Brant Point Investment Management Has Cut Sherwin Williams Co (SHW) Position; Argan (AGX) Sellers Decreased By 0.47% Their Shorts

December 6, 2017 - By Clifton Ray

Brant Point Investment Management Llc decreased Sherwin Williams Co (SHW) stake by 10.7% reported in 2017Q2 SEC filing. Brant Point Investment Management Llc sold 1,070 shares as Sherwin Williams Co (SHW)’s

stock rose 6.75%. The Brant Point Investment Management Llc holds 8,930 shares with $3.13M value, down from 10,000 last quarter. Sherwin Williams Co now has $37.49 billion valuation. The stock decreased 1.16% or $4.7 during the last trading session, reaching $400.85. About 181,154 shares traded. The Sherwin-Williams Company (NYSE:SHW) has risen 15.27% since December 6, 2016 and is uptrending. It has underperformed by 1.43% the S&P500.

Argan Incorporated (NYSE:AGX) had a decrease of 0.47% in short interest. AGX’s SI was 765,300 shares in December as released by FINRA. Its down 0.47% from 768,900 shares previously. With 143,000 avg volume, 5 days are for Argan Incorporated (NYSE:AGX)’s short sellers to cover AGX’s short positions. The stock decreased 1.04% or $0.6 during the last trading session, reaching $57.3. About 71,631 shares traded. Argan, Inc. (NYSE:AGX) has risen 101.20% since December 6, 2016 and is uptrending. It has outperformed by 84.50% the S&P500.

Among 26 analysts covering Sherwin-Williams Company (NYSE:SHW), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. Sherwin-Williams Company had 51 analyst reports since July 22, 2015 according to SRatingsIntel. Seaport Global downgraded the stock to “Neutral” rating in Monday, July 11 report. The company was maintained on Monday, September 18 by RBC Capital Markets. Credit Suisse downgraded the stock to “Hold” rating in Thursday, September 28 report. The rating was upgraded by Goldman Sachs on Wednesday, January 20 to “Buy”. As per Tuesday, August 25, the company rating was upgraded by Sterne Agee CRT. UBS maintained the shares of SHW in report on Wednesday, October 25 with “Neutral” rating. The firm has “Neutral” rating given on Thursday, January 5 by Longbow. The rating was upgraded by Longbow on Wednesday, March 16 to “Buy”. The stock has “Overweight” rating by KeyBanc Capital Markets on Wednesday, October 4. Robert W. Baird maintained The Sherwin-Williams Company (NYSE:SHW) on Friday, September 29 with “Buy” rating.

Brant Point Investment Management Llc increased Hca Healthcare Inc (NYSE:HCA) stake by 30,000 shares to 44,800 valued at $3.91M in 2017Q2. It also upped Callon Pete Co Del (NYSE:CPE) stake by 80,000 shares and now owns 250,700 shares. Mgic Invt Corp Wis (NYSE:MTG) was raised too.

Investors sentiment increased to 1.22 in 2017 Q2. Its up 0.15, from 1.07 in 2017Q1. It is positive, as 43 investors sold SHW shares while 224 reduced holdings. 91 funds opened positions while 236 raised stakes. 68.06 million shares or 2.70% more from 66.28 million shares in 2017Q1 were reported. Kingdon Capital Mngmt Limited Liability stated it has 53,048 shares. Capstone Asset Mgmt, Texas-based fund reported 9,804 shares. Jp Marvel Invest Advsr Limited Company stated it has 1.06% of its portfolio in The Sherwin-Williams Company (NYSE:SHW). 69,403 were reported by Schroder Investment Management. Nelson Roberts Invest Advsrs Ltd Liability Corp has invested 0.01% in The Sherwin-Williams Company (NYSE:SHW). Hbk Sorce Advisory Lc invested in 1,221 shares. Ameriprise Inc owns 1.64M shares for 0.29% of their portfolio. Sirios Mngmt LP reported 8.9% of its portfolio in The Sherwin-Williams Company (NYSE:SHW). Baxter Bros Inc stated it has 0.08% of its portfolio in The Sherwin-Williams Company (NYSE:SHW). First Interstate Financial Bank invested in 0.02% or 219 shares. Investec Asset Management Ltd, a United Kingdom-based fund reported 1,402 shares. Fairfax Financial Ltd Can has invested 0.02% of its portfolio in The Sherwin-Williams Company (NYSE:SHW). Bluestein R H reported 127,170 shares or 2.59% of all its holdings. Arizona State Retirement System has invested 0.11% in The Sherwin-Williams Company (NYSE:SHW). Union National Bank Corp, Virginia-based fund reported 1,050 shares.

Analysts await The Sherwin-Williams Company (NYSE:SHW) to report earnings on January, 25. They expect $3.20 earnings per share, up 36.75% or $0.86 from last year’s $2.34 per share. SHW’s profit will be $299.24 million for 31.32 P/E if the $3.20 EPS becomes a reality. After $4.75 actual earnings per share reported by The Sherwin-Williams Company for the previous quarter, Wall Street now forecasts -32.63% negative EPS growth.

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