** Shares of paintmaker Sherwin-Williams SHW.N rise 4.7% to $347.92 premarket

** Company beats Q1 profit estimate on higher prices for its products

** Posts adjusted profit of $2.25 per share compared with analysts' estimate of $2.16 per share - data compiled by LSEG

** Net sales in paint stores segment — which services the needs of architectural and industrial paint contractors and do-it-yourself homeowners — rise to $2.94 billion from $2.87 billion a year ago

** As of last close, SHW shares down 0.2% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))