Sherwin-Williams stock: Evercore sees gains with paint pros

Evercore's latest housing survey gives Sherwin-Williams a more favorable position within a cautious renovation market. In a report published Friday, November 13, Investing.com said the survey pointed to fewer planned home-improvement projects, while Sherwin-Williams had gained ground as the first stop for paint professionals.

Sherwin-Williams stock traded at 317.50 euros on Lang & Schwarz at 16:30 CET on Friday, November 13.

Professional projects hold up

Evercore analyst Greg Melich said only 37 percent of households planned a project in the next 12 months, down from 49 percent a year earlier. Home sales activity remained about one-third below normal, pointing to a difficult backdrop for broad-based renovation demand.

The survey also found that households still undertaking projects planned to spend more. Work handled by professional contractors was holding up better than do-it-yourself activity, while higher-income households remained an important source of demand.

That mix matters for Sherwin-Williams because Evercore identified the company as gaining ground as the first stop for paint professionals. The observation supports the company's exposure to professional customers, but it does not remove the wider risks from subdued housing activity and competing household priorities.

Pricing remains central

Evercore said three in four respondents expected material costs to rise. The survey therefore points to sales growth driven more by higher spending per transaction than by an increase in customer visits.

For investors, Sherwin-Williams' position among professional contractors offers a relative demand advantage, while the broader market still depends on project activity, material costs and household budgets. The next focus is whether contractor-led demand can offset weaker do-it-yourself activity.

The broader US market can be followed in Current market reports.

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