Sherwin-Williams' CEO Says Its "Magic Number" Is Coming. Are Shares a Buy?

In 1991, the paint-making company Sherwin-Williams (NYSE: SHW) was celebrating more than its 125th birthday. That year, profits climbed to $63 million on sales of $1.37 billion, securing Sherwin-Williams' place as one of the very few companies to dominate its industry for a century. Since then, profits have risen to $3.34 billion across all segments, a 5,200% rise. Capital appreciation naturally followed; since 1991, shares have returned 13,470%. Over the last few decades, Sherwin-Williams has been one o ...