Why Sherwin-Williams Stock Gained 12% in July
Sherwin-Williams (NYSE: SHW) stock outpaced the market last month by gaining 12% compared to a 1% uptick in the S&P 500, according to S&P Global Market Intelligence. The rally put shareholders back in solidly positive territory, with shares up over 25% so far in 2019 compared to a 14% gain in the broader market.
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July's rally came following a strong earnings announcement by the paint giant. Sherwin-Williams revealed late in the month that same-store sales jumped 4% in its core U.S. locations due to a mix of rising volumes and increased prices. These gains were just partially offset by weakness in a few international geographies. Sherwin-Williams notched higher profitability in each of its three core business divisions.
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