Gardner Russo & Gardner Has Boosted Its Holding in Wells Fargo (WFC) by $3.06 Million; As Sherwin (SHW) Shares Rose, Bessemer Group Has Decreased Position by $325,422

January 19, 2018 - By Ellis Scott

Bessemer Group Inc decreased its stake in Sherwin (SHW) by 48.69% based on its latest 2017Q3 regulatory filing with the SEC. Bessemer Group Inc sold 909 shares as the company’s stock rose 6.75% with the market. The institutional investor held 958 shares of the building materials company at the end of 2017Q3, valued at $343,000, down from 1,867 at the end of the previous reported quarter. Bessemer Group Inc who had been investing in Sherwin for a number of months, seems to be less bullish one the $40.27 billion market cap company. The stock decreased 0.04% or $0.1801 during the last trading session, reaching $430.5799. About 267,088 shares traded. The Sherwin-Williams Company (NYSE:SHW) has risen 15.27% since January 19, 2017 and is uptrending. It has underperformed by 1.43% the S&P500.

Tom Russo increased its stake in Wells Fargo (WFC) by 0.44% based on its latest 2017Q3 regulatory filing with the SEC. Gardner Russo & Gardner Llc bought 55,602 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund run by Tom Russo held 12.70 million shares of the major banks company at the end of 2017Q3, valued at $700.64M, up from 12.65 million at the end of the previous reported quarter. Gardner Russo & Gardner Llc who had been investing in Wells Fargo for a number of months, seems to be bullish on the $315.22B market cap company. The stock increased 0.10% or $0.063 during the last trading session, reaching $64.013. About 8.51 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 19, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Bessemer Group Inc, which manages about $25.06 billion US Long portfolio, upped its stake in Continental Res In (NYSE:CLR) by 16,839 shares to 38,404 shares, valued at $1.48M in 2017Q3, according to the filing. It also increased its holding in Texas Instruments Inc (NASDAQ:TXN) by 23,135 shares in the quarter, for a total of 2.71 million shares, and has risen its stake in Emcor Group Inc (NYSE:EME).

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 $299.24 million for 33.64 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 is 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. 233 were reported by Sandy Spring Commercial Bank. Zacks Inv Management holds 570 shares. Moreover, Atlanta Cap L L C has 0.2% invested in The Sherwin-Williams Company (NYSE:SHW) for 100,951 shares. Rowland And Invest Counsel Adv invested in 364 shares. Baystate Wealth Mgmt Limited Liability Corp owns 482 shares. North Dakota-based Invest Centers Of America has invested 0.03% in The Sherwin-Williams Company (NYSE:SHW). Missouri-based Comml Bank has invested 0.03% in The Sherwin-Williams Company (NYSE:SHW). Barometer Capital Mngmt invested in 0.1% or 2,800 shares. Ct Mason holds 9,985 shares. Bright Rock Cap Management Ltd Liability reported 2.19% in The Sherwin-Williams Company (NYSE:SHW). Moreover, Beach Counsel Pa has 0.24% invested in The Sherwin-Williams Company (NYSE:SHW). Adirondack holds 0.01% or 30 shares. Cue Fincl Group Inc Inc owns 3,350 shares. Metropolitan Life owns 42,578 shares for 0.1% of their portfolio. Amalgamated Comml Bank owns 9,883 shares.

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 58 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of The Sherwin-Williams Company (NYSE:SHW) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 4. Wells Fargo initiated the shares of SHW in report on Thursday, September 29 with “Market Perform” rating. The rating was maintained by UBS with “Neutral” on Monday, March 21. The firm has “Overweight” rating given on Tuesday, April 4 by KeyBanc Capital Markets. The firm earned “Outperform” rating on Friday, January 29 by RBC Capital Markets. Susquehanna upgraded the shares of SHW in report on Monday, March 21 to “Positive” rating. Argus Research initiated the shares of SHW in report on Wednesday, April 6 with “Hold” rating. Credit Suisse maintained The Sherwin-Williams Company (NYSE:SHW) on Wednesday, October 4 with “Outperform” rating. The stock has “Neutral” rating by Longbow on Thursday, January 5. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 30 report.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It dropped, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Teachers Retirement System Of The State Of Kentucky invested in 0.64% or 968,435 shares. Zeke Advsr Lc has invested 0.7% of its portfolio in Wells Fargo & Company (NYSE:WFC). Tortoise Inv Management Ltd Liability Co holds 632 shares. First Manhattan holds 1.37% in Wells Fargo & Company (NYSE:WFC) or 4.33 million shares. New York-based Solaris Asset Lc has invested 2.08% in Wells Fargo & Company (NYSE:WFC). Mountain Pacific Investment Advisers Incorporated Id holds 0.69% or 114,801 shares. Beech Hill Incorporated accumulated 57,920 shares. Centurylink Management accumulated 84,451 shares. Btc invested in 79,450 shares. Hills Retail Bank owns 90,675 shares. 198.29 million are held by State Street Corporation. Johnson Inv Counsel reported 77,255 shares stake. Bancorp Of The West stated it has 82,601 shares. Atlas Browninc reported 11,124 shares. Burke And Herbert Commercial Bank And reported 24,421 shares stake.

Gardner Russo & Gardner Llc, which manages about $10.72B and $14.14 billion US Long portfolio, decreased its stake in Diageo Plc (DGEAF) by 32,152 shares to 9.13 million shares, valued at $300.36 million in 2017Q3, according to the filing. It also reduced its holding in Forman Corp Cl A by 54,915 shares in the quarter, leaving it with 4.44 million shares, and cut its stake in Unilever Nv Adr (NYSE:UN).

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