As Sherwin Williams Co (SHW) Valuation Declined, Smith Moore & Company Has Increased Its Position by $316,930; 3M Co (MMM) Shares Declined While Hyman Charles D Has Lowered Its Stake

April 24, 2018 - By Ellis Scott

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Smith Moore & Company increased its stake in Sherwin Williams Co (SHW) by 131.69% based on its latest 2017Q4 regulatory filing with the SEC. Smith Moore & Company bought 773 shares as the company’s stock declined 5.42% with the market. The institutional investor held 1,360 shares of the building materials company at the end of 2017Q4, valued at $558,000, up from 587 at the end of the previous reported quarter. Smith Moore & Company who had been investing in Sherwin Williams Co for a number of months, seems to be bullish on the $36.29 billion market cap company. The stock decreased 1.19% or $4.68 during the last trading session, reaching $387.71. About 743,716 shares traded or 12.42% up from the average. The Sherwin-Williams Company (NYSE:SHW) has risen 26.25% since April 24, 2017 and is uptrending. It has outperformed by 14.70% the S&P500.

Hyman Charles D decreased its stake in 3M Co (MMM) by 2.46% based on its latest 2017Q4 regulatory filing with the SEC. Hyman Charles D sold 2,224 shares as the company’s stock declined 8.03% with the market. The institutional investor held 88,314 shares of the medical and dental instruments company at the end of 2017Q4, valued at $20.79M, down from 90,538 at the end of the previous reported quarter. Hyman Charles D who had been investing in 3M Co for a number of months, seems to be less bullish one the $128.39 billion market cap company. The stock decreased 0.86% or $1.87 during the last trading session, reaching $215.88. About 2.52 million shares traded. 3M Company (NYSE:MMM) has risen 13.36% since April 24, 2017 and is uptrending. It has outperformed by 1.81% the S&P500.

Smith Moore & Company, which manages about $504.66M and $370.95 million US Long portfolio, decreased its stake in Ishares Tr (IJR) by 5,937 shares to 173,754 shares, valued at $13.35M in 2017Q4, according to the filing. It also reduced its holding in Vanguard Tax Managed Intl Fd (VEA) by 8,220 shares in the quarter, leaving it with 216,319 shares, and cut its stake in Ishares Tr (IWO).

Since March 14, 2018, it had 0 insider buys, and 1 sale for $306,945 activity.

Among 30 analysts covering Sherwin-Williams Company (NYSE:SHW), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Sherwin-Williams Company had 67 analyst reports since July 22, 2015 according to SRatingsIntel. Robert W. Baird maintained The Sherwin-Williams Company (NYSE:SHW) rating on Wednesday, January 10. Robert W. Baird has “Buy” rating and $475.0 target. Zelman upgraded the shares of SHW in report on Wednesday, October 18 to “Buy” rating. The stock of The Sherwin-Williams Company (NYSE:SHW) has “Buy” rating given on Monday, September 18 by RBC Capital Markets. The firm has “Buy” rating by Bank of America given on Thursday, October 5. The stock of The Sherwin-Williams Company (NYSE:SHW) earned “Buy” rating by RBC Capital Markets on Sunday, January 28. The rating was maintained by KeyCorp with “Overweight” on Wednesday, April 5. Longbow upgraded the shares of SHW in report on Wednesday, March 16 to “Buy” rating. The stock has “Buy” rating by Argus Research on Monday, October 10. The stock has “Buy” rating by Robert W. Baird on Friday, September 29. On Monday, August 14 the stock rating was maintained by RBC Capital Markets with “Buy”.

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.06, from 1.21 in 2017Q3. It fall, as 43 investors sold SHW shares while 252 reduced holdings. 117 funds opened positions while 221 raised stakes. 68.54 million shares or 1.28% less from 69.43 million shares in 2017Q3 were reported. Pension holds 76,444 shares or 0.16% of its portfolio. Piedmont Investment Ltd Liability Co holds 0.2% or 24,589 shares in its portfolio. M&T Bankshares Corporation holds 0.09% or 41,751 shares. Catalyst Capital Lc holds 0.1% of its portfolio in The Sherwin-Williams Company (NYSE:SHW) for 6,500 shares. Franklin Resource holds 0% in The Sherwin-Williams Company (NYSE:SHW) or 17,762 shares. Magnetar Fin Limited Co invested in 1,590 shares. Cortland Associates Inc Mo owns 0.1% invested in The Sherwin-Williams Company (NYSE:SHW) for 1,300 shares. First Republic Inv Mgmt stated it has 3,135 shares or 0.01% of all its holdings. Ameritas Invest Prtnrs holds 5,809 shares. Ontario – Canada-based Manufacturers Life Insur Co The has invested 0.09% in The Sherwin-Williams Company (NYSE:SHW). Strs Ohio reported 184,430 shares. Corbyn Inv Management Md accumulated 24,851 shares. Axa reported 51,331 shares stake. Provident Trust owns 0.03% invested in The Sherwin-Williams Company (NYSE:SHW) for 1,975 shares. Teachers Retirement Of The State Of Kentucky holds 0.04% or 9,100 shares in its portfolio.

Hyman Charles D, which manages about $799.29M and $870.76M US Long portfolio, upped its stake in Chevron Corp New (NYSE:CVX) by 4,301 shares to 89,626 shares, valued at $11.22M in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 4,028 shares in the quarter, for a total of 196,508 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Since October 27, 2017, it had 0 insider purchases, and 21 insider sales for $34.51 million activity. THULIN INGE G sold $1.59M worth of 3M Company (NYSE:MMM) on Friday, October 27. $1.68 million worth of 3M Company (NYSE:MMM) was sold by Shin Hak Cheol. Gangestad Nicholas C sold $936,291 worth of stock. Shares for $351,708 were sold by Little Frank R Jr. on Friday, October 27. $700,790 worth of 3M Company (NYSE:MMM) was sold by Bauman James L on Friday, February 2. Lindekugel Jon T sold $92,023 worth of 3M Company (NYSE:MMM) on Tuesday, October 31.

Investors sentiment increased to 0.83 in Q4 2017. Its up 0.06, from 0.77 in 2017Q3. It improved, as 47 investors sold MMM shares while 635 reduced holdings. 147 funds opened positions while 416 raised stakes. 383.04 million shares or 1.04% less from 387.06 million shares in 2017Q3 were reported. The Indiana-based Monarch Mgmt Inc has invested 2.37% in 3M Company (NYSE:MMM). Gw Henssler & Associates Ltd invested in 58,130 shares or 1.28% of the stock. Eagle Asset Mngmt has invested 0.62% in 3M Company (NYSE:MMM). Sol Capital Comm holds 0.16% in 3M Company (NYSE:MMM) or 2,329 shares. Mckinley Cap Management Limited Liability Corporation Delaware holds 0.02% or 1,616 shares. Summit Strategies Incorporated stated it has 0.16% in 3M Company (NYSE:MMM). Cue Group Incorporated Incorporated holds 0.59% or 3,827 shares in its portfolio. State Farm Mutual Automobile Co has invested 3.29% of its portfolio in 3M Company (NYSE:MMM). Opus Investment Incorporated holds 1.24% or 29,500 shares in its portfolio. Ifc Fl reported 6,324 shares. Rnc Capital Mgmt Ltd Limited Liability Company has invested 0.07% of its portfolio in 3M Company (NYSE:MMM). American Economic Planning Grp Inc Adv, a New Jersey-based fund reported 1,640 shares. Osborne Prtnrs Management Ltd Liability Com owns 0.07% invested in 3M Company (NYSE:MMM) for 2,250 shares. Gyroscope Mgmt Group Inc Lc has 0.39% invested in 3M Company (NYSE:MMM) for 3,616 shares. Buckingham Asset Management Limited Liability Company has 10,315 shares for 0.51% of their portfolio.

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M had 83 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Monday, October 5 by Barclays Capital. The stock has “Outperform” rating by Credit Suisse on Wednesday, October 25. Deutsche Bank maintained 3M Company (NYSE:MMM) rating on Tuesday, August 25. Deutsche Bank has “Hold” rating and $164 target. Jefferies maintained the stock with “Buy” rating in Thursday, June 1 report. Bernstein maintained it with “Market Perform” rating and $170 target in Wednesday, March 30 report. RBC Capital Markets maintained 3M Company (NYSE:MMM) rating on Tuesday, August 4. RBC Capital Markets has “Underperform” rating and $149 target. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Thursday, July 13 by Jefferies. Citigroup maintained it with “Buy” rating and $191 target in Tuesday, April 19 report. The firm has “Hold” rating given on Wednesday, January 25 by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Underperform” rating in Friday, October 23 report.

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