SHW - The Sherwin-Williams Company: A Hard Pass
2024-07-03 14:11:06 ET
Summary
- Today, we take a deeper look at Sherwin-Williams, whose stock was down some 15% in the second quarter.
- The company is facing some significant headwinds from a tepid housing sector and a consumer pushing off big ticket purchases.
- Time to buy the dip in the stock or is more pain for shareholders ahead? An analysis follows in the paragraphs below.
Today, we're putting another housing-related concern in the spotlight in the form of paint manufacturer and distributor The Sherwin-Williams Company ( SHW ) . The stock had a rough ride in the second quarter where it fell back some 15% and the equity is now down some 5% for 2024. Time to buy the dip in this underperformer or more downside to come? An analysis follows below....
The Sherwin-Williams Company: A Hard Pass