Greenhaven Associates INC Trimmed Lowe’s Companies INC (Low) (LOW) Position as Stock Rose

June 19, 2017 - By Winifred Garcia

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.09, from 0.93 in 2016Q3. It dropped, as 87 investors sold LOW shares while 444 reduced holdings. 103 funds opened positions while 341 raised stakes. 627.42 million shares or 0.25% less from 629.02 million shares in 2016Q3 were reported. Landscape Limited Liability Com invested in 3,353 shares. 147,191 are owned by Busey Tru Company. Osborne Management Limited Liability Com reported 113,293 shares. Greenwood Gearhart Incorporated reported 1.41% stake. Cumberland Prtn Limited holds 148,465 shares or 1.61% of its portfolio. Ontario – Canada-based Intact Invest Mngmt has invested 0.05% in Lowe’s Companies, Inc. (NYSE:LOW). Piedmont Inv Advisors Ltd Llc reported 188,174 shares. Riverpoint Limited Liability Co has 1.15% invested in Lowe’s Companies, Inc. (NYSE:LOW) for 206,868 shares. 5,880 were reported by Roberts Glore Company Il. Strs Ohio holds 800,961 shares or 0.25% of its portfolio. Commercial Bank Of Mellon reported 8.98 million shares. 112,920 are held by Noesis Cap Mangement. Btr Capital Mgmt holds 2.19% in Lowe’s Companies, Inc. (NYSE:LOW) or 135,185 shares. New York-based Jennison Limited Liability Company has invested 0% in Lowe’s Companies, Inc. (NYSE:LOW). Evercore Wealth Management Ltd invested in 55,204 shares.

Since March 3, 2017, it had 0 insider buys, and 8 selling transactions for $44.98 million activity. On Monday, March 6 the insider NIBLOCK ROBERT A sold $36.24M. Another trade for 3,568 shares valued at $290,089 was made by Peace Nelson B on Monday, March 6. CROOM MARSHALL A sold $1.04M worth of Lowe’s Companies, Inc. (NYSE:LOW) on Thursday, March 30. 23,023 shares were sold by Ramsay Paul D, worth $1.83M. Shares for $1.41 million were sold by DAMRON RICKY D. $936,115 worth of Lowe’s Companies, Inc. (NYSE:LOW) shares were sold by Maltsbarger Richard D. Hollifield Matthew V had sold 9,299 shares worth $753,162 on Friday, March 3.

Edgar Wachenheim decreased its stake in Lowe’s Companies Inc. (Low) (LOW) by 4.6% based on its latest 2016Q4 regulatory filing with the SEC. Greenhaven Associates Inc sold 350,400 shares as the company’s stock rose 10.23% with the market. The hedge fund run by Edgar Wachenheim held 7.27 million shares of the consumer services company at the end of 2016Q4, valued at $517.13 million, down from 7.62 million at the end of the previous reported quarter. Greenhaven Associates Inc who had been investing in Lowe’s Companies Inc. (Low) for a number of months, seems to be less bullish one the $67.32 billion market cap company. The stock rose 0.66% or $0.53 reaching $80.33. About 1.08M shares traded. Lowe’s Companies, Inc. (NYSE:LOW) has risen 5.92% since June 19, 2016 and is uptrending. It has underperformed by 10.78% the S&P500.

Greenhaven Associates Inc, which manages about $5.72 billion and $5.93B US Long portfolio, upped its stake in Boeing Company (Ba) (NYSE:BA) by 1.11 million shares to 2.84M shares, valued at $442.12 million in 2016Q4, according to the filing. It also increased its holding in Lennar Corporation (Len) (NYSE:LEN) by 334,958 shares in the quarter, for a total of 5.39 million shares, and has risen its stake in Toll Brothers Inc. (Tol) (NYSE:TOL).

More notable recent Lowe’s Companies, Inc. (NYSE:LOW) news were published by: Seekingalpha.com which released: “Lowe’s: Mastering The 5 Fundamentals Of Retail” on June 19, 2017, also Seekingalpha.com with their article: “Lowe’s: Sell This Mess” published on May 25, 2017, Nasdaq.com published: “Why Lowe’s Companies is a Top Socially Responsible Dividend Stock (LOW)” on June 05, 2017. More interesting news about Lowe’s Companies, Inc. (NYSE:LOW) were released by: Investorplace.com and their article: “Why Lowe’s Companies, Inc. (LOW) Stock Isn’t Slowing Down Soon” published on May 22, 2017 as well as Seekingalpha.com‘s news article titled: “Lowe’s: Macro Tailwinds To Lift Quarter Results” with publication date: May 22, 2017.

Lowe’s Companies, Inc. (NYSE:LOW) Ratings Coverage

Among 20 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 8 have Buy rating, 1 Sell and 11 Hold. Therefore 40% are positive. Lowe’s Companies Inc. had 35 analyst reports since August 19, 2015 according to SRatingsIntel. Bernstein initiated Lowe’s Companies, Inc. (NYSE:LOW) rating on Monday, February 6. Bernstein has “Underperform” rating and $66 target. The company was downgraded on Wednesday, October 26 by JP Morgan. The stock of Lowe’s Companies, Inc. (NYSE:LOW) has “Buy” rating given on Friday, May 20 by Citigroup. Longbow maintained Lowe’s Companies, Inc. (NYSE:LOW) rating on Friday, August 14. Longbow has “Buy” rating and $85 target. The firm has “Neutral” rating by PiperJaffray given on Monday, October 31. Goldman Sachs maintained it with “Buy” rating and $88 target in Wednesday, April 6 report. BMO Capital Markets maintained Lowe’s Companies, Inc. (NYSE:LOW) on Monday, August 22 with “Outperform” rating. On Tuesday, August 2 the stock rating was reinitiated by Stifel Nicolaus with “Buy”. Zacks downgraded Lowe’s Companies, Inc. (NYSE:LOW) on Thursday, August 20 to “Hold” rating. The company was maintained on Thursday, December 8 by RBC Capital Markets.

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