Spdr S&P 500 (SHW) Valuation Declined While Chartist Decreased Its Holding; As Northrop Grumman (NOC) Stock Declined, Brookside Capital Management Has Boosted Its Holding

July 18, 2018 - By Joseph Taylor

Northrop Grumman Corporation (NYSE:NOC) Logo

Brookside Capital Management Llc increased its stake in Northrop Grumman Corp (NOC) by 148.21% based on its latest 2018Q1 regulatory filing with the SEC. Brookside Capital Management Llc bought 105,025 shares as the company’s stock declined 6.52% with the market. The hedge fund run by Bain Capital held 175,889 shares of the industrial machinery and components company at the end of 2018Q1, valued at $61.41 million, up from 70,864 at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in Northrop Grumman Corp for a number of months, seems to be bullish on the $56.25B market cap company. The stock increased 0.42% or $1.355 during the last trading session, reaching $322.555. About 260,996 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 29.40% since July 18, 2017 and is uptrending. It has outperformed by 16.83% the S&P500. Some Historical NOC News: 25/04/2018 – Northrop Grumman Raises 2018 View To EPS $15.40-EPS $15.65; 16/05/2018 – Moody’s Assigns P-2 Short-term Rating To Northrop Grumman’s New Commercial Paper Program; 08/04/2018 – Probes Point to Northrop Grumman Errors in January Spy-Satellite Failure; 25/04/2018 – NOC SEES FY EPS $15.40 TO $15.65, SAW $15 TO $15.25; 17/04/2018 – EXCLUSIVE-TRUMP ADMINISTRATION ROLLING OUT NEW WEAPONS SALES POLICY, AS SOON AS THIS WEEK, AIMED AT ALLOWING MORE ALLIES TO BUY MORE ARMS; 25/04/2018 – Northrop Grumman Had Seen 2018 EPS $15.00-$15.25; 08/04/2018 – Investigators From Northrop Grumman and U.S. Government Wrapping Up Probes; 25/04/2018 – Northrop Grumman Had Seen 2018 Effective Tax Rate About 19.5%; 25/04/2018 – NORTHROP GRUMMAN BOOSTS FORECAST; 28/03/2018 – Poland Signs Agreement to Purchase Northrop Grumman Integrated Air and Missile Defense Battle Command System

Chartist Inc decreased its stake in Spdr S&P 500 (SHW) by 3.48% based on its latest 2018Q1 regulatory filing with the SEC. Chartist Inc sold 7,970 shares as the company’s stock declined 2.96% with the market. The institutional investor held 221,055 shares of the building materials company at the end of 2018Q1, valued at $58.28B, down from 229,025 at the end of the previous reported quarter. Chartist Inc who had been investing in Spdr S&P 500 for a number of months, seems to be less bullish one the $39.57 billion market cap company. The stock increased 0.20% or $0.83 during the last trading session, reaching $425.19. About 207,986 shares traded. The Sherwin-Williams Company (NYSE:SHW) has risen 17.41% since July 18, 2017 and is uptrending. It has outperformed by 4.84% the S&P500.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.37, from 1.15 in 2017Q4. It dived, 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. Eaton Vance Mgmt holds 0.05% or 50,147 shares in its portfolio. Maple Capital Management holds 1,348 shares or 0.13% of its portfolio. Berkshire Money Mngmt holds 0.16% of its portfolio in The Sherwin-Williams Company (NYSE:SHW) for 1,627 shares. Howe Rusling holds 280 shares or 0.02% of its portfolio. Cap Advisers Ltd Liability Corp holds 0.01% or 2,669 shares. Tiaa Cref Inv Ltd Llc has 726,797 shares for 0.19% of their portfolio. Alkeon Capital Mgmt Limited Company holds 400,640 shares. Davenport And Ltd Liability, a Virginia-based fund reported 229,747 shares. Carderock Management reported 7,161 shares or 1.24% of all its holdings. Stone Ridge Asset Mngmt Lc owns 872 shares. West Oak Capital Limited Liability Corp owns 3,537 shares. Kcm Invest Ltd Llc invested 0.06% in The Sherwin-Williams Company (NYSE:SHW). Hitchwood Mgmt L P, New York-based fund reported 55,000 shares. Proshare Lc reported 175,199 shares. Parsons Ri holds 770 shares.

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 70 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, December 13 report. The rating was upgraded by Credit Suisse on Friday, July 21 to “Buy”. The firm earned “Overweight” rating on Wednesday, October 4 by KeyBanc Capital Markets. Susquehanna maintained The Sherwin-Williams Company (NYSE:SHW) on Monday, February 12 with “Buy” rating. The company was maintained on Wednesday, October 25 by Citigroup. The stock has “Hold” rating by Credit Suisse on Thursday, September 28. As per Wednesday, April 25, the company rating was maintained by Credit Suisse. KeyBanc Capital Markets maintained The Sherwin-Williams Company (NYSE:SHW) on Thursday, January 11 with “Buy” rating. The firm earned “Positive” rating on Monday, March 21 by Susquehanna. As per Sunday, January 28, the company rating was maintained by RBC Capital Markets.

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

Chartist Inc, which manages about $254.94M and $213.83 billion US Long portfolio, upped its stake in Central Fd Cda Ltd (CEF) by 12,822 shares to 42,858 shares, valued at $566.58 million in 2018Q1, according to the filing.

More news for The Sherwin-Williams Company (NYSE:SHW) were recently published by: Seekingalpha.com, which released: “Sherwin-Williams Could Be Attractive” on July 06, 2018. Fool.com‘s article titled: “Better Buy: The Home Depot, Inc. (HD) vs. Sherwin-Williams (SHW)” and published on July 03, 2018 is yet another important article.

Analysts await The Sherwin-Williams Company (NYSE:SHW) to report earnings on July, 24 before the open. They expect $5.59 earnings per share, up 23.67% or $1.07 from last year’s $4.52 per share. SHW’s profit will be $520.20 million for 19.02 P/E if the $5.59 EPS becomes a reality. After $3.57 actual earnings per share reported by The Sherwin-Williams Company for the previous quarter, Wall Street now forecasts 56.58% EPS growth.

Among 20 analysts covering Northrop Grumman (NYSE:NOC), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Northrop Grumman had 68 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, February 14 by Jefferies. Cowen & Co maintained Northrop Grumman Corporation (NYSE:NOC) on Wednesday, August 23 with “Hold” rating. The stock of Northrop Grumman Corporation (NYSE:NOC) has “Buy” rating given on Friday, October 27 by Bank of America. The firm earned “Neutral” rating on Wednesday, June 27 by Credit Suisse. The rating was maintained by Robert W. Baird with “Buy” on Friday, June 22. Goldman Sachs upgraded Northrop Grumman Corporation (NYSE:NOC) on Tuesday, May 8 to “Buy” rating. The company was initiated on Thursday, October 6 by Robert W. Baird. The company was downgraded on Thursday, May 19 by RBC Capital Markets. RBC Capital Markets maintained Northrop Grumman Corporation (NYSE:NOC) rating on Sunday, October 8. RBC Capital Markets has “Buy” rating and $324.0 target. The firm earned “Buy” rating on Thursday, November 12 by Argus Research.

Brookside Capital Management Llc, which manages about $1.37B US Long portfolio, decreased its stake in Bristol Myers Squibb Co (Call) (NYSE:BMY) by 5,250 shares to 1,750 shares, valued at $168,000 in 2018Q1, according to the filing. It also reduced its holding in Avexis Inc (Call) by 70,164 shares in the quarter, leaving it with 210 shares, and cut its stake in Immune Design Corp (NASDAQ:IMDZ).

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.10, from 0.98 in 2017Q4. It turned negative, as 57 investors sold NOC shares while 306 reduced holdings. 89 funds opened positions while 232 raised stakes. 137.81 million shares or 0.54% more from 137.07 million shares in 2017Q4 were reported. Toth Advisory Corp reported 1,177 shares stake. Natixis Limited Partnership holds 0.28% of its portfolio in Northrop Grumman Corporation (NYSE:NOC) for 81,267 shares. Glenmede Com Na holds 10,625 shares or 0.01% of its portfolio. Perkins Coie invested in 8 shares or 0% of the stock. Centurylink Investment Management Commerce owns 4,109 shares or 0.51% of their US portfolio. Illinois-based Koshinski Asset Management has invested 0.07% in Northrop Grumman Corporation (NYSE:NOC). Laurel Grove Cap Ltd accumulated 2,550 shares. Bowling Port Limited Com holds 0.79% of its portfolio in Northrop Grumman Corporation (NYSE:NOC) for 16,481 shares. Texas Permanent School Fund has 0.21% invested in Northrop Grumman Corporation (NYSE:NOC) for 44,980 shares. Highstreet Asset Management Inc accumulated 7,078 shares. Piedmont Invest Advsrs Limited Liability Corp holds 0.23% in Northrop Grumman Corporation (NYSE:NOC) or 24,241 shares. Lazard Asset Management Lc has 176,728 shares for 0.12% of their portfolio. Ing Groep Nv invested 0.11% in Northrop Grumman Corporation (NYSE:NOC). Ghp Advsr Incorporated holds 0.08% or 1,708 shares in its portfolio. Barometer Capital Mngmt Inc has 88,216 shares.

The Sherwin-Williams Company (NYSE:SHW) Institutional Positions Chart

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