and sells US Dollar 15 million in preferred stock. Proceeds are used to buy the Acme Quality Paint Company of Detroit and a new plant in California.
- In 2016 Sherwin-Williams buys Valspar for approximately US Dollar 9 billion. Sherwin-Williams Company wins several awards and accolades over the years which include its STIR magazine winning various industry awards.
- It wins a 2005 FOLIO award for best design, new custom publication and also a 2007 Pearl Award for the best in custom publishing from the Custom Publishing Council.
- In 2011 Computerworld names the company the #58 Best Place to Work in IT. Sherwin-Williams Company is recognized as the most used brand and winner for brand familiarity and quality rating in the paints category by the Builder magazine in 2015.
- The company is ranked 190th on the Fortune 500 list of the largest United States corporations by revenue in 2018.
VALUES OF SHERWIN-WILLIAMS
- The company values sustainability and is actively engaged with various government agencies, industry organizations and non-government organizations such as the American Coatings Federation, U.S. Department of Energy Program, The Global Alliance to Eliminate Lead in Paint and the U.S. Green Building Council. Its core values are integrity, people, service, quality, performance, innovation and growth.
MARKET PERFORMANCE OF SHERWIN-WILLIAMS
- Sherwin-Williams Company trades on the New York Stock Exchange under the NYSE Stock Symbol “SHW”.
- In January 2019 the company reports its 2018 Year-end and Fourth Quarter Financial Results. Consolidated net sales for the year increase with 17.0% to a record US Dollar 17.53 billion. Its net sales from stores in the U.S. and Canada – open more than 12 calendar months – increase with 5.1% in the year.
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LATEST NEWS SHERWIN-WILLIAMS
Buy SHERWIN-WILLIAMS stocks / shares – A Step by Step Guide how to Buy / Purchase SHERWIN-WILLIAMS Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy SHERWIN-WILLIAMS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN SHERWIN-WILLIAMS STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE SHERWIN-WILLIAMS STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of SHERWIN-WILLIAMS stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy SHERWIN-WILLIAMS stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?
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