I have a soft spot for this particular brand. A good number of years ago, when I was first learning about accounting, I used the annual report of Sherwin-Williams (SHW) as a read-along guide when I was practicing with my accounting books. One book in particular that really helped here was Mary Buffett's "Warren Buffett And The Interpretation of Financial Statements", and I would go through each chapter making comparisons with the real thing. What I was able to tell about the company doing nothing else but reading the accounting was that Sherwinn-Williams had some kind of "Durable competitive advantage" over their peers. Since that time, I've been able to spend time talking to their customers, and they tell me that as paints go, SHW consistently delivers some of the best quality, and has the strongest durability, things of that nature. What I've come to see about the stock is that it doesn't sell at a big discount very often. 30x earning or higher is the norm for these guys. Well, it's at 25x trailing earnings right now, so I'd be willing to say that makes the stock a buy. The entry point might feel a little steep at $291.31/share where they closed today, but the value is definitely there. Phenomenal dividend growth. Last year SHW boosted the dividend by more than 25% annually. The current yield of just 1.15% probably seems meager in comparison to other brands, but with growth like this you'll be sitting on a very nice total return down the road. It's the kind of company that does very steady business and you wouldn't want to every sell if you can avoid it In short, this is the kind of business that Warren Buffett would buy if the price was right. Don't wait for him, this should be in your portfolio.