Beach Investment Counsel Decreased Sherwin Williams Co. (SHW) Position by $552,720; Stock Declined; As General Electric Co (GE) Stock Value Declined, Hoertkorn Richard Charles Cut by $399,100 Its Holding

June 18, 2018 - By Richard Conner

The Sherwin-Williams Company (NYSE:SHW) Logo

Hoertkorn Richard Charles decreased its stake in General Electric Co (GE) by 30.5% based on its latest 2018Q1 regulatory filing with the SEC. Hoertkorn Richard Charles sold 30,700 shares as the company’s stock declined 0.14% with the market. The institutional investor held 69,946 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $943,000, down from 100,646 at the end of the previous reported quarter. Hoertkorn Richard Charles who had been investing in General Electric Co for a number of months, seems to be less bullish one the $115.52 billion market cap company. The stock decreased 1.63% or $0.22 during the last trading session, reaching $13.3. About 96.18 million shares traded or 42.15% up from the average. General Electric Company (NYSE:GE) has declined 46.78% since June 18, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 20/04/2018 – GE Earnings: That Went Better Than Expected — Barron’s Blog; 17/04/2018 – One dead after engine explodes midair on Southwest flight; 21/05/2018 – WABTEC – GOLDMAN, SACHS & CO LLC ACTING AS FINANCIAL ADVISOR TO CO; 26/04/2018 – CFM says more than half of engines inspected after emergency directive; 08/03/2018 – BOEING CEO SAYS ENGINE MAKERS ARE AN AREA TO WATCH, BUT NO IMMEDIATE CONCERN; GE GE.N DOING WELL ON 737 MAX, 777X; 15/03/2018 – General Electric’s Aviation division has put its new GE9X engine into the sky for the first time; 20/04/2018 – GE CEO: Will Disclose Plan in Next Couple of Months; 23/04/2018 – HFMA Awards GE Healthcare Revenue Cycle Technology with Peer Review Designation for Superior Productivity, Data Accuracy and Va; 21/05/2018 – WABTEC – FOLLOWING DEAL CLOSE, CO’S TRANSIT SEGMENT HEADQUARTERS WILL REMAIN IN PARIS; 17/04/2018 – NTSB CHAIRMAN SAYS “VERY CONCERNED” ABOUT METAL FATIGUE IN ENGINES

Beach Investment Counsel Inc decreased its stake in Sherwin Williams Co. (SHW) by 22.47% based on its latest 2018Q1 regulatory filing with the SEC. Beach Investment Counsel Inc sold 1,410 shares as the company’s stock declined 2.96% with the market. The hedge fund held 4,865 shares of the building materials company at the end of 2018Q1, valued at $1.91 million, down from 6,275 at the end of the previous reported quarter. Beach Investment Counsel Inc who had been investing in Sherwin Williams Co. for a number of months, seems to be less bullish one the $37.42B market cap company. The stock increased 0.23% or $0.91 during the last trading session, reaching $402.11. About 958,116 shares traded or 32.19% up from the average. The Sherwin-Williams Company (NYSE:SHW) has risen 17.41% since June 18, 2017 and is uptrending. It has outperformed by 4.84% the S&P500. Some Historical SHW News: 16/05/2018 – Sherwin-Williams Celebrates The Power Of Paint By Transforming More Than 200 Community Spaces; 24/04/2018 – SHERWIN SEES 40C EPS DILUTION DUE TO LOWES SPENDING IN 2018; 27/03/2018 – Sherwin-Williams Co. CDS Widens 5 Bps; 25/04/2018 – Visualize Paint Colors On Any Wall In Real Time With New Augmented Reality Feature From Sherwin-Williams; 24/04/2018 – Sherwin-Williams Expects Incremental Sales From the Valspar Acquisition to Be Approximately $600 M for April and May in 2nd Quarter; 24/04/2018 – SHERWIN-WILLIAMS – QTRLY NET SALES ROSE DUE TO ADDITION OF VALSPAR SALES, SELLING PRICE INCREASES, HIGHER PAINT SALES VOLUME IN AMERICAS GROUP; 24/04/2018 – Sherwin-Williams Sees 2018 Effective Tax Rate in the Low-To-Mid 20% Range; 26/04/2018 – AIA Announces New Partnership with Sherwin-Williams; 11/05/2018 – Sherwin-Williams to Webcast Financial Community Presentation on May 22, 2018; 24/04/2018 – SHERWIN-WILLIAMS CO – QTRLY CONSOLIDATED NET SALES INCREASED 43.6% IN QUARTER TO A RECORD $3.97 BLN

Analysts await The Sherwin-Williams Company (NYSE:SHW) to report earnings on July, 19. They expect $5.59 EPS, up 23.67% or $1.07 from last year’s $4.52 per share. SHW’s profit will be $520.21M for 17.98 P/E if the $5.59 EPS becomes a reality. After $3.57 actual EPS reported by The Sherwin-Williams Company for the previous quarter, Wall Street now forecasts 56.58% EPS growth.

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 69 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of The Sherwin-Williams Company (NYSE:SHW) has “Buy” rating given on Monday, February 12 by Susquehanna. As per Friday, July 21, the company rating was upgraded by Credit Suisse. The stock has “Buy” rating by RBC Capital Markets on Monday, August 14. The rating was upgraded by Zelman to “Buy” on Wednesday, October 18. The stock of The Sherwin-Williams Company (NYSE:SHW) earned “Buy” rating by Goldman Sachs on Wednesday, January 20. The firm has “Overweight” rating given on Tuesday, April 4 by KeyBanc Capital Markets. Barclays Capital maintained the shares of SHW in report on Wednesday, April 25 with “Equal-Weight” rating. On Wednesday, October 4 the stock rating was maintained by Jefferies with “Hold”. As per Friday, December 22, the company rating was initiated by Deutsche Bank. Barclays Capital maintained The Sherwin-Williams Company (NYSE:SHW) on Monday, November 2 with “Equal Weight” rating.

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

Investors sentiment decreased to 0.78 in Q1 2018. Its down 0.37, from 1.15 in 2017Q4. It worsened, as 68 investors sold SHW shares while 276 reduced holdings. 59 funds opened positions while 209 raised stakes. 68.11 million shares or 0.62% less from 68.54 million shares in 2017Q4 were reported. Fmr Limited Liability Corporation holds 0.17% in The Sherwin-Williams Company (NYSE:SHW) or 3.66 million shares. Blackrock reported 0.11% stake. Lord Abbett Company Limited Liability Company accumulated 0.1% or 90,120 shares. Clinton Grp Inc has 0.17% invested in The Sherwin-Williams Company (NYSE:SHW) for 4,081 shares. Schwab Charles owns 0.09% invested in The Sherwin-Williams Company (NYSE:SHW) for 290,610 shares. West Oak Capital Ltd Liability has 0% invested in The Sherwin-Williams Company (NYSE:SHW) for 3,537 shares. Rowland & Inv Counsel Adv holds 0% of its portfolio in The Sherwin-Williams Company (NYSE:SHW) for 339 shares. Toth Finance Advisory invested in 7,369 shares or 0.7% of the stock. Northwestern Mutual Wealth Management holds 0.01% in The Sherwin-Williams Company (NYSE:SHW) or 2,750 shares. Tdam Usa holds 5,018 shares or 0.12% of its portfolio. Webster National Bank N A accumulated 3,835 shares. Pensionfund Dsm Netherlands reported 8,200 shares or 0.58% of all its holdings. Nichols Pratt Advisers Llp Ma holds 0.03% or 900 shares in its portfolio. Hitchwood Mngmt Limited Partnership holds 1.05% or 55,000 shares. Cambridge Inv Rech holds 8,332 shares.

More important recent The Sherwin-Williams Company (NYSE:SHW) news were published by: Globenewswire.com which released: “Investor Expectations to Drive Momentum within The Kroger, Mohawk Industries, Mersana Therapeutics, Riot …” on June 14, 2018, also Seekingalpha.com published article titled: “Let Sherwin-Williams Paint Your Portfolio Green”, Seekingalpha.com published: “Sherwin-Williams: Buy For Great Total Return And Steady Dividend” on June 13, 2018. More interesting news about The Sherwin-Williams Company (NYSE:SHW) was released by: Seekingalpha.com and their article: “Sherwin Williams (SHW) Industry Overview – Slideshow” with publication date: May 23, 2018.

Beach Investment Counsel Inc, which manages about $1.43 billion and $959.99M US Long portfolio, upped its stake in Enterprise Prod Partners (NYSE:EPD) by 71,847 shares to 2.17M shares, valued at $53.04 million in 2018Q1, according to the filing. It also increased its holding in Teekay Lng Partners (NYSE:TGP) by 141,853 shares in the quarter, for a total of 358,233 shares, and has risen its stake in Royal Dutch Shell.

Since January 26, 2018, it had 1 buy, and 0 sales for $43,446 activity.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.17 earnings per share, down 39.29% or $0.11 from last year’s $0.28 per share. GE’s profit will be $1.48B for 19.56 P/E if the $0.17 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

Investors sentiment increased to 0.55 in Q1 2018. Its up 0.05, from 0.5 in 2017Q4. It improved, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Kemnay Advisory Services invested in 1,900 shares or 0.01% of the stock. Suntrust Banks stated it has 3.16M shares or 0.28% of all its holdings. Barrett Asset Mngmt Limited Liability Corporation invested in 279,201 shares. Shapiro Capital Management Ltd Liability has invested 0% of its portfolio in General Electric Company (NYSE:GE). Alabama-based Leavell Mngmt has invested 0.06% in General Electric Company (NYSE:GE). Meeder Asset holds 0% or 1,888 shares in its portfolio. Signature Financial Management holds 0.21% or 75,104 shares. Tirschwell Loewy has 63,140 shares for 0.12% of their portfolio. Gfs Advsr Ltd Liability Com reported 967,328 shares. 23,650 are held by Baldwin Invest Mngmt Ltd. The Alabama-based Andra Ap has invested 0.07% in General Electric Company (NYSE:GE). Main Street Rech Ltd Llc reported 0.06% stake. Pnc Finance Svcs Gp has invested 0.28% in General Electric Company (NYSE:GE). 16,880 are owned by Woodley Farra Manion. Lehman Resources reported 170,251 shares or 1.18% of all its holdings.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “Either GE Or Its Dividend, And Possibly Both, Are Set To Shrink” on June 12, 2018, also Seekingalpha.com with their article: “JPMorgan: GE needs major capital raise” published on June 04, 2018, Seekingalpha.com published: “General Electric’s Wild Ride” on May 29, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric Is Worth $20” published on May 22, 2018 as well as Seekingalpha.com‘s news article titled: “GE: The Real Problem” with publication date: May 21, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by S&P Research on Monday, August 17. Morgan Stanley maintained General Electric Company (NYSE:GE) rating on Tuesday, July 25. Morgan Stanley has “Equal-Weight” rating and $26 target. S&P Research maintained it with “Buy” rating and $34 target in Tuesday, October 20 report. As per Tuesday, June 13, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Monday, July 10 by RBC Capital Markets. The firm earned “Hold” rating on Tuesday, January 16 by Vertical Research. The stock of General Electric Company (NYSE:GE) has “Neutral” rating given on Monday, October 23 by UBS. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by UBS on Friday, October 14. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, July 17. The firm has “Neutral” rating by Bank of America given on Wednesday, April 26.

General Electric Company (NYSE:GE) Institutional Positions Chart

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