Mckinley Carter Wealth Services Cut Its Sherwin Williams Co (SHW) Position by $1.30 Million; Anadarko Pete (APC) Holder Martin Currie LTD Cut Stake as Share Value Declined

January 15, 2018 - By Adrian Erickson

Martin Currie Ltd decreased its stake in Anadarko Pete Corp (APC) by 14.38% based on its latest 2017Q3 regulatory filing with the SEC. Martin Currie Ltd sold 7,167 shares as the company’s stock declined 20.17% while stock markets rallied. The institutional investor held 42,670 shares of the oil & gas production company at the end of 2017Q3, valued at $2.08M, down from 49,837 at the end of the previous reported quarter. Martin Currie Ltd who had been investing in Anadarko Pete Corp for a number of months, seems to be less bullish one the $32.27B market cap company. The stock increased 0.82% or $0.48 during the last trading session, reaching $58.98. About 4.91 million shares traded. Anadarko Petroleum Corporation (NYSE:APC) has risen 8.29% since January 15, 2017 and is uptrending. It has underperformed by 8.41% the S&P500.

Mckinley Carter Wealth Services Inc decreased its stake in Sherwin Williams Co (SHW) by 56.48% based on its latest 2017Q3 regulatory filing with the SEC. Mckinley Carter Wealth Services Inc sold 3,631 shares as the company’s stock rose 6.75% with the market. The institutional investor held 2,798 shares of the building materials company at the end of 2017Q3, valued at $1.00M, down from 6,429 at the end of the previous reported quarter. Mckinley Carter Wealth Services Inc who had been investing in Sherwin Williams Co for a number of months, seems to be less bullish one the $40.48 billion market cap company. The stock increased 1.76% or $7.48 during the last trading session, reaching $432.84. About 1.02 million shares traded or 123.29% up from the average. The Sherwin-Williams Company (NYSE:SHW) has risen 15.27% since January 15, 2017 and is uptrending. It has underperformed by 1.43% the S&P500.

Mckinley Carter Wealth Services Inc, which manages about $815.35M and $260.58M US Long portfolio, upped its stake in Ishares Tr (IWB) by 60,805 shares to 227,698 shares, valued at $31.85 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IJH) by 2,169 shares in the quarter, for a total of 30,330 shares, and has risen its stake in Ishares Tr (IYG).

Among 28 analysts covering Sherwin-Williams Company (NYSE:SHW), 20 have Buy rating, 0 Sell and 8 Hold. Therefore 71% are positive. Sherwin-Williams Company had 57 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by KeyBanc Capital Markets on Friday, September 1. The stock of The Sherwin-Williams Company (NYSE:SHW) has “Buy” rating given on Wednesday, January 20 by Goldman Sachs. As per Wednesday, July 22, the company rating was upgraded by Northcoast. CLSA upgraded the stock to “Buy” rating in Friday, July 22 report. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, December 13 report. The rating was downgraded by Longbow on Thursday, January 5 to “Neutral”. As per Monday, March 21, the company rating was downgraded by KeyBanc Capital Markets. The firm earned “Hold” rating on Wednesday, April 6 by Argus Research. RBC Capital Markets maintained The Sherwin-Williams Company (NYSE:SHW) on Friday, October 30 with “Outperform” rating. On Friday, September 29 the stock rating was maintained by Robert W. Baird with “Buy”.

Analysts await The Sherwin-Williams Company (NYSE:SHW) to report earnings on January, 25. They expect $3.20 EPS, up 36.75% or $0.86 from last year’s $2.34 per share. SHW’s profit will be $299.25 million for 33.82 P/E if the $3.20 EPS becomes a reality. After $4.75 actual EPS reported by The Sherwin-Williams Company for the previous quarter, Wall Street now forecasts -32.63% negative EPS growth.

Investors sentiment decreased to 1.21 in Q3 2017. Its down 0.01, from 1.22 in 2017Q2. It turned negative, as 60 investors sold SHW shares while 210 reduced holdings. 80 funds opened positions while 247 raised stakes. 69.43 million shares or 2.00% more from 68.06 million shares in 2017Q2 were reported. Insight Capital Rech And Mngmt, California-based fund reported 8,371 shares. Pacific Alternative Asset Mngmt Communication Lc holds 0.17% or 4,355 shares. The Tennessee-based Patten Group Incorporated has invested 0% in The Sherwin-Williams Company (NYSE:SHW). Hap Trading accumulated 63,358 shares. Glg Ptnrs LP reported 9,400 shares. Highstreet Asset Mngmt Inc holds 666 shares. Saybrook Cap Nc stated it has 5,200 shares or 0.92% of all its holdings. Teachers Retirement Systems Of The State Of Kentucky has invested 0.04% of its portfolio in The Sherwin-Williams Company (NYSE:SHW). National Asset Mgmt reported 0.09% stake. Ashfield Cap Prns Limited Liability Company stated it has 0.65% in The Sherwin-Williams Company (NYSE:SHW). Deutsche Fincl Bank Ag owns 241,522 shares. Marsico Ltd Liability Co stated it has 283,024 shares. Avalon Advsrs Limited Co has invested 0.25% in The Sherwin-Williams Company (NYSE:SHW). Davenport & Ltd Liability Com stated it has 202,868 shares. Stock Yards Natl Bank & invested 0.06% in The Sherwin-Williams Company (NYSE:SHW).

Martin Currie Ltd, which manages about $1.30 billion US Long portfolio, upped its stake in Hexcel Corp New (NYSE:HXL) by 22,735 shares to 94,817 shares, valued at $5.44M in 2017Q3, according to the filing. It also increased its holding in Nike Inc (NYSE:NKE) by 60,813 shares in the quarter, for a total of 72,713 shares, and has risen its stake in Hdfc Bank Ltd (NYSE:HDB).

Analysts await Anadarko Petroleum Corporation (NYSE:APC) to report earnings on January, 30. They expect $-0.13 earnings per share, up 74.00% or $0.37 from last year’s $-0.5 per share. After $-0.77 actual earnings per share reported by Anadarko Petroleum Corporation for the previous quarter, Wall Street now forecasts -83.12% EPS growth.

Among 39 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 32 have Buy rating, 2 Sell and 5 Hold. Therefore 82% are positive. Anadarko Petroleum Corporation had 119 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Anadarko Petroleum Corporation (NYSE:APC) earned “Underweight” rating by Barclays Capital on Monday, November 20. Atlantic Securities upgraded the shares of APC in report on Wednesday, February 1 to “Neutral” rating. The rating was maintained by CLSA with “Underperform” on Wednesday, September 14. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, September 13. Argus Research maintained the stock with “Buy” rating in Tuesday, August 11 report. RBC Capital Markets maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Thursday, June 15. RBC Capital Markets has “Buy” rating and $7800 target. The firm has “Buy” rating given on Tuesday, July 25 by Stifel Nicolaus. Jefferies maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Thursday, July 20. Jefferies has “Buy” rating and $6200 target. Howard Weil downgraded the stock to “Sector Outperform” rating in Monday, May 16 report. Morgan Stanley maintained it with “Equal-Weight” rating and $55 target in Wednesday, October 18 report.

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