Middleton & Co INC Has Cut Its Lowes Cos INC (LOW) Stake by $4.88 Million

March 18, 2018 - By Ellis Scott

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.01, from 1.03 in 2017Q2. It is positive, as 76 investors sold LOW shares while 406 reduced holdings. 115 funds opened positions while 384 raised stakes. 589.78 million shares or 2.68% less from 606.01 million shares in 2017Q2 were reported. Moreover, Shelton Capital Management has 0.43% invested in Lowe's Companies, Inc. (NYSE:LOW). Coho Ptnrs Limited holds 2.36 million shares. Old Mutual Customised Solutions (Proprietary) Ltd invested in 0.35% or 32,295 shares. Boston Advsr Ltd Llc holds 0.11% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 59,093 shares. Gabelli Funds Llc holds 0.04% or 90,000 shares in its portfolio. Greenwood Gearhart Inc invested in 1.47% or 51,032 shares. 66,075 are held by Stratos Wealth Ptnrs Limited. Moreover, Macquarie Group Ltd has 1.27% invested in Lowe's Companies, Inc. (NYSE:LOW). Bahl & Gaynor, Ohio-based fund reported 74,199 shares. Peak Asset Mngmt Limited Liability Company has 0.31% invested in Lowe's Companies, Inc. (NYSE:LOW). Blair William & Communications Il has 539,176 shares. Alliancebernstein Lp holds 1.47M shares. Steinberg Asset Mgmt holds 0.15% or 12,671 shares in its portfolio. United Capital Advisers Limited Com invested 0.18% in Lowe's Companies, Inc. (NYSE:LOW). Canada Pension Plan Board has 0.29% invested in Lowe's Companies, Inc. (NYSE:LOW) for 1.80M shares.

Since September 19, 2017, it had 0 insider purchases, and 1 sale for $614,857 activity. Ramsay Paul D also sold $163,675 worth of Lowe's Companies, Inc. (NYSE:LOW) on Tuesday, September 19.

Middleton & Co Inc decreased its stake in Lowes Cos Inc (LOW) by 48.96% based on its latest 2017Q3 regulatory filing with the SEC. Middleton & Co Inc sold 61,716 shares as the company’s stock rose 10.23% with the market. The institutional investor held 64,333 shares of the consumer services company at the end of 2017Q3, valued at $5.14M, down from 126,049 at the end of the previous reported quarter. Middleton & Co Inc who had been investing in Lowes Cos Inc for a number of months, seems to be less bullish one the $72.21 billion market cap company. The stock increased 1.71% or $1.46 during the last trading session, reaching $87. About 8.77 million shares traded or 29.67% up from the average. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since March 18, 2017 and is uptrending. It has underperformed by 10.78% the S&P500.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on May, 23. They expect $1.30 earnings per share, up 26.21 % or $0.27 from last year’s $1.03 per share. LOW’s profit will be $1.08 billion for 16.73 P/E if the $1.30 EPS becomes a reality. After $0.74 actual earnings per share reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 75.68 % EPS growth.

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

Among 35 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 22 have Buy rating, 0 Sell and 13 Hold. Therefore 63% are positive. Lowe’s Companies Inc. had 97 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Hold” rating by SunTrust given on Thursday, March 1. Goldman Sachs maintained it with “Buy” rating and $88 target in Wednesday, April 6 report. The company was downgraded on Thursday, August 24 by BMO Capital Markets. The firm has “Buy” rating by Zelman given on Thursday, November 19. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, July 18 report. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, December 22 report. The firm earned “Buy” rating on Friday, May 20 by Citigroup. The firm has “Outperform” rating by Telsey Advisory Group given on Thursday, January 25. The company was maintained on Wednesday, January 24 by Robert W. Baird. The firm earned “Neutral” rating on Monday, October 31 by Piper Jaffray.

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